  We use x-ray absorption spectroscopy as well as its linear and circular
magnetic dichroisms to characterize relevant interactions and energy scales in
the surface intermetallic CePt$_5$/Pt(111). The experiments provide insight
into crystal field splitting, effective paramagnetic moments, their Kondo
screening and mutual interactions and thus into many aspects which typically
determine the low temperature behavior of correlated rare earth compounds.
Exploiting the tuneability of Ce valence through the thickness dependent
epitaxial strain at the CePt$_5$/Pt(111) interface, we are able to
systematically investigate the impact of hybridization strength on these
interactions. Considerable Kondo screening is indeed observed at all CePt$_5$
thicknesses, and found to be strongest in case of strongest hybridization.
While the magnetic response is commensurate with an impurity Kondo scale of
$T_K \gtrsim 10^2$ K for specimen temperatures $T \gtrsim 30$ K, this is no
longer the case at lower temperature. Its detailed study by XMCD at one
specific thickness of CePt$_5$ reveals an anomaly of the susceptibility at $T^*
\approx 25$ K instead, which we tentatively associate with the onset of lattice
coherence. At lowest temperature we observe paramagnetic saturation with a
small Ce $4f$ saturation magnetization. Within the framework of itinerant $4f$
electrons, saturation is due to a field induced Lifshitz transition involving a
very heavy band with correspondingly small degeneracy temperature of $T_F
\approx 7$ K. This small energy scale results in the persistence of Curie-Weiss
behavior across the entire range of experimentally accessible temperatures ($T
\gtrsim 2$ K). Our work highlights the potential of magnetic circular dichroism
studies in particular for Kondo and heavy fermion materials, which so far has
remained largely unexplored.
