Are you in the lithium business? Are you worried about the constant changes in the prices of this metal? Well, in this article, we will offer you an API that will serve as an alarm for this type of situation. It is the best API for metal prices.
Lithium is a soft, silvery-white alkali metal that is highly reactive in the presence of water and oxygen. It is the lightest of the metals, has a low melting point, and has the highest heat capacity of any element. Lithium comes from a few types of sources, including pegmatite, spodumene, amblygonite, lepidolite, petalite deposits, alkaline brine lakes, etc. It is a very important metal today and in the future, as many scientists say that in the coming decades, it will be more important than oil.
It is most commonly used in cell phone and car batteries, but when it comes from spodumene, due to its structure, it can be used in ceramics and as a fluxing agent. Lithium is also used as a coolant in some nuclear reactors, in lubricating grease, air conditioners, glass, medicines, and much more. Argentina, Bolivia, and Chile have 85% of the world’s lithium reserves and for this reason, these three countries make up the lithium triangle.
These are some of its uses, but it is estimated that new scientific discoveries will be made in the coming years. As a result of this, the price of lithium does not stop growing. This is good for lithium producers but bad for those who use lithium in their industry. However, the price of lithium could also go down. It is best to be alert to the price to know when is the best time to invest in this metal. We recommend you use the Metals-API service, which will be very helpful.
Why Metals-API?
Metals-API started as a simple and lightweight open source API for current and historical precious metal rates published by banks or other financial institutions. Thanks to this service, you will be able to obtain lithium prices in real time with a precision of 2 decimal places and a frequency of 60 seconds. For example, if the price of lithium is changing, it will only take you 60 seconds to find out. Capabilities include delivering exchange rates for Precious Metals, converting single currencies, returning Time-Series data, fluctuation data, and the lowest and highest price of any day.
How much does this service cost?
There are 2 answers to your question. First, Metals-API is free but with some limitations. This plan is only recommended for entrepreneurs with low needs. But, if these limitations are detrimental to your business or industry, in that case, we recommend you purchase an annual payment plan (yes, it is a payment per year). If that’s not enough, Metals-API also offers custom enterprise pricing for unlimited requests. Currently, more than 200,000 major customers such as multinational companies have already expressed their satisfaction in using this API.
Any questions? The customer service team is always online from 9 am to 6 pm (GMT+1). Urgent requests are usually handled within minutes.
Also published on Medium.