A ferrite rod antenna primarily responds to the magnetic field component of radio waves, particularly at low frequencies like 1 MHz. While the magnetic field alone cannot induce electron movement, it amplifies the magnetic part of the wave, which in turn enhances the electric field within the antenna. The discussion highlights the complexity of how ferrite materials affect the magnetic field, with references to relative permeability and the potential for quantum mechanical explanations. Participants express confusion over whether the B-field is amplified or if the H-field is reduced, emphasizing the need for clarity on the underlying physics. Overall, the conversation underscores the intricate relationship between magnetic and electric fields in antenna performance.