Are you searching for a way to get LME nickel spot prices? Check this API!
Nickel is regarded as one of the most valuable metals. It’s a glossy silvery-white metallic element. This element’s most useful property is in the creation of currency. It’s used to make wires. Because it can sustain high temperatures and resist corrosion, it’s used in gas turbines and rocket engines.
This metal is in high demand by many industries and the price is likely to rise in the next months. As a result, keeping track of nickel pricing is critical if you wish to invest in this market. Finding a website, application, or software that gives this type of information in real-time is getting increasingly challenging. However, you can use an API to gain access to it. You will be able to evaluate the industry based on prices and discover how it has changed over time using this technology.
An Application Programming Interface (API) is the ideal technology for staying up to speed on metal pricing (API). Besides, API provides data from the London Metal Market (LME), the world’s largest exchange for industrial metals.
But, What Is An API?
An API allows you to send and receive requests in real-time. API acts as a go-between for you and the service provider. In simple terms, an API acts as a middleman between two computers that need to communicate in order to complete a task.
If you’re not sure where to start, Metals-API is the best place to start because it’s the most complete source of real-time LME Nickel spot pricing. You will save money and time by using this tool.
Follow these steps to get LME Nickel spot prices:
- Go to www.metals-API.com and get your API key.
- In the website’s list, look for the LME Nickel symbol and currency sign you want to use.
- Use these symbols to add metal and money to the list, then make the API call.
- You can use JSON, Python, or PHP as your programming language.
As a result, the following will be the final result:
{
"success": true,
"timestamp": 1519296206,
"base": "LME-NI",
"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,
[...]
}
}
About Metals-API
Investors, traders, and anybody else interested in buying, selling, or trading metals will find Metals-API highly useful because it allows them to quickly and easily discover current global market prices for any metal. Furthermore, this software obtains data from approximately 15 reliable data sources per minute. Banks and financial entities supply prices. This shows that the data is really accurate.
You will receive all data in real-time and be able to incorporate it into an application or software because it is available in numerous programming languages such as JSON, Python, and PHP.
Metals-API has a search engine for finding current pricing data streams for a certain component or element combination. Metal prices are derived from a variety of sources, including Bloomberg and Reuters.
Also published on Medium.