Named after Thule, the earliest name for Scandinavia. Discovered in 1879 by Cleve. Thulium occurs in small quantities along with other rare earths in a number of minerals. It is obtained commercially from monazite, which contains about 0.007% of the element. Thulium is the least abundant of the rare earth elements, but with new sources recently discovered, it is now considered to be about as rare as silver,gold, or cadmium.
Because of the relatively high price of the metal, thulium has not yet found many practical applications. 169Tm bombarded in a nuclear reactor can be used as a radiation source in portable X-ray equipment. 171Tm is potentially useful as an energy source. Natural thulium also has possible use in ferrites (ceramic magnetic materials) used in microwave equipment, and can be used for doping fiber lasers. As with other lanthanides, thulium has a low-to-moderate acute toxic rating. It should be handled with care.