Are you trying to find a way to get LME Copper live prices? Then you should use an API!
To begin with, copper is mostly used in electrical equipment such as lines and motors. This is owing to the fact that it may be drawn into wires and transfers heat and electricity well. Buildings (for example, roofing and plumbing) and industrial machinery both use it (such as heat exchangers).
This information demonstrates how important copper is in a variety of industries. That’s why if you want to invest in this industry or make financial decisions, you should stay current with the prices in order to know when is the best time to invest in it and know when the price is going to increase or decrease.
Using an Application Programming Interface (API) is the ideal technology for staying up to speed on metal pricing. The London Metal Market (LME), the world’s largest exchange for industrial metals, is one of the sources of data available through this API.
How Does API Work?
API functions as a go-between for any two machines that need to communicate to perform a task. You can submit and receive requests through an API, which acts as a conduit between you and the service provider.
It’s difficult to find software, an application, or a website that provides data in real-time these days, and in some cases, you will spend a lot of time and money. As a result, the best solution is using Metals-API, which is the most comprehensive method of gathering LME Copper live prices.
To obtain LME Copper live prices, follow these steps:
- Get your API key from www.metals-API.com.
- In the website’s list, look for the LME Copper (LME-XCU) symbol and currency sign you want to use.
- Use these symbols to add metal and money to the list, then make the API call.
- You have the option of using JSON or PHP as a programming language.
As a result, the final result will be presented as follows:
{
"success": true,
"timestamp": 1519296206,
"base": "LME-XCU",
"date": "2018-09-10",
"rates": {
"AUD": 1.566015,
"CAD": 1.560132,
"CHF": 1.154727,
"CNY": 7.827874,
"GBP": 0.882047,
"JPY": 132.360679,
"USD": 1.23396,
[...]
}
}
Why Metals-API?
It is the most comprehensive tool for investors, traders, and anyone else interested in buying, selling, or trading metals since it allows you to quickly and easily find current global market prices for any metal (including Copper and gold). Additionally, Metals-API software gathers data from approximately 15 reliable data sources every minute. Among them are banks and financial data providers. As a result, you’ll get a very exact price.
Metals-API comes with a dedicated search-engine for locating current pricing data streams for certain components or combinations of elements. The API is available in JSON and PHP and can be utilized for a variety of programming tasks.
Also published on Medium.