Demagnetizing fields arise at the ends of bar magnets where the magnetic field strength (H) points opposite to magnetization (M) and magnetic flux density (B). This phenomenon is often misnamed, as it is actually B that influences atomic polarization in iron, not H. The strength of B at the magnet's ends is about half of its value at the center, leading to a gradual loss of magnetization (M) over time. Understanding these concepts is crucial for accurately discussing magnet behavior. The discussion highlights the importance of distinguishing between H and B in the context of magnetization.