Are you looking for an API that will provide you with the most up-to-date iron ore price information? This is something you should take the time to read!
Iron ores are rocks and minerals that can be mined for metallic iron economically. The ores, which range in hue from dark grey to bright yellow to deep purple to rusty red, are rich in iron oxides. Iron ore is most commonly used to make steel (98 percent). The remaining 2% is used for many other things, including:
Paint, printing ink, plastics, and cosmetics all include powdered iron (e.g., eye shadow).
Baked enamel finishes on automobiles and appliances, artist colors, laundry blue, paper dyeing, fertilizer.
Iron blue—in paints, printing ink, plastics, cosmetics, artist colors, laundry blue, and paper dyeing radioactive iron (iron 59)—for medicine and as a tracer element in biochemical and metallurgical research
The iron ore’s values are changing every time and there are a lot of sources that give values for this metal. For this reason, you need a tool that carefully gives you the information from the most recognizable institutions. Furthermore, if you want to decide the best moment to invest in this metal, you need to be updated about the changes from hour to hour. This tool is an API.
It’s a software application that enables two programs on different computers to interact with one another. Data is sent to a server from a mobile phone that is linked to the internet. Data is recorded, reviewed, and the necessary security safeguards are done before being sent back to your phone. The data is subsequently analyzed and presented by the computer.
Metals-API is a good choice if you require the most up-to-date prices. It’s the newest API for this purpose, and it supports a variety of metals and currencies. It collects and updates all key data from the world’s biggest financial institutions every minute. It provides data on metal price movements.
To get started, follow these steps:
- You may obtain an API key by visiting www.metals-API.com.
- Lookup a list of iron ore symbols (IRON) and currency indicators on the internet to choose the one you want.
- Once you’ve added metal and money to the list of symbols, make the API call.
- As far as coding languages go, you have the option of using JSON or PHP.
It will seem as follows:
{
"success": true,
"timestamp": 1519296206,
"base": "IRON",
"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?
One of the most exact and trustworthy API tools available is Metals-API. It collects data from about 15 trustworthy sources per minute. Banks and financial data companies are examples of these companies. As a result, you’ll have a precise estimate.
Bitcoin and Litecoin are only two of the over 170 currencies, commodities, and cryptocurrencies accepted. The JSON API (JavaScript Object Notation) replaces the requirement for each piece of software to write its specialized code to communicate with servers that utilize a certain format.