Thulium's atomic number is 69 and its symbol is Tm. It is an easily workable metal with a bright silvery-gray luster. It is fairly soft and slowly tarnishes in air. Despite its high price and rarity, thulium is used as the radiation source in portable X-ray devices, and in some solid-state lasers. It has no significant biological role and is not particularly toxic.

High-purity thulium oxide was first offered commercially in the late 1950s, as a result of the adoption of ion-exchange separation technology. Lindsay Chemical Division of American Potash & Chemical Corporation offered it in grades of 99% and 99.9% purity. The price per kilogram oscillated between US$4,600 and $13,300 in the period from 1959 to 1998 for 99.9% purity, and it was the second highest for the lanthanides behind lutetium.

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