I probably have a common question to start with. Does the magnetic attraction power of a permanent magnet for example, decay over time, if the magnet is actively used to attract stuffs and perform some work? Then I have couple of followup questions based on the answer of the above question.
If Yes, it decays - let's say a moderate sized neodymium magnet can hold/suspend an iron bar weighing approx 10 kgs for atleast 1 year. Isn't that a huge amount of energy which is required for this suspension work? Is the magnetic power of the magnet decaying as fast as it takes to keep a 10 kg iron bar suspended, per year? Is it possible unless mass to energy conversion happens? What at the atomic level of neodymium is supplying this huge amount of energy?
If No, it doesn't decay - how conservation of energy withstands when a magnet is used to hold/suspend an iron bar say for 1 year?
I doubt, I might have some misconceptions on this topic, please help me understand.