Ferrofluids are commonly used in loudspeakers to sink heat between the voice coil and the magnet assembly, and to passively damp the movement of the cone. They reside in what would normally be the air gap around the voice coil, held in place by the speaker's magnet. Since ferrofluids are paramagnetic, they obey Curie's law, thus become less magnetic at higher temperatures. A strong magnet placed near the voice coil (which produces heat) will always attract colder ferrofluid towards it more than warmer ferrofluid thus forcing the heated ferrofluid away, towards the heat sink. This is an efficient cooling method which requires no additional energy input.
