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Strontium is a soft, silvery-white metallic element primarily used in the production of fireworks, flares, and certain types of glass and ceramics. It also plays a crucial role in the manufacturing of ferrite magnets and in the medical field for certain imaging techniques. Its economic significance lies in its applications across various industries, contributing to advancements in technology and consumer products.
Source: United States Geological Survey Mineral Resources Program
See also: Mineral commodity prices