Would you like to know the best strategy to find lithium prices? Well, we have excellent news for you, since we will offer you an unmissable strategy to obtain prices of metals such as lithium. Wanna know more? Keep reading!
In recent years, lithium has become relevant because in the technology market its demand is growing and increasing every year. Lithium has the ability to store energy, which is why it is mainly used in batteries for computers, cell phones and tablets. Also for renewable energy infrastructure (such as wind or photovoltaic parks). In addition, it is used in the system of electric cars so that they can move and its salts are used in antidepressant medications. The technological demand increases and with it the search to satisfy it. Lithium is an element that has been mainly used in the technological and nuclear industries.
From 2010 to the present, its production of electric batteries increased. The United States Geological Survey recorded that the use of lithium in the production of electric batteries increased from 23% (2010) to 56% (2019) worldwide. Lithium batteries are seen as a replacement for fossil fuels, which is important in the debate on the energy transition: some claim that it is the way to it, and others, that it is only the continuation of the extractive accumulation model of the mining industry. The automotive industry has been one of the most interested in promoting electric car projects that use lithium-ion batteries. Hence, companies such as Tesla, Honda, Mitsubishi, Nissan, Ford, and Toyota, among others, are the ones that have set their sights on lithium.
In case you have an industry that requires lithium, you surely want to know the best strategy to know the live prices of lithium. And in that case, Metals-API will be the best option for your business.
Why Metals-API?
As current and historical precious and non-precious metal rates published by banks or other financial organizations, Metals-API began as a straightforward and lightweight open source API. The London Metal Exchange (LME) and the New York Mercantile Exchange are a couple of these sources (NYMEX). You will be able to learn the prices of metals like gold, silver, lithium, steel, aluminum, and obviously, lithium, thanks to this technology. These prices will be supplied every 60 seconds with a 2 decimal place precision.
The JSON (JavaScript Object Notation) format, which is frequently used to send data in web applications, is also utilized. Also, C Language, PHP, and Python are also available.
How much does using this service cost?
There are 8 plans available, 1 of which is no-cost, while the other 7 involve a one-time annual fee. The no-cost option offers benefits and drawbacks. If these drawbacks are inconvenient for your needs, we advise acquiring a premium subscription. Additionally, the connection to the Metals-API API is protected using bank-grade 256-bit SSL Encryption, so you don’t need to be concerned about your bank information or your credit or debit card number.
Prices start at $49 (yes, prices are in USD) with the iron plan and then you will have plans named after precious metals. The best plan is the palladium at almost $5,000. Of course, this latest plan is intended for entrepreneurs with larger budgets.
Any inquiries? The customer assistance team is available 24 hours a day, GMT+1, from 9 am to 6 pm.
Also published on Medium.