Does your Japanese company need aluminum? Would you like to see the prices of this metal in yen? If your answer is “yes”, you should check the information in this article.
Aluminum is a chemical element found naturally on the surface of the Earth. It is the most abundant metal since it constitutes about 8% of the crust of our planet. It is very versatile and for this reason it is currently the second most used metal after steel. In addition to this, it stands out for its resistance to corrosion, thermal and electrical conductivity, reflectivity and, above all, its recyclability.
In the chemical industry, aluminum and its alloys are used to make tubes, containers and devices. In terms of transportation, they are very useful for building planes, wagons, railways, and automobiles. Due to its conductivity, it is used in kitchen utensils and in internal combustion engine pistons. And there is no reason to forget the famous aluminum foil! Other uses are flexible wrappers, bottles and cans.
Today, in a move towards a more sustainable economy, Japanese beverage sellers are swapping plastic bottles for aluminum cans, as these have a longer shelf life. In this way, they fight against marine plastic pollution. Anyway, as it is such a useful metal, it is important for every Japanese businessman to be up to date with prices.
For this, we will use an API to view aluminum prices in Japanese Yen.
Metals-API is a great tool for investors, traders, and anyone else interested in buying, selling, or trading metals (aluminum in this case). Thanks to its system, you can obtain current worldwide market values for any metal fast and from the comfort of your computer. The API comes in JSON and PHP formats and it can be used for a wide range of programming projects.
By the way, Metals-API can provide current prices since it collects reliable data from a range of sources, including the London Metal Market (the world’s largest industrial metals exchange) and the European Central Bank. And with this, you will be able to decide the optimal moment to invest in the aluminum business.
Lastly, you will be able to see the prices in more than 170 currencies from all over the world, clearly including the Japanese Yen.
Also published on Medium.