Check Lithium Rates From NYMEX With This API

Would you like to be able to get lithium prices from the New York Mercantile Exchange? Well, in that case, there is a service that will surely be very useful to you, since it is the best for New York rates API.

Lithium is a chemical element with symbol Li and atomic number 3. In the periodic table, it is found in group 1, among the alkali elements. In its pure form, it is a soft, silvery-white metal that oxidizes rapidly in air or water. It does not occur as a pure element in nature, but is contained in stable minerals in a variety of hard rock types or in solution in brine bodies within salt lakes, in seawater, or geothermal brines. Furthermore, it is a moderately abundant element and is present in the earth’s crust at 65 parts per million and is considered “white gold”.

For a few years now, lithium has been implemented in the development of various products that have spread in the daily use of most people on the planet. Its most common application is in the manufacture of batteries for cell phones, laptops, digital cameras and electric vehicles. Lithium, in alloy with aluminum and magnesium, strengthens the resistance of these last two elements, while making them lighter. Magnesium and lithium alloys are used, for example, in bulletproof vests and armor. While lithium and aluminum alloys have applications in aeronautics, the manufacture of bicycles and the assembly of high-speed trains.

If you live in New York and want to obtain the prices of this metal that is so important for the future of humanity, the New York Mercantile Exchange (NYMEX) is an excellent option for you. However, we will recommend a tool that will give you the prices of this company in a simpler and faster way. Its name is Metals-API and it is the best precious metals API.

What is Metals-API?

Thousands of developers, SMEs and large corporations throughout the United States (especially New York), use this service. With Metals-API you will be able to find the current prices of the lithium market, with an accuracy of 2 decimal places and updates every 60 seconds. So… yes, it’s a very fast and efficient service.

But in addition, this information is very accurate and secure. To give you an idea, it collects data from 16 reliable sources every minute, including banks (European Central Bank) and financial organizations, such as The New York Mercantile Exchange, the most famous in all of Manhattan.

Does it have any cost?

Although there is a free version, this option is only recommended for those who do not need to update the price of lithium so frequently. But if your business is larger, you may be forced to pay for one of six available plans, each geared toward different needs. Prices range from $10 to $1,200 per year (not monthly).

If you have any questions, don’t worry. In the website you will find a virtual chat, where you can chat with a person from Metals-API, who will kindly answer your concerns.

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Also published on Medium.