Try out this metal prices API to get hourly LME Aluminum prices in Euros for free!
About Metals
Precious metals are among the most precious commodities in the world. Gold, silver, and platinum group metals are the most well-known examples. A valuable metal can be employed in industry or as an investment. Technology, automobile production, industrial manufacturing, and jewelry manufacture are among the principal fields of use.
Aluminum is less dense than other common metals because its density is around one-third that of steel. Automobiles, aircraft, trucks, railway carriages, maritime boats, bicycles, and spacecraft are all made with it in the transportation industry. Cans, foil, and a frame make up the package. Aluminum is also utilized in the construction of buildings and has electrical applications. It’s also present in the casings of computers and other electronic devices. Aluminum may also be found in a wide range of household goods. As a result, this function has been ingrained in our daily routines.
Forecast Metal Prices
If your organization utilizes aluminum, keeping up with market prices is critical. The LME provides cash trading since it provides contracts with daily expiry dates of up to three months from the deal date, weekly contracts of up to six months, and monthly contracts of up to 123 months. To settle contracts, it provides hedging, global reference pricing, and the option of physical delivery.
Pricing for such particular metals may be difficult to find. It is, nevertheless, not impossible. We highly advise you to utilize an API for this. This allows you to receive data from a variety of sources, including the London Metal Market (LME). Many websites utilize it for a variety of reasons, and it may be useful in any situation. In this case, a few mouse clicks might result in LME Aluminum rates in seconds.
How Does This Work?
An API (application programming interface) is a collection of rules that govern how computers and programs communicate with one another. APIs link an application with a web server, allowing data to be transferred between the two.
Many of them are accessible over the internet, albeit not all of them provide the same information. As a consequence, in order to avoid wasting your time with a bad encounter, you must use caution while making decisions.
As a result, we highly advise you to utilize Metals-API, which is quickly becoming one of the most popular and comprehensive APIs for precious metal values. This software may provide you with a range of metals and currencies for use on your website.
Get started with Metals-API
This software uses JSONP callbacks, a responding system that uses an accessible language to reply to your request and tell you whether the information you want is available or not.
To send a request, you’ll need an API key to enter into the API base URL’s access key; this is how the metals-API API authenticates your key. It might look intricate, but it is not that hard.
Once you get the API key, you can request data in different world currencies and metal rates. In addition, depending on your subscription, you can demand historical data rates, data fluctuation between two certain dates, and other features.
READ MORE:
Precious Metals Data Feed: The Best APIs for You – TheStartupFounder.com
Also published on Medium.