Would you like to know what the current price of Rhenium is? This is the article you’ve been looking for!
Rhenium is a heavy transition metal that is silvery gray. It is a by-product of the extraction and processing of molybdenum and copper ore. The oxidation state of rhenium changes widely in its compounds.
For combustion chambers, turbine blades, and exhaust nozzles, jet engines employ nickel-based superalloys of rhenium. Because these alloys contain up to 6% rhenium, jet engines are the most common use. Rhenium is a good hydrogenation and isomerization catalyst, and it’s employed in the catalytic reforming of naphtha into gasoline.
The price of rhenium changes a lot due to supply and demand swings. Due to limited availability compared to demand, prices hit an all-time high of US$4,800 per pound in 2008/2009. As of July 2018, the price of rhenium had declined to US$1,290 per pound due to increased rhenium recycling and decreasing demand for rhenium in catalysts.
Breaking into the Rhenium sector may appear difficult due to these variables, but it isn’t impossible if you have the right tools. While there are others websites, only Metals-API provides real-time money and metals data.
What Is Metals-API and How Does It Work?
Metals-API is one of the most accurate and dependable API tools on the market. This receives data every minute from over 15 credible data sources. Banks and financial data suppliers are among them. As a result, your cost will be quite accurate.
Rhenium, gold, silver, and other metals’ real-time pricing may be easily integrated into spreadsheets, websites, mobile apps, and other commercial applications. You may also obtain information such as historical pricing or specific currency conversions.
Over 170 different currencies, commodities, and cryptocurrencies, including Bitcoin and Litecoin, are accepted. Using the same API methods, any quantity may be translated from one currency to another, as well as from one metal to another.
The API is defined in JSON API, or JavaScript Object Notation, which eliminates the requirement for each application to write its ad-hoc code to connect to servers that communicate in a certain way.
How to obtain it:
- Go to www.metals-API.com and get your API key.
- Look for the rhenium symbol (RHENIUM) and currency sign you want to use in the website’s list.
- Add metal and money to the list with these symbols, then make the API call.
- As far as programming languages go, you have the option of using JSON or PHP.
It will appear as follows:
{
"success": true,
"timestamp": 1519296206,
"base": "RHENIUM",
"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,
[...]
}
}
See more: The Best API To Get Historical Rhenium Rates