Why Graphite is Diamagnetic?

Answer: Through years of studying and research;

Graphite has shown that in weak and quantizing magnetic fields it is material is a highly anisotropie diamagnetic substance whose non-oscillating part of the magnetic suscepti - bility weakly depends on magnetic field.

Explanation:

Diamagnetism is a (very) weak form of magnetism which is caused (induced) by a change in the orbital motion of electrons mostly due to an applied magnetic field.