There are various APIs for learning about metal pricing available online if you are considering investing in Cobalt or any other metal.
Cobalt is a silver-white, hard, shiny, crumbly hard magnetic element, after all. Also, its physical properties are comparable to those of iron and nickel.
Although cobalt is stable in air and is unaffected by water, it is susceptible to acid assault.
Usage
Moreover, Cobalt is widely utilized in automobile airbags, the chemical sector, strong metals, and corrosion alloys due to its properties.
Finally, cobalt investors and players in the aforementioned industries require real-time cobalt prices. That is, using an API is the most efficient approach to obtain this data.
Furthermore, to access Cobalt historical and fresh data, you’ll need to use an internet API.
Metals-API
Metals-API receives market data prices in a range of formats and frequencies from a variety of trade sources and organizations throughout the world. Even more, commercial sources are preferred since they better reflect market exchange, especially for large currencies and commodities.
How to Get Started
1- First, create an account and obtain an API Key; keep this code secure as it is required to make an API call. Please do not share your Key; each user is unique.
2- Second, you must be familiar with the symbols you will employ. They can be found here.
Cobalt is abbreviated as LCO
Indeed, Metals-API offers a diverse selection of precious metals and currencies from around the world.
3- Finally, copy your API access key and run it.
Fluctuation Endpoint
Furthermore, you may get information about how currencies vary on a daily basis by using the Metals-API API’s fluctuation endpoint. Simply input a start date and end date, then select which currencies (symbols) you want to query the API for to use this feature. Nevertheless, keep in mind that the maximum term is 365 days.
API Request:
https://www.metals-api.com/api/fluctuation ? access_key = API_KEY & start_date = 2015-12-01 & end_date = 2015-12-24
API Response:
{
"success":true,
"fluctuation":true,
"start_date":"2018-02-25",
"end_date":"2018-02-26",
"base":"EUR",
"rates":{
"USD":{
"start_rate":1.228952,
"end_rate":1.232735,
"change":0.0038,
"change_pct":0.3078
},
"JPY":{
"start_rate":131.587611,
"end_rate":131.651142,
"change":0.0635,
"change_pct":0.0483
},
[...]
}
}
Precision
For instance, the system assigns unique priority to each data source in order to reach the highest level of coverage and accuracy.
Certainly, this helps to avoid inconsistencies and provides accurate spot conversion rates to six decimal places for the vast majority of currencies.
Key Features
- Get institutional-quality real-time precious metal prices via an extraordinarily simple API by using a dependable metals pricing API trusted by hundreds of industry companies.
- The real-time price of gold, silver and other metals may be easily linked into spreadsheets, websites, mobile apps, and other commercial applications.
- Reduce the time it takes for apps that are dependent on precious metal prices to reach the market.
- You might be able to manage the issues and complications of old feeds by using cloud APIs.
Advantages
- Periodicity in real time, history, and a tick-by-tick API
- Real-time pricing of precious and base metals
- The platinum group metals and base metals prices are updated in real-time.
- API usage graphs from the past and present.
- Spot and anticipated prices for gold, silver, palladium, and platinum throughout history
Also published on Medium.