While most rare earth magnets are made from the rock hard materials we’re familiar with, not all appear in that classic solid form. Ferrofluid is a stable colloidal suspension of superparamagnetic iron oxide nanoparticles. So, simply, it is a liquid that contains tiny magnetic particles. It’s magnetic properties comes from the magnetized iron oxide it contains. These particles are known as nanoparticles because of their small size -- the particles are actually so small that they never fully settle to the bottom of their container!Other than being really cool to look at, ferrofluids are quite special in the world of magnets. Because of their size, the particles turn ferrimagnetic magnetite into a superparamagnetic material -- meaning they don’t stay magnetized when removed from a magnetic field.
How Ferrofluids Work
Though these tiny magnets would normally run into each other and stick, due to increased surface area in the liquid, this is negated and doesn't allow the magnetite to bunch up and lose its innate properties. Once the surfactant is bonded to the nanoparticle, it is considered a ligand. The ligand also has an attraction to the carrier fluid and kind of pulls the carrier fluid with the nanoparticles as they feel the magnetic force act upon them.