With this Metals API, you can explore the possibilities of investing in Atlantic Lithium’s share price. Keep reading to know how to do it!
The Australian business Atlantic Lithium intends to begin production at its Ewoyaa project in Ghana. This will happen in the second part of 2024. This mine will be the first lithium mine in the country.
The mining and exploration company, which also has lithium holdings in Côte d’Ivoire, estimates that throughout the project’s 12.5-year life, profits might total $5 billion. In its revenue growth report for 2022, the exploration and development business with an emphasis on Africa reveals its deal with Piedmont Lithium. As a consequence, Atlantic Lithium would be able to use its $103 million tiered profit to pay for its manufacture.
The pre-feasibility study for the project, which was released last week, projected annual output of 2 million tonnes, an early rate of return of 224%, and a payback time of fewer than five months. A revised assessment will be made available early in 2023.
Actual Situation
It is also essential to remember that further drilling strives to increase the resource. According to Atlantic Lithium, the project’s mining license application will be submitted on the next occasion. The company was listed on the Australian Stock Exchange four years after discovering Ghana’s first economically viable lithium mine less than a kilometer from its main highway.
Ghana has long tried to diversify its exports despite being well-known for producing both gold and cocoa. According to Atlantic Lithium, formerly IronRidge Resources, extracting the metal from the batteries might be a component of the solution.
The price of the cheapest metal has increased by more than $70,000 a tonne this year. This is the effect of major automakers trying to secure a larger supply by switching manufacturing from fossil fuel-burning engines to electric automobiles.
To focus on producing battery metal, a vital part of the batteries that power electric automobiles and high-tech devices, IronRidge altered its name and divided its gold assets into a new firm late this year.
Apply An API
As you can see, there are lots of chances for this metal to grow soon in a variety of sectors. Consumers need this material everywhere on the planet. We should consider the fact that several traders worldwide are monitoring the movement of the price of this item for this purpose. They don’t always locate trustworthy vendors with precise rates, though.
Or they must do a thorough evaluation of all websites to determine which one is providing real-time information. Therefore, we aim to provide Metals-API as a potential solution to this issue. This API constantly refreshes data on different metals. Below is a sort of reaction to it:
Why Metals-API?
Due to its tremendous usefulness, Metals-API is among the most popular in the world. However, the past performance also aids buyers in gaining a far more thorough understanding of the health of the industry.
This creates the circumstances for higher investing results. Additionally, it gathers data from esteemed financial institutions that deal with metals, such as LBMA. Because of this, we refer to it as an LBMA rates API. Additionally, you may include it in your website or app using the programming language you frequently use.