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Electromagnets possess a magnetic field that is a result of electrical current.

When the current stops, the field will disappear also and hence we say that it is not permanent magnet.

Magnetism is usually described as a result of one of three circumstances.

It is a general law of physics that a magnetic field is created any time there is an electrical current. This is the way an electromagnet works.

The so-called permanent magnets have a magnetic field that originates in the magnetic properties of the atoms that comprise the magnet and depends on the type and arrangement of the atoms. One can say the magnetism is a consequence of the material itself.

Lastly, when electric fields are changing, such as in an AC circuit, magnetic fields are created as a consequence of the changing electric fields. This too is one of the basic laws of electromagnetic theory and a law of nature. This is not an effect that is easy to see, even in a laboratory setting, but it has important consequences which would take an explanation that goes outside of the topic of the current question.

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