Do you want to see Magnesium’s prices in real-time? Read this article!
Magnesium is a solid that is a gleaming gray color. It is the third most commonly utilized metal in building (after iron and aluminum). Nearly 70% of the magnesium in the world is used to manufacture alloys, which have a low density, a high strength-to-weight ratio, and machinability. High-pressure die-cast magnesium alloys are frequently used in car components such as steering wheel cores, gearbox casings, dashboard frames, and radiator supports.
Magnesium alloy is used in the construction of several high-performance automobiles, as well as camera casings. This component is also used in the manufacture of metal beverage cans. It’s employed in the production of high-strength steel for major structures like skyscrapers and bridges. It’s also utilized in the titanium industry.
If you wish to invest in this material, you must keep up with the latest market values. And you must make the finest decisions if you want to save time, money, and effort. You need to be aware of the current Magnesium prices. As a result, using an API to manage information for your organization is a viable option.
But, What is an API?
An Application Programming Interface (API) is software that acts as a bridge between two programs on separate devices. When you use an internet-connected mobile phone app, it sends data to a server. The server then gathers this data, analyzes it, makes the necessary actions, and sends it back to your phone. The computer then analyzes the data and presents it to you in an easy-to-understand manner.
If you need metal’s prices at real time, we recommend to you Metals-API. It is the most updated API for this purpose and you have a large variety of metals and currencies to choose. It update in a frequency of 1 minute, and collects all values information from the most recognizable financieral institutions.
The procedure for signing up is simple:
- At www.metals-API.com, you may create an API key.
- In your favorite money, look for Magnesium.
- Add metal and money to the list before performing the API call by using these symbols. A programming language and a pricing range can also be chosen.
- You must press the “run” button to finish the mission. The API will appear on your screen.
{
"success": true,
"timestamp": 1519296206,
"base": "MG",
"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 is Metals-API the better one?
Metals-API can provide an API with real-time precious metals data with an accuracy of two decimal points. Only a few of the options offered include delivering Precious Metals exchange rates, converting specific currencies, and giving Time-Series and Fluctuation data. All the data is provided in different programming languages such as JSON, php, and Python.
