Ytterbium was first refined from the mineral gadolinite in 1847 in they town of Ytterby, Sweden. It’s primary industrial use has been in an alloy with stainless steel to improve some of it’s mechanical qualities, but recently also as a doping agent in fiber optic cable and many other electronic applications.
However, when it comes to the precious metals market, ytterbium is a great choice for an investment. Rare earth metals such as ytterbium have consistently gained value in an otherwise turbulent market. As more and more of our electronics require rare earth metals such as ytterbium, the limited supply available becomes more and more scarce, making an investment in ytterbium a wise choice for your portfolio.