Do you want to acquire free data on rhodium fluctuation? There is an API that may interest you!
We’re talking about the world’s most valuable precious metal, which only a few people are aware of today. Rhodium is a platinum-family transition metal. This rare element can sometimes be in platinum mines in South Africa and Russia. It is mostly useful to minimize harmful emissions in automobile gasoline catalysts. In addition, it is a major actor in the space sector.
It was news four years ago that the price of this precious metal had climbed by 265 per cent. It is forecast to climb more, according to market analysts. This problem is inextricably linked to the European Union’s ambition to reduce greenhouse gas emissions in collaboration with other countries. To keep decreasing pollutants, more rhodium will be necessary.
The metal is crucial for reducing nitrous oxide emissions, which is one of the major issues raised by the new, more emission regulations control legislation. That is one of the main factors that impact its price. The rhodium market is incomparably volatile. The automobile sector is already progressively rising in recent years due to a drop in its manufacturing volume and high demand. As a result, we’re going to recommend a free API to give you an update on a daily basis:
Metals-API to follow fluctuation rhodium data
You can get information on price fluctuations with this API and its free package, which has an average response time of one hour. This subscription has a 50 API call limit. You will have to pay if your activity necessitates an increase in the number of API calls, but don’t worry, they have some reasonably priced packages.
This API also provides information on how currencies vary every 24 hours. To utilize this functionality, you must specify a start and end date, as well as which symbols correspond to the currency for which you want to query the API.
If you are concerned about quality, you’ll see the reliability of Metals-API in the diversity of its data. It obtains information from 16 sources simultaneously and allows extensive corroboration with this API. This software receives around 25,000 million queries per day.
It also has the ability to compute the value of over 150 metal values as well as other international currencies.
How can I use Metals-API?
- Register yourself by entering this page: https://metals-api.com/.
- On the home page, look for the symbols that match your search.
- Make an API call to them, specifying the metals you want to use in the symbol field and your chosen currency in the base currency field.
- Wait for the answer. If it’s none, you’ll receive an error code. You can check its meaning on the web page too.
You might want to check:
https://www.thestartupfounder.com/is-there-any-free-api-to-get-metal-rates-in-hong-kong-dollar/.
Also published on Medium.