Would you like to get metal prices in JSON Format? Would you like to get them from the London Metal Exchange (LME)? Well, with this tool, you can stay updated every minute. It is one of the newest APIs on the market, it is the best metals JSON API.
Metals are called those materials that are good conductors of heat and electricity, have high density, have a high ability to reflect light, and are solid at normal temperatures (except mercury). They are all part of the periodic table of elements and are extracted from minerals in rocks. The metals then become metallic materials, which are metals transformed through physical and/or chemical processes. Some of the most common work procedures on metallic materials are: casting and molding, deformation, cutting, and machining.
Among the most important metals in the world, gold, silver, platinum and palladium stand out, which are considered precious metals and are expensive. But also, there are metals with industrial uses such as aluminum (It has high corrosion resistance, it is very soft, very malleable, ductile, weldable and has low density), copper (It is reddish in color and intensely shiny, malleable, ductile, soft and rusts easily) or alloys such as steel (It is a ductile, tenacious, malleable material, it can be easily welded, thermal and electrical conductor).
This company is the world’s largest market for non-ferrous metal futures and options with highly liquid contracts. The LME currently has a turnover of more than US$8.5 billion annually. Its headquarters, as its name indicates, is in London (United Kingdom). To obtain these prices, we will recommend the use of this API called Metals-API, which uses the JSON programming format. We will tell you more information below.
Why Metals-API?
Metals-API started as a simple and lightweight open source API for current and historical precious and non-precious metal rates published by banks or other financial institutions. Some of these sources are the London Metal Exchange (LME) and the New York Mercantile Exchange (NYMEX). Thanks to this system, you will be able to obtain the rates of metals such as gold, silver, lithium, steel, aluminum, copper. These prices will be delivered with a precision of 2 decimal places and a frequency of 60 seconds.
In addition, it uses the JSON (JavaScript Object Notation) format, which is commonly used to transmit data in web applications. Capabilities include delivering exchange rates for precious metals, converting individual currencies, returning time series data, fluctuation data, and the lowest and highest price of any given day.
How much does it cost to use this service?
There are 7 plans available, of which 1 is free and 6 have an annual cost, that is, you pay once a year. The free option has its advantages and disadvantages. If these disadvantages are detrimental to your needs, then we recommend purchasing a paid plan. And don’t worry about your bank details or your credit or debit card number, the connection to the Metals-API API is encrypted using bank-grade 256-bit SSL Encryption.
Any questions? The customer service team is always online from 9 am to 6 pm (GMT+1)
Also published on Medium.