A ferroic performance: In crystals with both electric and magnetic order, a coupling between the orderings may exist: An applied electric field induces a change of magnetization and an applied magnetic field induces a change of polarization. This magnetoelectric effect makes so-called multiferroics potential future information technology devices in which data can be written to magnetic memory elements by applied electric fields.
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Heiko Lueken (2008) studied this question.
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