Do you live in the UK? Do you have any battery industry that needs to buy lithium? Well, surely, you want to get these prices in British pounds, not in dollars or euros. Fortunately, this service will solve your problems.
In recent years, lithium has acquired a key role in the energy transition, as it has various qualities that allow it to store renewable energy efficiently and can be adapted to different designs. Many scientists and businessmen call it “the new oil” or “the gold of the future”. The growing electric car industry, which requires lithium batteries, has fueled demand. The European Union, for example, approved that in 2035, it will no longer be possible to buy more cars that run on diesel or gasoline, so electric cars will be purchased as the only alternative. Which will encourage the use of lithium.
Another sector linked to its applications in the pharmaceutical sector since its salts (in limited quantities) are used in the treatment of certain mental conditions such as bipolar disorder and depression. Also, lithium can be used especially in heat-conducting alloys, in the manufacture of airplanes, cell phones, computers, digital cameras, electric cars and solar cells. In general, this metal is located mainly in brines or salt flats, although it can also be found in oil wells, geothermal fields, within rocks or clays. Argentina, Bolivia and Chile have 85% of the world’s lithium reserves.
Clearly, this is the metal of the future, which will be very important to the UK. Many brands (especially car companies) need to obtain lithium to meet the demand of the British population. For this reason, it is best to use an API that provides you with prices in British pounds. Fortunately, Metals-API will fulfill this role.
Why Metals-API?
This service is an API (Application Programming Interface), and its purpose is to enable data interchange between two independent software components. Its name says it all. It was developed to make it simple and accessible for investors, traders, and anybody else interested in buying, selling, or exchanging metals to view prices.
Currently, a wide range of metals like gold, silver, lithium, aluminum, copper, platinum, etc. is compatible with it. Since it comes from reliable sources like the London Metal Exchange, the information is accurate to the last detail. The greatest LME historical rates API, in fact. Whatever you wish can be used as the currency, even the British pound.
How is Metals-API used?
1. To begin, go to www.metals-API.com and click “get API key”.
2. The option to register and select a plan will then be available on the main screen. There are seven in all, one of which is uncharged. Prices range from $10 to $1,200 each year, depending on the requirements of your company. The more you pay, the better benefits. For example, you will be able to update prices faster and you will be able to do it more times.
3. Next, choose British Pound and Lithium Symbols.
4. Make the API call once you have finished the previous steps.
The programming languages JSON, PHP, C Language and Python are available.
Also published on Medium.