Would you like to discover the tin prices in the Japanese currency? If your answer is “YES”, we recommend you read this informative article that we prepared for you.
Tin is a metallic element found in group 14 of the periodic table, located between indium and antimony. Its atomic number is equal to 50, it has an atomic mass of 118.71 units, and it is represented by the chemical symbol Sn, short for the Latin “Stannum”. It is a scarce metal, since it is the 49th most abundant element in the earth’s crust, comprising 0.0002% of the geological structure.
The corrosion resistance of tin is essential to protect iron, steel, lead or zinc materials. Most of the tin production is used to make different alloys. For example, tin-lead alloys are used as solders in electrical circuits. On the other hand, tin-iron alloys are used to make food preservation cans. Other tin compounds are exploited in the creation of fungicides, pigments, toothpastes, among other products.
Being a rare metal on the planet, its price is high. In fact, its price per ton has almost doubled since last year, causing a real headache for Japanese industrialists. As a result of all the above, it is vital to be constantly updated with the price of tin. Fortunately, there is a tool or better known as “API”, which is responsible for providing the prices of metals. Its name is “Metals-API“.
Why should you use Metals-API?
It provides customers with current and historical precious metals values, from banks and other prestigious financial companies. It gathers data from the most reliable sources throughout the world like LME (London Metal Exchange). This service includes precious metals exchange rates, currency conversion, Time-Series data, volatility statistics, and the lowest and highest prices of the day.
Another aspect is that you can see real-time tin data with a precision of 2 decimal points and a frequency of up to 60 seconds.
Can I see the prices in Japanese Yen?
Of course! Not only Japanese currency, but also that of hundreds of countries in the world.
If you have any questions, there is a very complete documentation on its website, to inform you of every detail. If you don’t have the time or interest to read a long article, you can use the Quick start tool to go faster and test the API directly.
Also published on Medium.