Do you need to obtain the lithium rates in the SPOT market? Well, with this wonderful API, you can do it! It is a new digital platform, considered the best API for metal prices.
Lithium (Li) is an alkaline, metallic, diamagnetic but highly reactive chemical element that oxidizes rapidly in air or water. In its pure form it is a soft, silvery-white, extremely light metal that is not found in a free state in nature. It is an element similar to sodium, moderately abundant on our planet, especially in volcanic routes or salt flats (85% of its reserves are found in Bolivian, Chilean and Argentine territory). Along with hydrogen and helium, lithium is one of the very first element in the universe, whose creation would respond to the same big bang.
Lithium has the following applications. Compounds such as lithium nitrate, lithium chloride or lithium bromide are highly hygroscopic, that is, they greatly absorb atmospheric humidity, and thus allow the air to be dried in closed compartments. Scrubbers. To remove carbon dioxide from the air, lithium hydroxide is used as a scrubber in submarines and spacecraft. Alloys. It is used in alloys with aluminum, cadmium, copper, and manganese to make ceramics, lenses, and aircraft construction. Battery manufacturing. Its electrochemical potential makes it ideal for the anode (positive pole) of electric batteries.
The problem is that the price of lithium does not stop rising. This is a big problem for those people who decide to buy in the SPOT market (those who buy at the current price, not futures). In this type of situation, we recommend you use the Metals-API service, which will allow you to prevent any change in the price of this valuable metal. It is the best precious metals API.
Why do we recommend you to use Metals-API? What is special about this service?
Metals-API is the world’s most widely used and trusted metals pricing API. This platform works with the most famous commodity exchanges in the world, such as The New York Mercantile Exchange (NYMEX) or the London Metal Exchange (LME), which will certify that the information is 100% accurate and truthful. And don’t worry about the currency, the prices will be displayed in the currency you want, Japanese yen, Chinese yuan, Australian dollars, Mexican pesos, and Brazilian reals, among others. Another characteristic is its speed, lithium prices are delivered with a precision of 2 decimal places and with the possibility of updating the price 1 time per minute. This will allow you to prevent volatility in the metals market.
Currently, 200,000 people have expressed their satisfaction in using this service. Some of its clients are Metex, Mansour, Chainlink, among other companies. Capabilities include delivery of precious metal exchange rates, time series data feedback, fluctuation data, and the lowest and highest price of any day.
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). Urgent requests are usually handled within minutes.