Do you live in Canada and need to stock up on rhenium? Would you like to get prices from the London Metal Exchange (LME)? If this is your current situation, we have news to tell you. We offer you the best tool for LME historical rates API.
Rhenium is a very valuable but rare metal that is rarely found in a pure state in nature. It is characterized by its high hardness and heat resistance; in fact, rhenium has the third highest melting temperature of any element (3186°C). It also has the highest boiling point (5,596°C), high density (21.03 g/cm³), extraordinary resistance to corrosion, and is a good conductor of electricity and heat. It is represented in the periodic table with the symbol “Re” and its atomic number is 75.
Most of the rhenium produced in the world is used for the development of super alloys, which are used to make turbine blades for aircraft engines and industrial gas turbines. A second use of rhenium is for the catalysis of platinum in the petroleum industry, which allows high-octane lead-free gasoline to be produced. Finally, rhenium is used in the manufacture of electrical contact points, heating parts, rocket engine parts and, increasingly, in medical supplies and procedures (cancer treatment), jewelry, among other applications.
If you want to get the price of rhenium, one of the most famous financial institutions is the London Metal Exchange (LME). It is the world’s largest market in standardized forward contracts, futures contracts and options on base metals. The LME currently has a turnover of more than US$8.5 billion annually. However, there is a better alternative. Thanks to the Metals-API service, you will be able to obtain metal prices quickly and easily.
Why should you use the Metals-API service?
If what you are looking for are updated prices of all the metals in the market such as gold, silver, lithium or rhenium, Metals-API is the right option. This service is so fast and precise, that it obtains the rates with a precision of 2 decimal places and a frequency of up to every 60 seconds.
But quick information is useless if it is not obtained from reliable sources. Luckily, Metals-API gets data from 16 of the world’s most trusted and secure sources; one of them is the London Metal Exchange (LME). Clients such as Chainlink, Metex or Barrick Gold certify its reliability.
Another interesting fact, you will be able to see the prices between 170 currencies from all over the world. This is good news for those Canadian entrepreneurs who prefer to see prices in their local currency (Canadian dollar) and not in the currency of their neighbor to the south, the US dollar.
As for the prices to use this system, you have 2 options. The first option is to use the free plan (with some limitations on its service) or pay for an annual plan (which offers unmissable benefits).
Issues? If you have any questions, this service has a virtual chat on its website (always online from 9 am to 6 pm (GMT+1)) or directly, send an email to [email protected]. Urgent requests are usually handled within minutes.
Also published on Medium.