Do you want to invest in the Euro but do not know how? Would you be interested in starting in renewable batteries? Lithium is the main source of them, learn more about industrial metals and their trade in this post!
Lithium It’s an alkali metal best recognized for its widespread usage in lithium batteries, which are used in a variety of electronic products. Manufacturing heat-resistant glass and ceramics, high-performance alloys for airplanes, and lubricating greases are among the other industrial applications.
A very popular use lately is lithium-ion (Li-ion) battery is a high-performance battery that employs lithium ions as a significant component of its electrochemistry. Lithium atoms in the anode are ionized and separated from their electrons during a discharge cycle.
In 2021, lithium mines are expected to generate a total of 100,000 metric tons of lithium, marking a high in lithium production output. This is a huge rise over 2010, when just 28,100 metric tons were produced.
Europe only has one lithium mine, in Portugal, and imports now provide the vast bulk of its demands. Around 87 percent of the EU’s unrefined lithium comes from Australia, with the balance coming from Portugal, while Chile, the United States, and Russia produce 78 percent, 8%, and 4%, respectively.
Portugal is thought to be home to some of Europe’s largest lithium reserves. Despite complaints from environmental organizations who claim the mines would destroy the countryside, its government is set to begin issuing lithium mining permits next year. Due to all these factors, we recommend these platforms that works through an API:
Metals-API
Metals-API is a modest and straightforward API that displays current and historical precious metals prices. With a 2 decimal point precision and a frequency of every 60 seconds, the Metals-API API may provide real-time precious metals data through API. Metals-API is built on a solid back-end architecture that ensures high availability and response times of less than 50 milliseconds for specific API requests. All of these features include delivering Precious Metals exchange rates, converting single currencies, and giving Time-Series and Fluctuation data.
Kitco
Kitco began in 1995 as a precious metals price tracker and bullion retailer, providing industry-leading news, statistics, and data. Every day, millions of people visit Kitco.com, according to data. Kitco has a global audience, with millions of people using our websites, apps, and social media platforms to access our content.
Xignite
Xignite, founded in 2000, aims to make financial and market data more accessible. It establishes a strong connection with the vision and technology of digital transformation in financial services, but without fully trusting them and their obsolete local infrastructure. Furthermore, the site will enable these financial entities to solve problems using new technology. This platform’s applications will be moved to the cloud in order to take advantage of cost savings and time-to-market benefits.
Gold-API
The website Gold-API has been up and running since 1968. It is used to acquire real-time pricing and statistics on precious metals in various kilos and carats. The website is known for its simple design. You can choose to have all of the currencies. Its usage does not necessitate the use of credit cards, and it offers two types of plans: a free one and a premium plan for $50 per month.