Are you considering putting money into the uranium market? Then you must read this article!
Uranium is a concentrated energy source that is easily available. Uranium atoms may be separated or fissioned to create heat, unlike fossil fuels, which release heat by mixing with oxygen during burning. The heat produced by natural uranium is equivalent to that produced by 20 tonnes of coal. This heat can be converted into steam or power.
It is primarily used as a source of energy in nuclear power reactors. Uranium is utilized for a multitude of applications, including the production of radioisotopes, in addition to providing roughly 14% of the world’s power.
In medicine, radioisotopes are used for diagnosis and research. Radio-diagnosis can be used to diagnose illness by injecting certain radio elements into the human body and tracking their trajectories. Radiotherapy uses ionizing radiation to kill cancer cells, whereas nuclear medicine uses radioactive drugs to target specific organs.
In the food processing industry, they are also used to sterilize fresh foods since irradiation kills parasites, bugs, and pathogens. They are used in the industrial sector to do X-rays. This method is widely used in metallurgy, automobiles, and aeronautics for safety and quality inspection. When space probes are required to function in regions far from the sun, radio-isotopes are the only conceivable technique of creating heat and electricity.
It is difficult, but not impossible, to obtain uranium pricing in euros. Furthermore, not every API will give you the data you seek. As a result, you should have a look at Metals-API.
Why Metals-API?
Metals-API collects market data prices from many trading sources and organizations throughout the world in a variety of forms and frequencies. Commercial sources are given a larger weighting since they better reflect market exchange, particularly for major currencies and commodities. As a result, you can keep an eye on market price fluctuations and choose the optimum time to buy.
Using the tools offered, any quantity may be translated between currencies and metals. It has a large selection of currencies and metals from which you may get the data you need to make the best investment decision.
Signing up is simple:
- You may get an API key by going to www.metals-API.com.
- You may find a variety of uranium symbols (URANIUM) and currency indicators on the internet.
- Once metal and money have been added to the list of symbols, make the API call.
- The two coding languages accessible are JSON and PHP.
The API request will show like this:
https://www.metals-api.com/api/fluctuation ? access_key = API_KEY & start_date = 2015-12-01 & end_date = 2015-12-24
And this is the API response:
{
"success":true,
"fluctuation":true,
"start_date":"2018-02-25",
"end_date":"2018-02-26",
"base":"URANIUM",
"rates":{
"USD":{
"start_rate":1.228952,
"end_rate":1.232735,
"change":0.0038,
"change_pct":0.3078
},
"JPY":{
"start_rate":131.587611,
"end_rate":131.651142,
"change":0.0635,
"change_pct":0.0483
},
[...]
}
}