Looking for metal prices has never been easier with an API. Try it out to obtain daily Molybdenum prices!
Metallurgy is an important sector of the modern economy, both for the volume of metals and their derivatives traded, and for its influence on other sectors. Metallic industries’ impact on the economies of countries is such that a crisis in this sector has a marked impact on all other industries.
The metal industry is still the most important part of the country’s economy and a small source of income for many people. There are a variety of products, but mainly metals are produced that we use every day, such as iron, steel, aluminum and others. The price of these metals is affected not only by their quality, but also by demand. The two main factors that affect the price of metals are supply and demand. When one or both factors increase, the price also tends to go up.
Metal prices are important to keep up to date on the metal industry. There are several sources that can help you decide which metal to invest in and how much it will cost you to buy or sell it. Below are some good sources to get accurate metal price quotes for traders and investors.
About This Metal
Molybdenum is a silvery-white metal very similar to its cousins tungsten and rhenium. Molybdenum was the first element discovered in electrolysis. It has excellent corrosion resistance, especially to seawater and high temperatures, which led to its use as a protective coating in marine environments. This property makes it particularly useful for alloys designed to prevent erosion of ship hulls. Molybdenum is also an important element for soil conservation on land and a component of fertilizers that promote plant growth.
About the London Metals Exchange
The London Metal Exchange (LME) is the world’s leading multi-commodity exchange and clearing house, providing a trusted and secure trading, clearing and settlement platform for industrial and precious metals. Its mission is to provide a central location for trading metals – including aluminium, copper, lead, nickel and tin.
In order to gather information, it is important that you have access to the necessary tools. To this end, we recommend that you use an API. An API can provide current molybdenum prices as well as historical prices based on LME statistics.
Metals-API: Get Metal Prices Easily
Nowadays, many developers and companies use Metals-API, to quickly and easily obtain current world market values for any metal. This system is the main source of real-time precious metals quotes due to its reliable data sources, as this program collects data from around 16 sources. This information is 100% true because it comes from banks and financial organizations such as the famous LME.
On the other hand, it also offers you the possibility to see the prices in more than 170 currencies from all over the world.
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Also published on Medium.