How much does Magnesium value in euros? If you are questioning this, you should read this post!
Magnesium is a solid that is gray in tone. It’s the third most popular building metal (after iron and aluminum). Magnesium alloys with low density, high strength-to-weight ratios, and superior machinability account for over 70% of the world’s supply. High-pressure die-cast magnesium alloys are commonly used in car components such as steering wheel cores, gearbox casings, dashboard frames, and radiator supports. Moreover, Its allow is used to build high automobiles and camera enclosures and beverage cans.
If you want to enter the European market, you should be updated about the magnesium prices. In this case, if you are in any of these industries, an API is a tool that will help you to watch the current prices to choose the best moment to invest. An API is an interface that collects and displays data from a place. It gathers the magnesium rates from a reputable source before making them available to you.
How Can I Obtain An API?
There are a variety of online tools that can provide magnesium prices in Euros via an API. However, not all of them operate in the same way, so you must pick carefully to avoid losing money.
To further clarify things, we’ll propose Metals-API, which we believe is the most comprehensive and useful API available online. This is a free web API that shows metal prices in many different currencies.
To obtain the data, you must first complete the following steps:
- At www.metals-API.com, you may create your API key.
- Look for the Magnesium (MG) and Euros symbols.
- Before performing the API request, use these symbols to add metal and currency to the list. You also have a variety of programming languages and price options to select from.
- Then all you have to do is hit the “run” button and you’re done! The API will be displayed on your screen.
This is what the final result will look like:
{
"success": true,
"timestamp": 1519296206,
"base": "MG",
"date": "2018-09-10",
"rates": {
"AUD": 1.566015,
"CAD": 1.560132,
"CHF": 1.154727,
"CNY": 7.827874,
"GBP": 0.882047,
"JPY": 132.360679,
"USD": 1.23396,
[...]
}
}
Why Metals-API?
Metals-API is one of the most precise and dependable API tools available. It gets information from around 15 reliable sources every minute. Among them are banks and financial data businesses. As a consequence, you’ll know exactly how much it’ll cost.
More than 170 currencies, commodities, and cryptocurrencies are accepted, including Bitcoin and Litecoin. The API is written in JSON API, which stands for JavaScript Object Notation and eliminates the need for each app to develop its ad-hoc code to connect to servers that interact in a certain way.