Did you know you could invest in zinc? Are you entering the world of the stock market? Read this post to learn how to use an API that gives you updated prices!
Zinc is a metal that, while not technically speaking, is classed as a transition metal because of its similarities to magnesium and beryllium, as well as the elements in their group. They’re mostly used to prevent rust in galvanized steel, zinc casting casting alloys, and copper-based alloys like brass. Zinc is also required for the development of a wide range of creatures, both animal and plant.
Apart from brass, zinc is required for a variety of alloys, including nickel silver, aluzinc, virenium, bronze, cupro-nickel-zinc, and tombac. Its corrosion resistance makes it an important component of the molecular structure of metallic products as nails, wires, and tubes. In 2021, approximately 13.7 million metric tons of refined zinc metal were produced worldwide. China is one of the world’s largest producers of zinc.
Due to the large industrial production of zinc, economic experts have had this product in their sights in order to measure movements in the stock market. We recommend the use of the Metals-API platform.
What Is Metals-API?
Metals-API gathers market data prices from a range of trade sources and organizations all around the world in a variety of formats and frequencies. Commercial sources, particularly for major currencies and commodities, are also recommended since they give a more realistic reflection of market exchange rates.
Simple Use
This platform has the singularity of being very easy to use. To achieve this, you must follow a series of instructions:
- Create an account in Metals-API
- Select the metals and currencies that fit your search.
- Send an API request to the website, with the metals you want to use in the symbol field and the base currency you want to use in the base currency field.
Safety
Metals-API obtains currency data from financial data providers and institutions, including the European Central Bank. The connection is secure to the level of a bank since it is protected using bank-grade 256-bit SSL encryption.
Enrollment Benefits
The Metals-API package includes unrestricted access to a team of experts that are exclusively committed to supporting you with any issues or problems you may have during the development or use of the API. If you’re still not sure whether or not the Metals-API API is right for you, check out the following resources:
- Features & Plans
- Sales & Customer
- Service for API Documentation