Are you from England, Wales, Scotland or Northern Ireland? Do you need rhodium prices? If that is your case, we recommend reading this informative article.
Rhodium is a chemical element with a metallic silvery-white appearance with atomic number 45. Its symbol is Rh, belongs to the group of transition metals and its usual state in nature is solid. Properties of this kind ok metals, among which is rhodium, are its high hardness, having high boiling and melting points and being good conductors of electricity and heat.
It is mainly used in alloys with palladium or platinum for thermocouples for the measurement of high temperatures, resistances of electric furnaces and as an additive for fiberglass. It is also used as an electrolytic coating for other metals and in the finishing processes for jewelry and silverware. In addition, it has uses as a catalyst for example in the production of nitric acid and as a black pigment for ceramics.
Despite not being as well-known as gold, silver or platinum, rhodium is the most expensive element of all. However, being up to date with its prices is very important, since it is a very economically unstable metal. For example, between March 2020 and March 2021, its price increased by 400%. But to date, its price has already dropped by 56%. This is very serious for those British industries that need rhodium and for the entrepreneurs who invest in this metal.
Luckily, Metals-API will serve as an alarm for these situations of price change.
Use Metals-API!
This API provides real-time precious metals data (like rhodium) with two decimal places of precision and an update rate of up to 60 seconds. Sometimes price changes happen within a few minutes, so this feature is great for staying vigilant and avoiding catastrophes. Metals-API collects data from some of the world’s most famous financial institutions, such as the London Metal Exchange, which is very famous throughout the UK. Thanks to these characteristics, it currently has more than 200,000 satisfied customers, among which are Barrick Gold, Metex, Glencore, Changelly, etc.
Besides, you should know that the prices are offered in the currency that you like the most or the official currency of your country, the British Pound in your case. This is thanks to the fact that its system has more than 170 currencies from all over the world, so the conversions are automatic.
One more thing, Metals-API includes an API documentation packed with simple instructions and code examples, allowing quick implementation at any level.
