Are you looking for an API that gives you ruthenium prices in real-time? You should read this article!
This metal is a rare transition metal that belongs to the platinum group of the periodic table. Ruthenium, like the other platinum group metals, is chemically inert to the vast majority of other elements. It is frequently found as a minor component of platinum ores, and annual output has risen from roughly 19 tonnes in 2009 to around 35.5 tonnes in 2017.
The bulk of ruthenium produced is used in thick-film resistors and electrical connections that are resistant to wear. Ruthenium has two minor applications: platinum alloys and chemical catalysts. Ruthenium is being used as a capping layer for extreme ultraviolet photomasks for the first time.
In recent years, the price of ruthenium has risen to dizzying heights, with periods of relative stability. As a result, if you’re considering investing in this industry, you’ll want to remain up to speed on current prices. This assignment isn’t simple, but it isn’t tough either. You’ll need to take advantage of an API.
It’s a piece of software that allows two applications running on different computers to communicate with one other. When you use an internet-connected mobile phone app, it sends data to a server. Before being transmitted back to your phone, the data is gathered, processed, and the appropriate precautions are taken. The computer then analyzes the data and presents it to you in an easily understandable manner.
If you need live prices, Metals-API is a prudent option. It’s the most up-to-date API for this purpose, with a large number of metals and currencies to choose from. Every minute, it collects and updates all critical data from the world’s most renowned financial institutions.
It is quite simple to sign up for it:
- www.metals-API.com is where you can get your API key.
- In the website’s list, look for the ruthenium symbol (RUTH) and currency sign you wish to use.
- Make the API request once you’ve added metal and money to the list using these symbols.
- You have the choice of utilizing JSON or PHP as a programming language.
It will seem as follows:
{
"success": true,
"timestamp": 1519296206,
"base": "RUTH",
"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 is one of the most accurate and reliable API tools on the market. Every minute, it gathers data from roughly 15 credible sources. Banks and financial data companies are among them. As a result, you’ll have a clear idea of how much it’ll cost.
Bitcoin and Litecoin are among the more than 170 currencies, commodities, and cryptocurrencies accepted. The API is a built-in JSON API, which stands for JavaScript Object Notation and eliminates the requirement for each app to write its ad-hoc code to connect to servers that communicate in a certain way.