Would you like to get lithium rates in 2022? Well, in this article, you will find the solution to your question. This is the metal of the future, so it is very important to be up to date with prices. With this API, you can do it!
Lithium is used to make batteries. These batteries are needed for mobile phones, solar panels and electromobility, that is, electric vehicles. In other words, we are dealing with a valuable mineral, which can bring juicy profits to the States that have reserves and know how to exploit them. Three of the countries with the best prospects for benefiting from this product are in South America, and in fact makeup what has been called the “lithium triangle”. These are Argentina, Bolivia and Chile, which concentrate no less than 85 percent of the world’s known reserves.
The importance of lithium has a lot to do with the rise of renewable energies. Following the 2015 Paris Agreement, countries committed to reducing their use of fossil fuels, and lithium batteries play a central role in that transformation. It is estimated that in the coming years its use will increase exponentially, and as we have seen, the production of the raw material is already a business that moves millions of dollars. In fact, the price continues to grow non-stop, as the demand for lithium is much higher than the supply.
According to the company Bacanora Lithium PLC, the demand for lithium could triple by 2025 and therefore, new mining projects will be necessary to exploit this mineral and meet global demand. With this, it can be deduced that lithium is the metal of the future and will be even more so in the coming decades. If you want to find out the price, we recommend using the Metals-API service, a platform that will allow you to find out the Fluctuation Data Of Lithium.
Use Metals-API!
You are probably wondering, “Why Metals-API?”, “What is so special about it? This service is known to be synonymous with reliability, since the sources that provide it with information are of high quality. Currently, Metals-API works with various financial institutions specializing in metals such as the London Metal Exchange (LME), the Chicago Stock Exchange (CBOT), the New York Mercantile Exchange (NYMEX), etc. Lithium prices will be displayed in dollars, euros, yuan Chinese, Japanese yen, Indian rupees, whatever you want.
Another important feature is that all lithium data is obtained in real time, with a precision of 2 decimal places and a frequency of up to every 60 seconds. Capabilities include delivering exchange rates for Precious Metals, converting single currencies, returning Time-Series data, fluctuation data and lowest and highest price of any day.
“Ok, this is very good but how much does it cost?” There are 2 answers to your question. There is a free version, in which you can access lithium prices without paying anything, but with limitations on use. If this does not work for you, there are also annual payment plans, which will offer you better benefits. Prices for these plans range from $10 to $1,200 per year.
If you have any questions, remember that on the website you will find a manual on the operation of this system. But if there is something you don’t understand, there is a virtual chat, always online from 9 a.m. to 6 p.m. (GMT+1).
Also published on Medium.