Do you need to obtain tungsten rates in USD? Then use an API!
Tungsten, often known as wolfram, is a chemical element with the atomic number 74 and the symbol W. It is a rare metal that occurs almost exclusively in nature in combinations with other metals. It was identified as a new element in 1781 and isolated for the first time as a metal in 1783. Among its important ores are scheelite and wolframite, the latter of which gives the element its other name.
The free element is renowned for its toughness, owing to the fact that it has the highest melting point of any known element other than carbon (which sublimes at normal pressure). Polycrystalline tungsten is an intrinsically brittle and hard material (when uncombined under normal conditions), making it difficult to work with. In contrast, pure single-crystalline tungsten is more ductile and can be cut with a hard-steel hacksaw.
China produced the most tungsten in 2020, at roughly 69,000 metric tons, compared to around 4,300 metric tons produced in Vietnam in the same year. Russia came in second with 2,200 metric tons in 2020, followed by Bolivia with 1,400.
This data release describes roughly 100 U.S. sites, which comprise mineral areas and deposits with tungsten resources or previous production totaling more than 215 metric tons (approximately the top 10 percent of U.S. tungsten deposits). The data will help the geoscience and mineral exploration communities, as well as federal and state authorities and the private sector, advance the United States closer to essential resource independence.
With all of this in mind, you’re more than likely interested in investing in this product while keeping current on the costs. Because this can be problematic, we highly advise using an API. This is a user interface for getting and delivering data from the internet to the person who requested it.
More About APIs
APIs are utilized in a variety of applications throughout the world, including by some of the most well-known websites and social media platforms. It has a wide range of uses, making it particularly useful when rapid and precise information is required.
To utilize one, you must first find software that can do so. There are a myriad of them on the internet, and each one may provide you with unique facts. As a result, you must use prudence in your decision-making to avoid wasting your time with an unpleasant meeting.
Metals-API, one of the most well-known and comprehensive APIs for precious metals pricing, is suggested for obtaining access to Tungsten prices in USD. You can watch precious metal spot prices, metal charts, and real-time metal prices and quotations from across the world using interactive features.
To make use of it, you must perform the following:
- At www.metals-API.com, you may generate your own API key.
- Look for the Tungsten symbol (TUNGSTEN) and the United States Dollars one (USD).
- Before concluding the API call, use these symbols to add metal and money to the list. You may also choose a programming language and a price range.
- Finally, you hit the “run” button, and you’re done! The API will be displayed on your screen.
This is how the finished result will appear:
{
"success": true,
"timestamp": 1519296206,
"base": "TUNGSTEN",
"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,
[...]
}
}
How Accurate Is This?
It is completely accurate and dependable. Each minute, Metals-API receives data from around 15 credible data sources. Banks and financial data providers are among them. As a result, you will receive incredibly precise pricing. Metals-API is in charge of calculating the market value of precious metals including gold, silver, aluminum, platinum, and palladium. The website’s information may be used in spreadsheets, other websites, and mobile apps, among other places.
Also published on Medium.