Do you need lithium for your business or company? Would you like to find out the prices but do not know where to look for them? Then today is your lucky day! We have the solution to your problems.
Lithium, the lightest metal in the Periodic Table, was discovered in 1817. More than 200 years later, it managed to become the exclusive protagonist of the current technological revolution based on its usefulness for the development of batteries for mobile devices such as cell phones, tablets and laptops. In addition, lithium is a key mineral in the manufacture of more efficient, cleaner and lighter energy storage systems and gave a vital impetus to the appearance of hybrid and electric vehicles. It is one of the metals of the future of humanity.
Many specialists consider it the “white gold” or the “gold of the 21st century”, a hopeful alternative to replace polluting fuels and excellent news for the countries of the lithium triangle. In fact, the salt flats of Argentina, Bolivia and Chile concentrate 85% of the planet’s easily extracted lithium reserves. However, not all is good news for this metal. If there is a metal that has notably increased its price, it is lithium.
The evolution of the value of lithium in international markets is constantly changing. 15 years ago the price per ton was around US$1,500. Between 2018 and 2019, the price range was between US$10,000 and US$15,000 per ton. Currently, its price is 59,200 dollars due to the continuous increase in demand from manufacturers of lithium batteries. As long as lithium production does not increase, its international prices will remain high. This explains the importance of being up to date with prices. To be alert, we recommend using the Metals-API service.
Use Metals-API!
This impressive system started as a simple and lightweight open source API for current and historical metal rates published by banks or other financial institutions. Metals-API specializes in delivering metal data (such as lithium in your case) in real time with an accuracy of 2 decimal points and a frequency of 60 seconds (depending on the plan you clearly choose). This way you will be able to keep up with lithium prices and know when is the best time to invest in this metal of the future.
Another important feature is the ability to view prices in the currency of your choice. No matter what country you are from, there is a good chance that currency is included in the system.
How much does it cost?
You will surely be surprised with the answer! Using Metals-API is free! (but with some limitations). It all depends on your needs, if you don’t need to update the lithium price so often, surely the free plan will work for you. But you can also pay for a payment plan, which ranges from $10 to $1,000 per year (not monthly). Each has its pros and cons, so choose carefully. We recommend that you go to its website and click on the “pricing” section. There you will find the differences between each option. If that’s not enough, it also offers custom enterprise pricing for unlimited requests.
Is it safe?
The connection to the Metals-API is encrypted using bank-grade 256-bit SSL Encryption. In other words, your personal and bank details are very well protected.
Also published on Medium.