The experimental and theoretical publications on itinerant metamagnetism—the jump-like
transition, induced by a magnetic field, of a paramagnetic system of itinerant electrons into a
magnetically ordered state—are reviewed. The conditions necessary for the appearance of the
metamagnetic transition are formulated on the basis of Stoner's model, and a theory of itinerant
metamagnetism for weak itinerant magnets is presented. The effect of fluctuations of the spin
density on the properties of an itinerant metamagnet is examined. The results of experimental
studies of itinerant metamagnetism, induced by both external and internal effective magnetic
fields, in a system of electrons of a number of intermetallides are presented. The systems
Co(Se1–xSx)2,
Y(Co1–xAlx)2,
and
Lu(Co1–xAlx)2,
the compounds
RCO2−1,
ThCo5,
CeCo5,
and others are studied. Some other phenomena associated, like itinerant metamagnetism, with
the sharp energy dependence of the density of states near the Fermi level are discussed.