Do you want to use an API that could give you lithium prices in seconds? You should try Metals-API.
With rising and consistent demand coming from the international new energy markets, the next ten years will be crucial for the lithium market’s development. Lithium demand is still increasing due to the popularity of electric vehicles, but this rapid growth is putting a strain on the market’s capacity to increase supply.
Many different types of investors have solid reasons to be interested in lithium stocks due to the rising demand for battery metals.
Experienced metals investors who want to look beyond silver and gold are getting involved, and debates about rising consumer demand for electric cars (EVs) and government measures for developing EV infrastructure are luring new investors into the market.
Whatever the motivation, prior to purchasing lithium stocks, it is crucial to familiarize yourself with the lithium market. Here is a quick rundown of some of the fundamentals.
Where is lithium mined?
Lithium is a soft, silver-white metal used in ceramics, lubricants, grease, and heat-resistant glass, among other things. Additionally, lithium is used in lithium-ion batteries, which are used to power EVs, laptops, and other electronic devices. This industry is a major driver of lithium demand.
Hard-rock deposits, evaporated brines, and clay deposits all around the world contain lithium. Although there is significant debate over the best sort of deposit, every option comes with compromises.
The Greenbushes mine in Australia is the largest hard-rock mine in the world, and salars in Chile and Argentina provide the majority of the world’s lithium brine. The “lithium triangle,” which includes Chile, Argentina, and Bolivia, contains the majority of substantial lithium reserves. In 2021, Australia once again topped the list of lithium producers worldwide, followed by Chile and China.
Technical grade versus battery grade?
There are numerous varieties of lithium products available. Although battery-grade lithium carbonate and lithium hydroxide are substantially more expensive, they are utilized to create lithium-ion batteries, which are used in ceramics, glass, and other industrial applications. In an emergency, these lithium items can also be employed for technical purposes.
If you want to try the best lithium prices API you need to check out Metals-API.
Why do we recommend Metals-API?
The Metals-API may deliver real-time precious metals data through API at a frequency as high as every 60 seconds, with an accuracy of two decimal places.
Providing exchange rates for precious metals, currency conversions, time-series data, volatility statistics, and the lowest and highest prices of any particular day are a few of the features.
How Does It Work?
It is simple to use. Now all you have to do is adhere to the guidelines listed below:
- Create a profile.
- Produce an API Key
- Choose the desired metal and currency.
- Make an API Request, then wait for the system to respond with an API.
Is The Website Secure?
Banks and financial information providers, such as the European Central Bank, are where Metals-API gets its currency data from. Bank-grade 256-bit SSL encryption is used to encrypt your connection to the API.
Also published on Medium.