Iron, cobalt and nickel are archetypal ferromagnetic metals. In bulk, electronic conduction in these materials takes place mainly through the s and p electrons, whereas the magnetic moments are mostly in the narrow d-electron bands, where they tend to align. This general picture may change at the nanoscale because electrons at the surfaces of materials experience interactions that differ from those in the bulk. Here we show direct evidence for such changes: electronic transport in atomic-scale contacts of pure ferromagnets (iron, cobalt and nickel), despite their strong bulk ferromagnetism, unexpectedly reveal Kondo physics, that is, the screening of local magnetic moments by the conduction electrons below a characteristic temperature 1 . The Kondo effect creates a sharp resonance at the Fermi energy, affecting the electrical properties of the system;this appears as a Fano-Kondo resonance 2 in the conductance characteristics as observed in other artificial nanostructures 3,4,5,6,7,8,9,10,11 . The study of hundreds of contacts shows material-dependent lognormal distributions of the resonance width that arise naturally from Kondo theory 12 . These resonances broaden and disappear with increasing temperature, also as in standard Kondo systems 4,5,6,7 . Our observations, supported by calculations, imply that coordination changes can significantly modify magnetism at the nanoscale. Therefore, in addition to standard micromagnetic physics, strong electronic correlations along with atomic-scale geometry need to be considered when investigating the magnetic properties of magnetic nanostructures.Atomic-scale contacts can be fabricated by techniques such as scanning tunnelling microscopy 13 or the use of electromigrated break junctions (EBJs) 14 , where the size of a macroscopic contact between two leads is reduced until they are in contact through only a few atoms and, eventually, through only one. The conductance of metallic monatomic contacts is known to be around 2G 0 , where G 0 = e 2 /h is the spin-resolved quantum of conductance 13 (e being the elementary charge and h Planck ′ s constant). To identify the atomic contacts, histograms are constructed from the evolution of the conductance recorded during the breaking of different contacts (Fig. 1a, b). The position of the first peak of these histograms is identified as the conductance of the monatomic contact. For iron, cobalt and nickel, the conductance is larger than 2G 0 owing to the contribution of the sp and d orbitals to the transmission 15,16,17 .We have studied the low-temperature conductance characteristics of hundreds of atomic-scale contacts of the three transition-metal ferromagnets iron, cobalt and nickel using a home-built STM. More than the 80% of the differential conductance (dI/dV ) curves at the monatomic contact show peaks or dips around zero bias such as those shown in Fig. 1c, which are very similar to those observed in STM spectroscopy of single magnetic adatoms on non-magnetic surfaces 9,10,11 . Thus, as in the case of these Kondo systems, we ca...