Are you seeking an API that delivers copper rates in PHP? You have to read this!
Chile, Peru, China, the Democratic Republic of the Congo, the United States, Australia, Russia, Zambia, Mexico, and Kazakhstan were the top ten global copper producers in 2020. Chile, by far the world’s top copper producer, is expected to produce 5.7 million metric tons of copper in 2020. Peru is in the second position, with a projected copper mine output of 2.2 million metric tons in the same year. China is the world’s third-largest mining producer of copper. China generated an anticipated 1.7 million metric tons of copper from mines in 2020, which is more than three times less than Chile’s output.
You must have a careful eye on copper prices if you want to be successful in this industry. Paying attention to real-time pricing and fluctuation data will help you determine when the best moment to invest is. As a result, if you’re looking for a way to keep up with these rates in PHP, you should consider using an API.
How Does PHP Function?
PHP (Hypertext Preprocessor) is a general-purpose computer language that may be used to create dynamic and interactive web pages. It was one of the first server-side programming languages to be incorporated into HTML, enabling websites to add functionality without having to access data from separate files. Its use has risen over time as a result of continuous updates that add new features and broaden its capabilities.
What Exactly Is An API?
A device that connects two computers or applications is known as an Application Programming Interface (API). This may be used to obtain any type of data. There are several sites and APIs to choose from, but keep in mind that not all of them operate or give the same information.
PHP is not used by all APIs, but Metals-API. It’s one of the most commonly used and comprehensive APIs for precious metals prices, to assist you in making better investment selections. Metal prices, both current and historical, will be presented. Price volatility data may also be used to investigate pricing fluctuations.
To obtain your API key, follow the steps below:
- You may obtain an API key by visiting www.metals-API.com.
- Look for the Copper symbol in the website’s symbol collection (XCU).
- Add these metal and currency symbols to the list before using the API. Furthermore, you may select from a choice of programming languages as well as prices such as historical and spot pricing.
- Then and only then should you press the “Run” button.
The following information will be shown by the API:
// set API Endpoint and API key
$endpoint = 'latest';
$access_key = 'API_KEY';
// Initialize CURL:
$ch = curl_init('https://metals-api.com/api/'.$endpoint.'?access_key='.$access_key.'');
curl_setopt($ch, CURLOPT_RETURNTRANSFER, true);
// Store the data:
$json = curl_exec($ch);
curl_close($ch);
// Decode JSON response:
$exchangeRates = json_decode($json, true);
// Access the exchange rate values, e.g. GBP:
echo $exchangeRates['rates']['GBP'];
Why Metals-API
Daily, a big number of developers, small businesses, and major companies visit Metals-API. Over 500 companies, including Barrick Gold and Chainlink, use this API. They may use this tool to ascertain the current worldwide market value of any metal fast and conveniently.
Metals-API is the most dependable source for real-time precious metals rates since it receives data every minute from around 15 trusted data sources, such as financial institutions. Many programming languages, including JSON, Python, and PHP, may be used to create data-driven real-time applications and software. It contains data on more than 170 commodities and currencies.