Yterbium is named for the Swedish village of Ytterby and was discovered in 1878. Ytterbium is found along with the other rare-earth minerals principally in monazite and bastnasite. The metal is isolated using ion exchange and solvent extraction methods. Ytterbium, like the other rare-earth metals, has a bright silver luster and is malleable and ductile. There are few practical applications for its use.