Are you from Tokyo? Would you like to get iridium rates from the Tokyo Commodity Exchange (TOCOM)? Fortunately, we have good news for you! Here we leave you the best precious metals API.
Iridium is a chemical element with atomic number 77 that is located in group 9 of the periodic table of elements. Its symbol is “Ir” and it was discovered in 1803 by the English chemist Smithson Tennant. It is a silvery-white, hard, brittle, heavy, platinum group transition metal. It is commonly considered an extraterrestrial metal because it is abundant in meteorites but very rare in the earth’s crust. Iridium’s resistance to corrosion and high temperatures is so extreme that it became an essential metal for humanity.
Iridium alloys with platinum, as well as with Bosnian, are very important in industry because they wear little, being common in the manufacture of different structures. Iridium in alloy with titanium is very important in the aviation industry, since part of the aircraft engines have it. On the other hand, devices of all kinds that need to be exposed to extreme temperatures are built with iridium. One of the clearest examples are the high-temperature crucibles used to produce single-crystal oxide.
Japan is currently one of the most important economic powers on the planet, but it is a very small country that needs to import many materials and metals to supply its economy. For this reason, Japanese businessmen must import iridium from South Africa. One of the ways to obtain the rates for this metal is through the Tokyo Commodity Exchange, one of the most prestigious in all of Asia. However, there is a way to get these rates much more easily and that way is “Metals-API“.
Give Metals-API a try!
Metals-API started as a simple and lightweight open source API for current and historical precious metal rates published by banks or other financial institutions (like Tokyo Commodity Exchange). Iridium rates are obtained in real time with an accuracy of 2 decimal points and a frequency of 60 seconds. The high volatility experienced in recent years in the prices of precious metals makes it essential today more than ever to be informed about the latest prices.
Another important feature is that the Japanese will be able to see the prices in Japanese yen. It is obvious that for a Japanese the yen of his country is much more comfortable than the American dollar or the Chinese yuan.
How much does it cost?
Although it is hard to believe, this system is free! But obviously, this plan has some limitations. It all depends on your needs, if you don’t need to update the iridium price so often, surely the free plan will work for you. But you can also pay for a better plan, with more benefits, which ranges from $10 to $1,200 per year (1,300 to 156,000 Japanese yen). Each plan has its pros and cons, so choose carefully. We recommend that you go to its website and click on the “rates” section. There you will find the differences between each option. If that’s not enough, Metals-API also offers custom enterprise pricing for unlimited requests.
Also published on Medium.