Alchemy posed as a sacred science, whereas chemistry came into its own when substances had shed their sacred attributes.

Mircea Eliade The Forge and the Crucible: The Origins and Structure of Alchemy
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About Mircea Eliade

Mircea Eliade (13 March 1907 {O.S. 28 February} – 22 April 1986) was a Romanian historian of religion, fiction writer, philosopher, and professor at the University of Chicago. His most enduring and influential contribution to religious studies was possibly his theory of Eternal Return, which holds that myths and rituals do not simply record or imitate hierophanies, but, at least to the minds of the religious, actually participate in them.

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Additional quotes by Mircea Eliade

"Man becomes aware of the sacred because it itself, shows itself, as something wholly different from the profane. [...] The modern Occidental experiences a certain uneasiness before many manifestations of the sacred. He finds it difficult to accept the fact that, for many human beings, the sacred can be manifested in stones or trees, for example. But as we shall soon see, what is involved is not a veneration of the stone in itself, a cult of the tree in itself. The sacred tree, the sacred stone are not adored as stone or tree; they are worshiped precisely because they are hierophanies, because they show something that is no longer stone or tree but the sacred, the "ganz andere". [...]
It is impossible to overemphasize the paradox represented by every hierophany, even the most elementary. By manifesting the sacred, any object becomes something else, yet it continues to remain itself, for it continues to participate in its surrounding cosmic milieu. A sacred stone remains a stone; apparently (or, more precisely, from the profane point of view), nothing distinguishes it from all other stones. But for those to whom a stone reveals itself as sacred, its immediate reality is transmuted into a supernatural reality. In other words, for those who have a religious experience all nature is capable of revealing itself as cosmic sacrality. The, cosmos in its entirety can become a hierophany."