The psychical properties do no change the composition of the lithium metal.
The chemical properties will change the composition of the lithium producing other substances.
light enough to float on water - physical property
silvery gray in color - physical property
changes from silvery gray to black when placed in moist air - chemical property
(in air the lithium will react with the oxygen forming the oxide which have a black color)
can be cut with a sharp knife - physical property
in the liquid state, it boils at 1317 °C - physical property
reacts violently with chlorine to form a white solid - chemical property
in the liquid state, it reacts spontaneously with its glass container, producing a hole in the container - chemical property
burns in oxygen with a bright red flame - chemical property