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Magneto hits Moscow: Michael Fassbender is an everyday tourist as the Hollywood star goes sightseeing around Russia after X-Men: Days Of Future Past premiere. Published: 08:51 EDT, 17 May 2014 | Updated: 16:35 EDT, 17 May 2014.
The effect is called the Lenz Effect. The moving magnet causes small magnetic fields, called eddy currents, to form in the metal (brass, aluminum foil/tube ...). These eddy currents have their own magnetic field (all electrical currents do). This is what is interacting with the moving magnet.