this is how science article should be written in popular science journals. with limited popular physics knowledge you can still extract useful information with being knowledgeable in physics or chemistry. ie know about magnetism and spectral analysis you can get the gist of what discovery was about and how it is important.
Not quite: the article discusses how magnetic poles are arranged at the molecular level. At the human scale that molecular structure "averages out" to whatever material qualities we can directly observe.
In this case, I would guess it averages out to something non-magnetic (the article doesn't mention it so don't take my word for it). However, as the article mentioned, it also has distinguishable properties regarding reflection (which is how this new phase was detected), and the arrangement could lead to an explanation for high-temperature superconductivity.
