Do you want to find alternatives to Trading Economics for Indium prices? In this article, we discover the best three.
Indium is a metal used more than anything in recent years. It is a chemical element that is very scarce on earth. It is extracted from mining and then a process is carried out where this metal is recovered from the zinc dust and residue ducts.
Although its use may seem very new, the truth is that it has been used for almost a century. In World War II it was used to coat aircraft engines. Later they alloyed it for different applications in welding and various industries such as electronics. In the 1980s, scientists discovered its enormous potential for developing liquid crystal displays, that is, LCDs.
This metal specifically allows the existence of blue color in LEDs. It is also found in other industries thanks to the properties of indium alloys, such as the glass or dental health market. It is one of the main metals for various industries related to various types of technologies as we mentioned before, and particularly in aerospace.
The Indium Market
Its price generally remains quite high. Probably soon, the country that will become the second largest producer of this type of metal will be Bolivia. At this time the main producer of this metal in China, with more than half of the world’s production.
This is followed by Korea (16%) and Japan. But Bolivia could start a production run of 100 tons per year. In addition, between China and Korea, for example, there is a big difference in total production.
Make Use Of An API
You can see how significant this material is for numerous businesses and how much interest there is in it. Even though the value of indium stays high for the time being, numerous variables are occurring in the world that affects the overall price of all metals, such as delays in international supply chains.
Moreover, this suggests that millions of individuals are simultaneously watching Indian spot and futures contracts. In this regard, it is recommended to communicate an Application programming interface that can communicate current metal prices.
Trading Economics is now one of the most well-known. Nevertheless, several developers have made it challenging to use due to a lack of instruction. As a result, we’ve provided three API alternatives so that you may simply include the most detailed data on the indium.
Metals-API
Metals-API is one of the most detailed resources available online. It will show you price fluctuations, real-time numbers, and historical rates. Not only that, but You can view the pricing of various marketplaces throughout the globe. As a result, it is a COMEX/NYMEX Rates API as well as an LBMA Rates API.
It supports a wide range of computer systems, so you won’t have any trouble implementing it into your webpage. You may also find the values in other foreign currencies and contrast them with other metals.
MetalPriceAPI
MetalPriceAPI offers all kinds of data from international foreign exchange markets. You will find this at the necessary moment, that is, in real-time. You can also see prices from other times in the past.
This API has a particularity and it is that it compares the prices of the API itself with those of others that do not work so well so that you can compare the accuracy and the reliable sources from which it obtains its information to transmit it. You can start testing with any of their plans.
API.Metals.LIVE
API.Metals.LIVE has a large number of prices of various metals in the world. The API is updated every time the metals market opens its doors. It will give you all the necessary values.
You will find a wide range of primary resources in its documentation. Watch information up to 24 hours before. You also have the option of making thousands of requests per month, depending on the plan you choose to subscribe to. Start incorporating the API into your design!