Are you searching for an API that provides you aluminum rates in USD? Here, we’ll explain how to obtain it.
Aluminum is a lightweight, silvery-white metal. It’s soft and flexible. It’s found in cans, foils, cooking utensils, window frames, beer kegs, and airplane components, among other things. This is due to its unique characteristics. It has a low density, is non-toxic, has good thermal conductivity, is corrosion-resistant, and can be cast, machined, and shaped with ease.
This market is very dynamic, it can change in a few months. For example, in December of 2021, the price in American dollars was US$ 2633 but, at the start of 2022, in January it was US$3095. Nonetheless, the price is still lower than in October of 2021, when the price rose to US$ 3148.
For this reason, if you are thinking of investing in the aluminum market you need to compare prices in the global exchange pattern, which means USD, to decide the best moment to invest. For this purpose, it’s necessary to use an API.
But, What Is An API?
An API is an application programming interface that allows two programs on separate devices to connect. Data is sent to a server by a device that is connected to the internet. Data is gathered, evaluated, and the required security processes are completed before being delivered back to your device. The data is subsequently analyzed and presented by the computer.
If you need the most up-to-date USD price, Metals-API is an excellent option. It’s the most recent API for this purpose, and it works with a wide range of metals and currencies. Every minute, it collects and updates all relevant data from the world’s largest financial institutions.
Follow these steps to get started:
- Visit www.metals-API.com to obtain an API key.
- On the website, you can find aluminum symbols (ALU) and currency indicators.
- Make the API request once metal and currency have been added to the list of symbols.
- JSON and PHP are the two coding languages available. To begin, press the “run” button.
The following information will be shown:
{
"success": true,
"timestamp": 1519296206,
"base": "ALU",
"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,
[...]
}
}
Why Metals-API?
Metals-API started as a simple, lightweight Open-Source API that gave users access to current and historical precious metals pricing as supplied by banks. With a 2 decimal point precision and a frequency of every 60 seconds, Metals-API can provide real-time precious metals data through API.
All of these features include delivering Precious Metals exchange rates, converting single currencies, giving Time-Series data, fluctuation data, and the lowest and highest price of each day.