Are you looking for an API that will give you cobalt rates in euros? If that’s the case, you should read this article!
Cobalt is one of the most valuable metals since it is in high demand around the world and is used in a wide range of sectors; as a result, its price in Europe has risen by 88.7% since the beginning of 2021.
This metal is used in automobile airbags, petroleum and chemical industry catalysts, cemented carbides (also known as hard metals) and diamond tools, corrosion- and wear-resistant alloys, drying agents for paints, varnishes, and inks, dyes and pigments, ground coats for porcelain enamels, and high-speed machining.
It demonstrates how cobalt has always been at the forefront of technological advancements. Keeping up with the current news is essential, but finding a simple website that provides prices for this metal can be challenging.
In this case, the best tool for acquiring pricing information about this sort of metal is an API, which is an interface for receiving data from a location and delivering it to the person who requested it. As a result, Metals-API is one of the most efficient approaches.
Why Metals-API?
This API can convert zinc, gold, silver, and over 170 other currencies, including Bitcoin and other major cryptocurrencies, to exact conversion rates. API also provides real-time precious metals data with two decimal places of precision and a refresh rate of up to 60 seconds.
The only location to receive data on midpoint exchange rates is Metals-API. Midpoint rates are calculated using the average median rate of Bid and Ask over a period of time. Metals-API gathers data from some of the most famous financial institutions in the world. The JSON API (JavaScript Object Notation) removes the requirement for each program to write its own ad hoc code in order to connect to servers that communicate in a specific way.
How to use it?
1. Go to www.metals-API.com and get your API key.
2. Look for the cobalt symbol and currency sign you wish to use in the website’s list. In this case, the euro is the currency chosen.
3. Add metal and money to the list with these symbols, then make the API call.
4- As a programming language, you can choose between JSON and PHP.
Also published on Medium.