If you’re looking to get Lithium historical and current rates from COMEX, this article may interest you!
About the Lithium Market
As for its characteristics, Lithium is a soft, silvery-white alkali metal with atomic number 3 and the symbol Li. The main sources of lithium are underground lithium-containing brine reservoirs and lithium-containing rock, such as spodumene. The lithium market is segmented by type, application, end-user industry, and geography.
With the emergent fuel prices across the world and increasing pollution levels in the environment, many countries across the globe have started investing in lithium-ion technology which is used as a substitute for conventional fuel vehicles in the market. As a result of lesser manufacturing costs and high-performance delivery, lithium batteries are considered to be the best choice in modern electric vehicles. With growing applications of lithium batteries in aerospace and military operations, the market is considered to grow in the forecasted period.
About COMEX
COMEX is a subsidiary of the Chicago Mercantile Exchange, it is based in Manhattan’s World Financial Center (CME) and is the world’s most liquid metals market.
It’s important to keep in mind that the COMEX doesn’t sell precious metals. As part of the contract conditions, the seller makes these available. Short sellers who do not have metals to deliver must close their positions at the end of the trading day. Some metals such as gold, must be in an authorised depository for a short that goes to delivery.
In order to have access to COMEX rates, it is vital to have the right tools at hand in order to collect data. We highly advise using an API that gives current copper pricing as well as historical rates that include COMEX data for this purpose.
Why Metals-API?
APIs are absolutely necessary in today’s digitalized world. The APIs allows application developers create multimedia applications more easily than without them. This can be used with computer graphics, machine vision and bioinformatics. Many online companies use APIs to integrate their services into other sites or software
Metals-API is a simple API that provides data on a wide range of metals, from copper to gold to palladium to HRC steel. You may also track the value of these metals in over 170 currencies, like USD, EUR, and BTC. It gathers information from reliable banks and financial institutions. Furthermore, both small and major organizations, such as the multinational Barrick Gold, use it.
This platform is the best for those investors, traders and anyone else interested in buying, selling or trading metals. With Metals-API you can quickly and efficiently discover current world market prices for metals, including the one in this article, uranium. Prices are up-to-date from 16 trusted data sources including London Metal Exchange, banks and financial data providers. In fact, Metals-API is the best LME prices API service.
To use this service, you just need to:
- Register
- Select the metal symbol (uranium)
- Choose the currency you’re looking for.
If you have any questions, you can send an email to the following address: [email protected]. If not, you can enter its website and send a message through the available virtual chat. Always online from 9 am to 6 pm (GMT+1). Urgent requests are usually handled within minutes.
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Also published on Medium.