Photomagnetism (photomagnetic effect) is the effect in which a material acquires (and in some cases loses) its ferromagnetic properties in response to light. The current model for this phenomenon is a light-induced electron transfer, accompanied by the reversal of the spin direction of an electron. This leads to an increase in spin concentration, causing the magnetic transition.[1] Currently the effect is only observed to persist (for any significant time) at very low temperature. But at temperatures such as 5K, the effect may persist for several days.[1]