Lenz’s Law is the electromagnetic equalavent of Newton’s 3rd law paraphrased as “Every action has an equal and opposite reaction”.
Lenz’s Law: The current induced in a circuit due to a change in a magnetic field is directed to oppose the change in flux and to exert a mechanical force which opposes the motion.
What does this mean? It means that the induction of your spinning magnet will produce a counter-electromotive force or Back EMF which will cause the spinning magnet to slow down as it produces current.
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