Are you seeking hourly cobalt prices? In this article, you will get all the information!
Reductive smelting produces a hard, glossy silver-gray metal as the free element. Lithium-ion batteries and magnetic, wear-resistant, and high-strength alloys are among the most common uses for cobalt.
Although most cobalt in batteries was used in mobile devices in 2018, rechargeable batteries for electric automobiles are a relatively recent application for cobalt. This industry’s need for cobalt has surged fivefold, necessitating the urgent search for additional raw materials in more stable parts of the globe. As the number of electric vehicles on the road grows, demand is projected to stay the same or rise.
If your business utilizes cobalt, keeping up with market prices is critical for these reasons. To accomplish so, you’ll need the right tools, which in this case is an API. It’s a software that enables two programs on different computers to interact with one other. Data is sent to a server from a mobile phone that is linked to the internet. Data is taken, reviewed, and necessary security measures are done before being sent back to your phone. The data is subsequently analyzed and presented by the computer.
If you need the most up-to-date prices, Metals-API is a suitable option. It’s the most recent API for this purpose, and it works with a wide variety of metals and currencies. Every minute, it collects and updates all important data from the world’s top financial institutions. It gives information on metal price fluctuations.
To get started, follow these steps:
- An API key will be provided by www.metals-API.com.
- Lookup a list of cobalt symbols (LCO) and currency indicators on the internet to get the one you desire.
- Once you’ve added metal and currency to the list of symbols, make the API call.
- As a programmer, you have the option of using JSON or PHP.
It will look like this:
{
"success": true,
"timestamp": 1519296206,
"base": "LCO",
"date": "2018-09-10",
"rates": {
"AUD": 1.566015,
"CAD": 1.560132,
"CHF": 1.154727,
"CNY": 7.827874,
"GBP": 0.882047,
"JPY": 132.360679,
"USD": 1.23396,
[...]
}
}
Why Metals-API?
You can keep track of the most recent precious metals prices by visiting an industry-standard website that has been serving clients and the financial community for years. Hourly cobalt, silver, and other metal price quotations from some sources (including Bloomberg, Reuters, and others) are available on their vast website, as well as delayed futures and options pricing.
The live price stream is updated every 2 seconds in real-time, guaranteeing that you have access to the most up-to-date data. This API is adaptable, allowing you to access data in whichever way works best for you, making it suitable for a wide range of applications.