Some ferromagnetic materials with localized magnetic moments
have become a hot topic of modern solid state physics because of
their potential applications, e.g. in spintronic devices. The
magnetic systems of interest comprise diluted magnetic
semiconductors and half-metallic ferromagnets. Like conventional
concentrated local-moment systems, they are characterized by an
exchange interaction between localized magnetic moments and
quasi-free charge carriers. The current research on local-moment
ferromagnetism is reviewed in a tutorial style by leading experts
in this field. Experimentalists present the latest approaches to
characterize the unique material properties and theoreticians share
decisive ideas to describe the observed phenomena theoretically.
Students and researchers alike will benefit from this status
report.
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