RARE EARTH ELEMENTS
DESCRIPTION
Lutetium is a very difficult metal to isolate in its purest form and is relatively scarce on the planet, although it is more abundant than some precious metals such as silver and gold. The few applications it had until a few years ago and the limited production made it (comparatively speaking), an extremely expensive metal.
CHARACTERISTICS
Lutetium a silvery-white, hard, dense metal. It is soft and ductile, it exists in trivalent state in compounds, it is harder and denser than all lanthanides, it is stable in air It reacts slowly with water, but dissolves rapidly in acids. Lutetium is little used outside research. One of its few commercial uses is as a catalyst for cracking hydrocarbons in oil refineries. Lutetium has no known biological role.
Being such a complex element, with such a difficult extraction and having so little abundance, Lutetium is rarely used in human activities. It also finds applications as an impurity sensor in the metallurgical industry. It is employed in producing dentures. The oil-producing industries, due to the nature of their processes, are the ones that mostly use Lutetium. Some lutetium salts are used in the manufacture of electronic components and therefore can be found in equipment such as color televisions and fluorescent lamps. It is also common to use lutetium salts to produce high-quality glass catalysts and polishers.
TECHNICAL DESCRIPTION
Lutetium is known to be used for commercial purposes as it is considered to be an expensive metal.
Lutetium is used to • metallurgical industry • producing dentures • oil-producing industries • Medicine • electronic components • color televisions • fluorescent lamps • high-quality glass catalysts • high-quality polishers.
SUPPLY
Top 3 Producers: 1° China, 2° Russia, 3° India.
Top 3 Reserve Holders: 1° Chile, 2° Peru, 3° China.
PRODUCT TYPE
Lutetium
1. Standard Lutetium Powder 99.9%
2. Standard Lutetium pieces 99.9%
• Packaging, Aluminum or Plastic Boxes Sealed
• Minimum Purchase 1000gr (1kg)
• Other, Standard request contact us.
Our advisors, experts are constantly at your disposal in order to best understand the nature of your needs.
OUTLOOK AND SITUATION
The market value of Standard Lutetium Powder, 99.9%, represents approximately 312 US Dollars per gram. Contact us to get the best prices depending on the quantity requested.
Market Overview of Global Lutetium-177 market: According to our latest research, the global Lutetium-177 market looks promising in the next 5 years. As of 2022, the global Lutetium-177 market was estimated at USD 65.25 million, and it’s anticipated to reach USD 232.87 million in 2028, with a CAGR of 23.62% during the forecast years.
China raised full year rare earth production quotas for 2023. Overall, mining quotas have been increased to 240,000 tons this year (up 14%) while smelting and separation quotas have been increased to 230,000 tons (up 14%).
SALES PROCEDURES
Our independence (Production) and our international raw material supply network, undoubtedly enable us to provide you with a safe and secure supply with all controls in terms of quality analysis, evaluation, inspections, import and export.
In order to guarantee a long-lasting and professional relationship with our customers, we have implemented a sales procedure allowing prior identification of our customers by opening customer accounts based on the provision of a Customer Buyer’s KYC Form Rare Minerals and Strategic Metals Account Opening, allowing us perfect identification from quotation requests made by consultants (intermediaries) and direct final buyer.
CATALOG MARKET PRICE
Thermo Fisher Scientific (TMO) is a International laboratory listed on the New York Stock Exchange (NYSE – TMO).
