In this article, we’ll explain how to get platinum futures prices using an API.
In these times of economic instability and rising costs, it is prudent to explore investing in lesser-known precious metals such as platinum. Its density and stability are highly appreciated.
As a result, it is critical in medical, transportation, electronics, and other fields. It is anti-allergenic, non-rusting, and recognized in adverse weather conditions. Platinum, on the other side, is approximately 40% more costly than white gold.
Without a question, the hydrogen economy, and particularly the technology connected to green hydrogen produced from renewable power, is gaining traction, with some estimating that it may cover up to 25% of the world’s energy demands.
Following that, it has the potential to become a $10 trillion accessible market by 2050. The long-term impact of planned green hydrogen initiatives on world platinum consumption is undeniably significant.
By 2030, the current EU and China green hydrogen generating capacity plans would require more than 300 oz of platinum. More crucially, as the hydrogen economy increases, it will make battery-powered electric vehicles more accessible produced from gasoline.
The expansion of this market has the potential to generate substantial demand for platinum, laying the groundwork for platinum as a long-term store of value, with platinum use estimated to approach 1.5 oz per year by 2030.
Use An API
As you can see, the extraction of this metal in the next period can open the door to important business. However, due to the geopolitical situation, prices are changing quite dynamically every day. For this reason, although one wants to exploit new businesses, one must be cautious. This is why it will serve you well to buy platinum futures contracts.
These prescribe a price and a settlement date in the future to affect the sale. This way you can ensure that you will buy the metal at a certain price no matter what value the metal is at that time. There are many futures contracts for this metal around the world so it is convenient for you to use an API
This interface constantly updates the information on this market. To understand real-time and future prices and to be able to take into account all available options, you can try Metals-API. It receives information from the most reliable markets.
Why Metals-API?
As you can see, the extraction of this metal in the next period can open the door to important business. However, due to the geopolitical situation, prices are changing quite dynamically every day. For this reason, although one wants to exploit new businesses, one must be cautious. This is why it will serve you well to buy platinum futures contracts.
These prescribe a price and a settlement date in the future to affect the sale. This way you can ensure that you will buy the metal at a certain price no matter what value the metal is at that time. There are many futures contracts for this metal around the world so it is convenient for you to use an API.
This interface constantly updates the information on this market. To understand real-time and future prices and to be able to take into account all available options, you can try Metals-API. It receives information from the most reliable markets. It’s an LBMA rates API.