Are you looking for Rhenium rates in USD? This article is for you!
Rhenium is a heavy transition metal that is silvery gray. It is mostly derived as a by-product of molybdenum and copper ore extraction and processing. The oxidation state of rhenium varies hugely in its compounds.
Combustion chambers, turbine blades, and exhaust nozzles of jet engines are made of nickel-based superalloys of rhenium. Because these alloys contain up to 6% rhenium, jet engines are the element’s most common use. The second most significant application is as a catalyst: rhenium is a good hydrogenation and isomerization catalyst, and it is employed in the catalytic reforming of naphtha for use in gasoline, for example.
Rhenium has a very fluctuating level of prices due to changes in offer and demand. It is costly due to its limited supply compared to demand, with prices hitting an all-time high of US$4,800 per pound in 2008/2009. The price of rhenium has reduced to US$1,290 per pound as of July 2018, due to increased rhenium recycling and a decrease in demand for rhenium in catalysts.
For these reasons, entering into the Rhenium market can be a difficult, but it’s not impossible if you have the right tools, especially in USD. You need to use an API which is an interface that connects two devices and send information between them. And there are many of them online, but only Metals-API has the currency and metals information at any time.
What is Metals-API?
It is an Application Programming Interface. Metals-API collects real-time precious metals data that is accurate to two decimal places and updated every 60 seconds. Delivering Precious Metals exchange rates, converting particular currencies, and providing Time-Series and Fluctuation data are just a few of the choices available. Using the tools provided, any number may be translated between currencies, metals, and currencies such as Rhenium, gold, and magnesium, for example.
Any number may be converted between currencies, metals, and currencies such as bronze, silver, and uranium using the tools provided. All metals rates must be divided by one if the US dollar is used as the base currency. The values returned are in the currency of the base currency.
To subscribe it is very easy:
- Enter www.metals-API.com to acquire an API key.
- Look for Rhenium in the currency of your choice (USD, in this case).
- Use these symbols to add metal and money to the list before performing the API call. In addition, you may choose a programming language and a pricing range.
- You must press the “run” button to finish the mission. The API will appear on your screen.
It will show like this:
{
"success": true,
"timestamp": 1519296206,
"base": "RHENIUM",
"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,
[...]
}
}
See more: Use API To Get Palladium Rates In USD