Europium oxide is now widely used as a phosphor activator and europium-activated yttrium vanadate is in commercial use as the red phosphor in color TV tubes. Europium-doped plastic has been used as a laser material. With the development of ion-exchange techniques and special processes, the cost of the metal has been greatly reduced in recent years. Natural europium contains two stable isotopes. Thirty five other radioactive isotopes and isomers are known.
Europium is one of the rarest and most costly of the rare-earth metals.