Yes, it is possible under the special circumstances but not for all

sir, it is possible. But my question was which interactions could be possible in these lasers and ferromagnetic alloys.

I think the primary phenomenon that links light to magnetism is circular dichroism. Opposite circular polarizations of light have opposite angular momentum and so can have different absorption probabilities depending on the spin of the electron states and therefore magnetism. Magnetism isn’t the only thing that produces circular dichroism, but at least that is an optical phenomenon can depend on magnetism.

Most optical probes of magnetic properties use higher energy photons (x-rays or extreme UV). For example see here:

https://www-ssrl.slac.stanford.edu/stohr/xmcd.htm

However magnetic properties can produce circular dichroism at lower energies in some materials. For example see:

Article Visible magnetic circular dichroism spectroscopy of the Pr0....

@ Mike Albert

Thank you for your interest and valuable advice on the query I had.

I will look into the material related to your written text.

Thanks again.