What are natural magnets and why do they have magnetic properties?

 Natural magnets are permanent magnets found in the earth's crust, such as lodestone (a magnetized form of the iron oxide mineral magnetite). They form naturally when deposits are exposed to intense magnetic fields—like the Earth's magnetic field over long periods or powerful natural events like lightning strikes. 

Why They Have Magnetic Properties

Electron Spin: Every atom has electrons that spin and create tiny magnetic fields.
Unpaired Electrons: In most materials, these magnetic fields cancel each other out. In magnetic materials like iron, many electrons point in the same direction.
Magnetic Domains: Atoms group into tiny regions called domains.
Alignment: In a natural magnet, these domains point in one uniform direction, creating a strong overall magnetic force.