Obtain historical and live rates of IRD in Canadian dollars with this API!
Iridium is a strong, long-lasting metal that is often utilized in jewelry and other everyday activities. Because platinum and iridium are so stable, the meter standard is made of them. It is one of the safest and most commonly used elements on the planet.
Iridium metal is used in high-end spark plugs, crucibles for the high-temperature recrystallization of semiconductors, and electrodes for the technique of producing chlorine, all of which require strong corrosion resistance. Because it is abundant in meteorites but exceedingly uncommon in the Earth’s crust, iridium is often thought to be an alien metal.
China, Japan, South Africa, the United Kingdom, and Germany were the most prominent Iridium producers in the latter months of 2021. In fact, South Africa produces at least 80% of all iridium in the earth. It was found in 2020 that iridium can be utilized to establish a method of producing clean hydrogen.
Iridium producers in this country must keep up to date with the prices of this product in the stock market since the rates of any product can move from one day to the next. To do this, they use Metals-API.
Knowing Metals-API
Metals-API is a platform for monetary exchange that is governed through an API, a computer software that makes connections between the web and the web. You can search for 170 types of currencies and precious metal products. Additionally, they have a one-minute search snippet and a precision of two decimal places.
How Does This Work?
An API (application programming interface) is a collection of rules that govern how computers and programs communicate with one another. APIs link an application with a web server, allowing data to be transferred between the two.
Many of them are accessible over the internet, albeit not all of them provide the same information. As a consequence, in order to avoid wasting your time with a bad encounter, you must use caution while making decisions.
More Details on This Tool
Metals-API started out as a basic, lightweight Open-Source API enabling banks to get current and historical precious metals prices. The API can provide real-time precious metals data with a 2 decimal point precision and a frequency of up to 60 seconds through API. Among the features accessible are time-series data, volatility statistics, and the day’s lowest and highest prices, as well as precious metals exchange rates and currency conversion. The API provides precise precious metal exchange rate data in over 170 currencies throughout the world, including Bitcoin and other major cryptocurrencies
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Precious Metals Data Feed: The Best APIs for You – TheStartupFounder.com