The magnetic flux through the ring changes as the magnet gets closer, and Lenz’s law states that current is induced in the ring, creating its own magnetic field that counteracts the change in flux. Consequently, the ring’s induced magnetic field will be in opposition to the magnet’s field because, in accordance with Lenz’s law, it opposes the change that initially caused it. As seen below, the ring moves away from the approaching field as a result of the repulsion.
The magnetic flux through the ring changes as the magnet gets closer, and Lenz’s law states that current is induced in the ring, creating its own magnetic field that counteracts the change in flux. Consequently, the ring’s induced magnetic field will be in opposition to the magnet’s field because, in accordance with Lenz’s law, it opposes the change that initially caused it. As seen below, the ring moves away from the approaching field as a result of the repulsion.