It is shown that because of their high magnetic susceptibility δ plutonium and its alloys are close to magnetic instabilities; dynamic effects of short-range magnetic order which are associated with the fluctuating magnetization density of electrons -spin fluctuations -play a large role in them. Long-range ferro-and antiferromagnetic order is suppressed. A model is developed for the spin fluctuations in plutonium. In this model, because of strong magneto-elastic coupling the spin-fluctuation energy depends on the volume of the crystal and is independent of temperature and spatial dispersion. It is shown that the contribution of the zero-point quantum spin-fluctuations is largely temperature-independent, as a result of which saturation of local magnetic moments is absent, the Curie-Weiss law for the magnetic susceptibility breaks down, and below the melting temperature plutonium is a strongly quantum system. An explanation is given for the thermal expansion anomalies of the δ phase of plutonium and its alloys on the basis of the theory of magneto-volume effect with a negative magneto-elastic coupling constant.In spite of their long history, investigations of plutonium and its alloys are a central problem of the physics of strongly correlated electronic systems. Systems based on plutonium are close to satisfying Hill's criterion, which divides the ƒ electrons into localized and itinerant, which is the reason for the anomalous properties of these systems with respect to practical applications and understanding the aging process. We note the large number of structural phase transformations in plutonium, associated with the existence of six allotropic phases of plutonium of which the δ phase with an fcc lattice is of greatest interest. The mechanisms of the structural transitions have not yet been determined. In unalloyed plutonium, the δ phase is stable above 593 K. In alloys where the content of Al, Ga, Sc, Ce, Am, and other elements is several percent, the δ phase of plutonium remains down to lower temperatures. The mechanism of such stabilization likewise remains unknown [1].Much less is known about the magnetic instability of plutonium and its alloys and the effect of magnetism on the anomalous properties of plutonium. Searches for long-range ferro-or antiferromagnetic order in plutonium over many years have not produced a result [1] and do not preclude the existence in it of "hidden" collinear [2] or non-collinear magnetic order [3], which is difficult to find by means of existing experimental methods. In the present work, all phases of plutonium and δ alloys based on it are considered to be paramagnetic and, because of the high magnetic susceptibility [1,4], close to magnetic instability, as observed in palladium [1]. The existence of magnetic instabilities is indicated by relativistic calculations [5] as well as many first-principles calculations of the ground state [1,6]. In [7], it is asserted that magnetism must be taken into account in order to understand the properties of all phases of plutonium.The first...