Volatile Water

Volatile Water is the new Eternal Water or Primal Water of Cataclysm.

Source
It is sometimes found while mining Elementium. It is sometimes fished up from fishing pools in Cataclysm zones.

Volatile Water can be placed into Leatherworking, Engineering, Mining, and Enchanting bags, as well as unrestricted bags.

Alchemy

 * Transmute: Truegold

Blacksmithing

 * Cold-Forged Shank
 * Lifeforce Hammer
 * Ornate Pyrium Belt
 * Ornate Pyrium Boots
 * Ornate Pyrium Bracers
 * Ornate Pyrium Breastplate
 * Ornate Pyrium Gauntlets
 * Ornate Pyrium Helm
 * Ornate Pyrium Legguards
 * Ornate Pyrium Shoulders

Inscription

 * Dungeoneering Guide

Jewelcrafting

 * Brazen Elementium Medallion
 * Entwined Elementium Choker
 * Jeweler's Sapphire Monocle

Leatherworking

 * Draconic Embossment - Intellect
 * Lightning Lash
 * Bloodied Dragonscale Belt
 * Bloodied Dragonscale Helm
 * Bloodied Leather Belt
 * Bloodied Leather Helm
 * Bloodied Scale Legs
 * Bloodied Scale Shoulders
 * Bloodied Wyrmhide Chest
 * Bloodied Wyrmhide Shoulders
 * Cloak of Beasts
 * Razor-Edged Cloak
 * Twilight Leg Armor

Tailoring

 * Darkglow Embroidery
 * Dreamcloth
 * Emberfire Belt
 * Emberfire Boots
 * Emberfire Bracers
 * Emberfire Cowl
 * Emberfire Gloves
 * Emberfire Pants
 * Emberfire Robe
 * Emberfire Shoulders
 * Fireweave Boots
 * Ghostly Spellthread
 * Spiritmend Cowl
 * Spiritmend Shoulders