Thulium occurs in small quantities along with other rare earths in a number of minerals.
Thulium is the least abundant of the rare earth elements, but with new sources recently discovered, it is now considered to be about as rare as silver, gold, or cadmium. Ion-exchange and solvent extraction techniques have recently permitted much easier separation of the rare earths, with much lower costs. Thulium can be isolated by reduction of the oxide with lanthanum metal or by calcium reduction of a closed container. The element is silver-gray, soft, malleable, and ductile, and can be cut with a knife. Twenty five isotopes are known, with atomic masses ranging from 152 to 176.