Would you like to see the prices of your products in your local currency? Generally, internationally speaking, the prices are usually in USD, but with this API, you will be able to see the Zinc prices in the Chinese currency.
Zinc is a metallic chemical element, present in the Periodic Table in group 12, part of the transition metals; its symbol is Zn. It is a silvery or grayish metal, malleable, ductile and moderately hard, so it can be easily rolled and stretched. It is an excellent conductor of heat and electricity but is not ferromagnetic. On the other hand, it is the 23rd most common element in the earth’s crust.
In industries, zinc is widely used, especially in the treatment of other metals, in the form of alloys. Some of the applications of this element are: Galvanizing of iron (to protect it from corrosion), production of brass, containers, watch parts, zinc sheets for roofs and other uses in the construction sector, production of batteries for computers, missiles and space capsules, pharmaceutical input, dietary supplement and other medicinal uses. It is even necessary for life, but its excessive intake can also bring health complications.
In general, it is a material that tends to increase its price, with exceptions, of course. In fact, last year it rose an average of 28% and this year alone, it already has a rise of 15%. This is of great concern to the millions of industries around the world that require Zinc, especially China, the most populous country with the most industries in the world.
To be aware of these price increases, we will need an API to keep us up to date. And it will be Metals-API who will help us.
Metals-API is a fantastic resource for investors, traders, and anybody else interested in buying, selling, or trading metals. Quickly and easily, you can get current global market prices for all the metals of the world, within which Zinc is included. Thanks to this wonderful tool, you can determine the optimal moment to invest in this business.
But not only this, thanks to its excellent currency convertibility system, you will be able to access Zinc prices in Chinese yuan; to the official price obviously. Forget forever about doing mathematical calculations to know how much something costs in a different currency such as the USD.
By the way, Metals-API obtains currency data from financial data providers and banks, including the European Central Bank, Barrick Gold, Metex, London Metal Exchange (LME), Mansour, among others. For any question or inconvenience, the support team is happy to assist any time of the day and any day of the year. That’s a promise!
Also published on Medium.