Absence of Ferromagnetism in VSe₂ Caused by Its Charge Density Wave Phase

How magnetism emerges in low-dimensional materials such as transition metal dichalcogenides at the monolayer limit is still an open question. Herein, we present a comprehensive study of the magnetic properties of single-crystal and monolayer VSe₂, both experimentally and ab initio. Magnetometry, X-ray magnetic circular dichrosim (XMCD), and ab initio calculations demonstrate that the charge density wave in bulk stoichiometric VSe_2.0 causes a structural distortion with a strong reduction in the density of states at the Fermi level, prompting the system toward a nonmagnetic state but on the verge of a ferromagnetic instability. In the monolayer limit, the structural rearrangement induces a Peierls distortion with the opening of an energy gap at the Fermi level and the absence of magnetic order.