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Iodine is a non-metallic element essential for various industrial applications, primarily in the production of iodinated compounds, antiseptics, and pharmaceuticals. It plays a crucial role in the manufacturing of contrast agents for medical imaging and is also used in the food industry as a nutrient supplement. Economically, iodine is significant due to its demand in healthcare and agriculture, driving its production and trade globally.
Source: United States Geological Survey Mineral Resources Program
See also: Mineral commodity prices