Do you need rhodium? Would you like to know what is its current price in Qatar currency? If that is your case, we recommend you read the following post!
Rhodium is a noble transition metal that resists oxidation, strong bases and acids very well. It has a silvery white hue, good ductility, malleability and inertness under normal conditions. Likewise, it is usually a thermal and electrical conductor, in addition to having a high melting point and a stable mineral hardness. Its symbol in the periodic table is RH.
Rhodium is used as an activating agent to increase the hardness of platinum and palladium, and to improve their resistance to corrosion. The resulting alloys have important industrial uses, in furnace coils, electrical equipment, advanced laboratory equipment, laboratory crucibles, bushings for fiberglass production, thermocouple elements, and electrodes for aircraft spark plugs. In addition, it is also used in jewelry.
Despite being a very useful metal industrially speaking, it is also the most expensive mineral in the world, even surpassing gold. In fact, it is 9 times more expensive than gold. However, not all are good news. Since 2021, its price has been falling and there is no certainty of what could happen. For this reason, we need to be up to date with the price of rhodium.
To find out the best time to buy or invest, we will use the Metals-API.
What is Metals-API?
Metals-API provides customers with current and historical precious metals values, including rhodium of course. This service includes precious metals exchange rates, currency conversion, Time-Series data, volatility statistics, and the lowest and highest prices of the day. The best aspect is that pricing are in 170 currencies of the whole world, like Qatari Riyal in your case. It can also offer real-time precious metals data with a precision of 2 decimal points and a frequency of up to 60 seconds.
Thanks to all this, you will be able to choose the best time to buy rhodium.
1 –Visit its website: www.metals-api.com/
2 – Click on “Get an API key”.
3 – Create an account and select an available plan.
4 – Choose the “rhodium” and “Qatari riyal” symbols.
5 – Make the API call.
Remember that each plan has its limitations, so make sure you choose well based on your needs.
Also published on Medium.