Looking for an API to get Lithium prices? Surely, you would like to use the best API in the market to get metal rates. Well, luckily for you, here in this post you will find the answer.
Lithium is a silvery-white, chemically reactive metallic element, the lightest in weight of all metals, and with a low melting point. Its symbol on the periodic table is Li. It is a strongly electropositive element, which gives it great power of reactivity against chemical agents. Furthermore, it is a moderately abundant element and is present in the earth’s crust at 65 parts per million (ppm). It is present in a wide range of minerals (approximately 145 mineralogical species contain it), but only some have economic value. In general, lithium extraction from brine sources has proven to be more profitable than production from hard rock ore (pegmatite), due to lower production costs.
In recent years, the security of lithium supply has become a priority for technology companies in the United States and Asia. Currently, the demand for lithium continues to grow and for this reason, more and more money is being invested in its extraction. For this reason, strategic alliances between technology companies and exploration companies continue to be established to guarantee a reliable and diversified supply of lithium for battery suppliers and vehicle manufacturers.
The largest producers of world lithium are the 3 countries belonging to the lithium triangle, that is, Argentina, Chile, and Bolivia. It is estimated that they have 85% of the world’s lithium reserves on the entire planet. To obtain the prices of “white gold” or “the metal of the future”, there are many commodity exchanges specialized in metals, but we will offer you a better alternative. It is the best API for metal prices and its name is Metals-API.
Use Metals-API, the best API for metals!
Metals-API started as a simple and lightweight open source API for current and historical metals rates published by banks or other financial institutions. If you wonder what their sources of information are, you should know that their sources are the most famous in the world, such as the London Metal Exchange (LME) or the New York Mercantile Exchange (NYMEX). In fact, Metals-API is the best LME prices API.
Another fact to know is that lithium prices are obtained in real time with a precision of 2 decimal places and a frequency of 60 seconds. As lithium rises in price so quickly, being vigilant with prices is very important to avoid losing money.
How much does this service cost?
This service has 7 plans, of which 6 are with annual payments, but 1 is free (the free version has some limitations). Each plan has its pros and cons, so choose carefully. We recommend that you access the website and click on the “pricing” section. There you will find the differences between each plan. If that’s not enough, Metals-API also offers custom enterprise pricing for unlimited requests.
If you have a question, customer service is online from 9 am to 6 pm (GMT+1). Just submit a contact form or email and the team will be with you shortly. Urgent requests are usually handled within minutes.
Also published on Medium.