I'm not a physicist (just have a few basic notions) and this is a question out of curiosity, so as I'll probably word it the simplest I can, please take that into account when answering.
tl;dr
Let's take an electromagnet, power it off and hang it over a table. Put a small metallic something below it, on the table. Power on the magnet and suppose for the sake of simplicity that the magnetic field form instantaneously. After how much time the metallic something will be attracted to the magnet? And at what speed it will move toward the magnet?
In the end, what is the speed of magnetism?
Long version
This is been a curiosity I've had for years about at which speed happens the interaction in magnetics fields. I know that $F=ma$, so I suppose that if a magnet is given with a certain F, the a of an attracted objects will depends by its mass (well, and the distance too decreasing F)
Then I saw years ago an experiment about it on Mythbusters, and then, yesterday, I remembered about Physics.se
In Mythbusters, they were trying to divert the trajectory of a bullet by shooting it over a long line of very powerful magnets. Well, the bullet was not impressed that much and never diverted a bit (visibly, at least). I can somehow realize that there are a lot of things at play, but still I fail to understand how a simple bullet exerciting a momentum of few kg can avoid the strength of a bunch of magnets capable of lifting 150kg. The only thing that came to my mind is that the bullet travel too fast for the magnetic field to interact with it, thus the question about the "speed of magnetism," but still this seems the wrong explanation to me, even.
Best Answer
There are several time delays I can think of.