Do you need an API with nickel rates but can’t find it in tonnes? This post will be very useful to you.
Since the United States stated that it will no longer import nickel from Russia, the price of this metal has risen significantly in recent weeks. Experts have cautioned that the United States’ reliance on foreign supply of battery metals such as nickel might jeopardize national security. The omission of battery metals from energy restrictions may highlight the risk of reliance on other nations for them as the US transitions to greener kinds of energy, such as electric vehicles.
In a conclusion, you should stay current on industry advances so that you don’t miss out on opportunities to profit from selecting the best answer for you. If you’re thinking about investing in nickel or if the nickel price affects your firm, the easiest way to decide is to look at pricing data throughout time and observe how it’s changed. You can utilize an API to accomplish this.
What Is An API?
API is an abbreviation for Application Programming Interface. What does it mean? It is software that connects and transports data between two or more devices. It is frequently used in online banking and social networking sites.
There are various APIs accessible on the internet that provide metal information; nevertheless, obtaining good rate data may be problematic. Not all of them, unfortunately, send rates in tonnes. For nickel rates in tonnes, we recommend Metals-API.
The steps outlined below will assist you in developing your business:
- On the website, www.metals-API.com, obtain an API key.
- Following that, you’ll discover a slew of metal and currency symbols. Select the NI (Nickel) symbol and the currency sign.
- Once you’ve decided on them, use these symbols to add metal and currency to the list before finishing the API call. You may also specify the programming language and the pricing range. You may choose between JSON, PHP, and Python.
- Then all you have to do is select the “run” button and you’re finished! The API will appear on your screen.
- This API, on the other hand, will offer rates in troy ounces. Multiply the Metals-API rate by 3.11035e-5 to convert kilograms to tonnes. After that, you will be able to receive the desired cost.
Why Metals-API
Metals-API is a simple API that provides data on a wide range of metals, from a nickel to gold to palladium to HRC steel. Furthermore, you can watch the values of these metals in over 170 currencies, including USD, EUR, and BTC. It collects data from well-known banks and financial firms. Additionally, both small and large organizations, such as the multinational Barrick Gold, use it.
This API provides real-time precious metals data with a 2 decimal point precision and a frequency of up to 60 seconds. You can use current and historical prices to compare indicators and choose the greatest time to invest. Metals-API may also be used to monitor fluctuation data for this purpose.