A simple low-temperature dynamic spin-fluctuation theory of ferromagnetic metals is developed. The theory is based on the functional integral formalism for the multiband Hubbard Hamiltonian and takes into account both single-site and nonlocal spin fluctuations. We show that our approach correctly reproduces the T3/2 law at low temperatures. The calculated results of magnetic properties for Fe and Fe0.65Ni0.35 Invar demonstrate that the approach works on a much wider temperature interval than the spin-wave approximation.
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