Lenz's law is a consequence of the law of conservation of energy.
Lenz's law states that the induced current in a conductor always opposes the change in magnetic flux that caused it, which is essentially a way of ensuring that energy is conserved.
Lenz's Law states that an induced current opposes the change in magnetic flux, which aligns with diamagnetism, where materials create an opposing magnetic field.
Paramagnetic and ferromagnetic materials align with the external field, not opposing it, so Lenz's Law does not explain them.
Lenz's law is a consequence of the law of conservation of energy. The law of conservation of energy states that energy can neither be created nor be destroyed.