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Increased Medical Applications Likely to Drive Tech Metal Prices

Technology metals have many applications in modern industries, ranging from electronics and energy to medicine. Their unique properties, such as radiation emission or magnetism, allow tech Metal elements to be used in many different therapeutic and diagnostic applications in modern medicine.

Currently there are a few major applications of technology metals in the medical industry; for instance, technology metal element, Gadolinium is used as a contrast medium for magnetic resonance imaging (MRI). It is a paramagnetic metal ion, which moves differently within a magnetic field. This trait makes gadolinium useful for MRI tests, which use high-powered radio waves to look inside the body, and doctors use gadolinium, in clear, non-radioactive liquid forms approved by the FDA to provide a better contrast between healthy and unhealthy tissues.

When gadolinium fluid is injected into the veins, it is absorbed by unhealthy tissue and these areas appear as very bright compared with the other areas of the body, giving doctors a clearer picture of which organs or areas of the body are abnormal.

Many gadolinium-based contrast agents are available worldwide and manufactured by leading pharmaceutical companies. Being a technology metal, the price of gadolinium have increased many folds over the years and the trend is expected to continue in the near future. What make them interesting to medical practitioners, engineers and investors alike are their use in the high-tech medical applications currently available along with many industrial applications.

Gadolinium is excellent at absorbing neutrons, and so is used in the core of nuclear reactors. It is used in making gadolinium yttrium garnets and possesses unusual metallurgic properties. Gadolinium gallium garnet is used in fabrication of various optical components and as substrate material for magneto-optical films. It is also used in nuclear marine propulsion systems as a burnable nuclear poison.

According to industry experts, the demand for Gadolinium will stand at 2,225 tonnes, by the end of 2016, while production will pass that at 2,750 tonnes. Research and development activities to increase the application scope of gadolinium are expected to offer huge growth opportunity as well as price hikes for this silvery white, malleable and ductile technology metal.

Like many other tech metals (cerium, europium, lanthanum, terbium, yttrium, neodymium, praseodymium and scandium), Gadolinium is also available for physical investors. Electio Invest offers investors the opportunity to purchase, store and sell Gadolinium through its medical basket offering.

This post first appeared on Electioinvests, please read the originial post: here

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Increased Medical Applications Likely to Drive Tech Metal Prices


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