Do you wish to know how to get antimony prices? You should try with an API. In this article, we’ll explain how to get the better one.
Antimony is classified as a semimetal. It is silvery, rigid, and brittle in its metallic state. It uses in the electronics sector to manufacture things like infrared detectors and diodes. To increase hardness and strength, it is alloyed with lead or other metals. Batteries have a lead-antimony alloy. Antimony alloys are also used as type metal (in printing machines), bullets, and cable sheathing.
Flame retardant materials, paints, enamels, glass, and ceramics are all made with antimony compounds. Nonetheless, antimony is a rare element that may be found in trace amounts in over 100 mineral types. It is also discovered as a native metal.
The worldwide antimony ore and concentrate market were finally on the increase in 2021, reaching $2.3 billion for the first time since 2018, putting a stop to a two-year decreasing trend. However, consumption failed to regain speed between 2013 and 2021.
China was the country with the highest consumption of antimony ore and concentrate (345K tonnes), accounting for 60% of the total volume. Furthermore, China’s use of antimony ore and focus more than tripled that of the second-largest consumer, Russia (108K tonnes). Tajikistan (43K tonnes) was third in overall consumption, accounting for 7.4 percent of total usage.
From 2007 through 2021, China’s average yearly volume growth rate was -6.1 percent. Russia (+19.4 percent per year) and Tajikistan (+18.6 percent per year) were the remaining consuming countries with the highest average annual rates of demand growth.
As you’ll see, it’s a pretty active market. If you want to invest in this metal, you need to understand antimony pricing. Not only are current prices shown, but historical values as well, allowing you to monitor and analyze the variables influencing the value of your metal. To do this, you must use an API.
What Is An API?
An API is a technology that enables one device in one location to transmit data to another or more devices in another location. You may view videos and share them with your followers. It is conceivable if the API answer is included in the design of a website or app.
Metals trading is only viable if you have access to up-to-date data. As a consequence, to choose the optimal moment to invest, they must stay up to date on its price and market activities. To obtain this information, we propose using the Metals-API service.
About Metals-API
Metals-API is the finest API on the market (Application Programming Interface). Many precious metals, including antimony, lithium, gold, platinum, palladium, copper, and silver, are utilized in its system. All of this with up-to-date data and updates in less than a minute!
That is, you will be able to determine the best moment to purchase this metal based on its features. For example, Metals-API will provide data from the preceding 19 years, such as the information that palladium prices declined 17.12 percent in 2021. This type of knowledge might save you a lot of time and money.