Are you searching for historical rhenium prices? You should take the time to read this post!
Rhenium is a metal with exceptional strength, ductility, and cold workability. It’s a high-temperature substance that’s employed in a variety of applications. High-temperature superalloys for aircraft applications such as turbine blades and engine components account for more than 80% of global rhenium utilization.
The petrochemical refining industries account for the majority of the remaining demand. Only tungsten and carbon melt at a higher temperature than rhenium. This makes rhenium an excellent choice for high-temperature applications.
Rhenium, along with iron, cobalt, nickel, tungsten, and molybdenum, is used as an ingredient in superalloys. The addition of rhenium to a superalloy increases its total creep strength, making it a good material for jet engine components and gas turbine engines.
Many sectors, including petrochemistry, pharmaceuticals, and organic synthesis processes such as isomerization, hydrogenation, and alkylation, employ rhenium compounds as a catalyst for homogeneous and heterogeneous catalysis. In petroleum refineries, platinum-rhenium catalysts are required for a chemical process known as catalytic reforming. This technique turns low-octane petroleum naphtha into high-octane, unleaded antiknock fuels for internal combustion engines and aromatic hydrocarbons for different syntheses.
In conclusion, you can see all the properties and applications rhenium has. It is part of the most strategic sectors of the economy and in our daily life. The rhenium market is so dynamic, and the prices change every day for many motives. For these reasons, it is necessary to compare the prices along the time to decide the best moment for investments.
Historical rates are needed to understand the behavior of the market. You can compare how was prices changing in different moments. This information allows you to decide the best moment for make investments. So, if you are looking for an API that maintains you updated with all the information of the market, you should use Metals-API.
What is Metals-API?
It refreshes every 60 seconds and contains a large range of metals. Metals-API access provides the most up-to-date market price. Prior prices will also be taken into account. rhenium, brass, copper, gold, magnesium, tin, nickel, platinum, silver, and steel are among the metals that can be used. It works with a broad variety of devices.
Follow these instructions to get historical rates:
- Go to www.metals-API.com to acquire your API key.
- Look for the rhenium symbol (RHENIUM) and currency sign you wish to use in the website’s list.
- After adding metal and currency to the list with these symbols, make the API call. As a programming language, you can use JSON or PHP.
- Most currencies’ historical rates may be traced all the way back to 2019. By adding a date (format YYYY-MM-DD) to the basic URL, you may query the Metals-API API for historical rates.
The request should be written in the following format:
https://metals-api.com/api/2013-12-24 ? access_key = API_KEY & base = RHENIUM & symbols = USD,CAD,EUR
And the result will be like this:
{
"success": true,
"historical": true,
"date": "2013-12-24",
"timestamp": 1387929599,
"base": "RHENIUM",
"rates": {
"USD": 1.636492,
"EUR": 1.196476,
"CAD": 1.739516
}
}
Why Metals-API?
The API is defined in JSON API, which stands for JavaScript Object Notation and eliminates the requirement for each app to write its own ad-hoc code to connect to servers that communicate in a certain way. Bitcoin and Litecoin are among the more than 170 currencies, commodities, and cryptocurrencies that are accepted.
See more: Try This API To Obtain Historical Molybdenum Rates