Faraday's Law
Eddy currents are currents which circulate in conductors like swirling eddies in a stream. They are induced by changing magnetic fields and flow in closed loops, perpendicular to the plane of the magnetic field. ... Like any current flowing through a conductor, an eddy current will produce its own magnetic field.
Eddy currents are current loops formed over conductor surfaces due to changing magnetic flux. They are useful in induction heating, levitating, electromagnetic damping, and electromagnetic braking. They can be minimized by adding slots in the conductor surface & laminating.
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