Do you want to know how to obtain lead historical rates? Then try using an API!
But first, let talk about lead and its importance. This is a soft metal that has a low melting point, is simple to form, and does not corrode quickly, making it highly useful. It’s also abundant and easy to extract. Nonetheless, while lead, like many other metals, is dense, ductile, and malleable, some of its properties are not “metallic.”
Some of its most common uses are:
- Since the Roman era, it has been employed in paints and pipes as a corrosion-resistant metal.
- It is a frequent component in automobile batteries and a critical component in lead-acid batteries.
- It’s used to solder electrical equipment components.
In 2019, China accounted for 46.7 percent of global lead mining output, while the United States accounted for 6%. In that year, worldwide lead output was estimated to be at 4.5 million metric tons. Australia was a big producer too, with 9.6% of the global production of lead being theirs.
With this, you can definitely see that this metal is highly important on the worldwide market. This makes it a product that changes constantly, so it can be hard to stay updated on different types of rates every hour. For this, we highly recommend using an API, which is an interface that collects data from a place and then provides it to the person who made the request.
How To Get An API
This technology is used by many companies in the world and there are a lot of softwares online that provide you with it. However, not every single one of them works the same way so you should be careful while choosing since a wrong move can make you lose time and money.
It’s very important to notice that not all APIs can offer you historical rates. These are old prices of a specific commodity that help you to see how the market behaved at a particular time and date. While studying the past, you can predict what will happen in the future.
Because of this and to explain to you better how APIs work, we suggest you use Metals-API, a free web API that gives rates for a variety of metals in a variety of currencies. We believe this is the most complete one at the present, and we strongly advise you to use it if you want to know lead historical rates.
To get the information, you have to:
1. Sign up for your unique API key at www.metals-API.com.
2. On the website’s list, look for the lead symbol and the currency sign you want to use.
3. Using these symbols, add metal and money to the list, then perform the API call. You may also select a programming language and different sorts of rates.
4. Most currencies’ historical rates are accessible all the way back to 2019. By attaching a date (format YYYY-MM-DD) to the basic URL, you may query the Metals-API API for historical rates.
The request should look something like this:
https://metals-api.com/api/2013-12-24 ? access_key = API_KEY & base = GBP & symbols = USD,CAD,EUR
And the result like this:
{
"success": true,
"historical": true,
"date": "2013-12-24",
"timestamp": 1387929599,
"base": "GBP",
"rates": {
"USD": 1.636492,
"EUR": 1.196476,
"CAD": 1.739516
}
}
How Accurate is this?
It is 100% reliable and accurate. Metals-API collects data from about 15 reliable data sources every minute. Banks and financial data providers are among them. As a result, you will receive incredibly precise pricing. It also calculates the market value of precious metals such as gold, silver, aluminum, platinum, and palladium. The website’s data may be utilized in a variety of places, including spreadsheets, other websites, and mobile apps.
Also published on Medium.