Although gold takes all eyes in Asia, there are metals that dominate the Chinese and Indian markets. These are Aluminum and Copper.
In India copper was always one of the most mined metals. Behind oil was one of the most excavated minerals in its history, almost four million tons in its history. Even beating gold by a lot. Only aluminum surpasses it.
The importance of copper and aluminum in the investment world leads us to be aware of the changes in the rupee with respect to these metals. Then, as far as the investment itself is concerned, there is nothing more important than having the information as quickly as possible.
In the case of aluminum, India, China, and Russia handle the entire market. The fact that they are in geographical proximity leads to having to be aware of all their coins with respect to copper and aluminum. There are few APIs that have all three coins and the two metals. The most direct and used is Metals-API.
Metals-API provides API access to live market data of precious metals with a 2 decimal point precision and a 60-second refresh rate.
To ensure the best possible degree of data coverage and accuracy, our system employs a unique “validation and fallback” mechanism, assigning different priorities to each data source and validating each metal/forex rate as it enters our databases. If one source does not provide an accurate quote, the next highest provider for this currency pair is contacted. This enables us to eliminate inconsistencies and provide the vast majority of spot exchange rates with six decimal places of precision.
Metals-API collects market data prices in a variety of formats and frequencies from a variety of trading sources and institutions around the world. Commercial sources are given a higher weighting because they more accurately reflect market exchange, particularly for major currencies and metals.
Metals-API.com is used by thousands of developers, small enterprises, and Fortune 500 companies on a daily basis. Metals-API is the most reliable source for real-time precious metals pricing, thanks to its dependable data sources and 6+ years of experience. You can sign up here
Also published on Medium.