Obtain LME Aluminum prices in CAD with this free metal prices API!
Brief Introduction
Aluminum is a chemical element with the symbol Al that is ranked 13th on the periodic table. It has a lower density than most other common metals and a strong affinity for oxygen, forming a protective coating of oxide on the surface when exposed to air. Aluminum-based items include cans, foils, cooking utensils, window frames, beer kegs, and aircraft components, to name a few.
The LME provides cash trading since it provides contracts with daily expiry dates of up to three months from the deal date, weekly contracts of up to six months, and monthly contracts of up to 123 months. To settle contracts, it provides hedging, global reference pricing, and the option of physical delivery.
Pricing for such particular metals may be difficult to find. It is, nevertheless, not impossible. That is the reason why we highly advise you to utilize an API for this. This allows you to receive data from a variety of sources, including the London Metal Market (LME). Many websites utilize it for a variety of reasons, and it may be useful in any situation. In this case, a few mouse clicks might result in LME Aluminum rates in seconds.
About Metals & The Importance of APIs
Metals are natural substances and the oldest materials used by human societies. The world has grown very much in the last 100 years thanks to metals, and their importance is still increasing. Most of the remarkable discoveries, inventions, and social changes in recent centuries have been driven and enabled by developments in metals technology.
As the importance of the metal market is constantly increasing, you should be aware that there are several APIs for precious metals rates that you may use. In this instance, we suggest you to try out Metals- API
Metals-API
Metals-API is a piece of software that gives reliable and up-to-date information on any precious metal in any currency. The free plan’s data is refreshed every hour and has a two-decimal point accuracy. In this case, you will also receive 50 API calls every month. When you buy an annual package, you will get more API calls and data per minute.
This software 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
Metals-API receives market data prices in a range of formats and frequencies from a variety of trade sources and organizations throughout the world. Commercial sources are given more weight because they better reflect market exchange, especially for large currencies and commodities.
Key Benefits
- Access institutional quality real-time precious metal prices through an easy-to-use API using a trusted Gold and Silver pricing API used by hundreds of companies in the industry.
- Easily include real-time Gold and other metals prices in your spreadsheets, websites, mobile apps, and other business applications.
- Reduce the time it takes for apps that rely on precious metal prices to reach the market.
- Using cloud APIs, you may get rid of the aches and complexities of legacy feeds.
READ MORE:
Precious Metals Data Feed: The Best APIs for You – TheStartupFounder.com
Also published on Medium.