Are you looking for molybdenum rates in real-time? You should read this post!
Molybdenum is a chemical element that does not exist naturally on Earth as a free metal; it is only found in minerals in various oxidation states. The melting point of the free element, a silvery metal with a grey tint, is the sixth-highest of any element. Because it rapidly forms hard, stable carbides in alloys, steel alloys, especially high-strength alloys and superalloys, consume the majority of the world’s output (about 80%).
Molybdenum compounds (which account for around 14% of global output) are utilized as pigments and catalysts in high-pressure and high-temperature applications. The majority of molybdenum produced is utilized in metallurgy, with the remainder going to chemical uses. Structural steel accounts for 35% of worldwide consumption, followed by stainless steel (25%), chemicals (14%), tool and high-speed steels (9%), cast iron (6%), molybdenum elemental metal (6%), and superalloys (5%).
Molybdenum can tolerate high temperatures without extending or softening, making it ideal for use in high-temperature applications like military armor, aircraft components, electrical connections, industrial motors, and filament supports in light bulbs. Some plants utilize molybdenum powder as a fertilizer.
You must stay up with the newest market prices if you want to invest in this item. You should be informed of current Molybdenum prices to make better-investing elections. As a result, utilizing an API to handle data for your company is a realistic alternative.
An API is a piece of software that serves as a link between two applications running on different machines. When you use a mobile phone app that is linked to the internet, it sends data to a server. The server then collects the information, analyzes it, takes the appropriate steps, and delivers it back to your phone. After that, the computer analyzes the information and delivers it to you in an easy-to-understand format.
For this project we will recommend you Metals-API. With a 2 decimal point precision and a 60-second frequency, it can give real-time precious metals data to an API. Precious Metals exchange rates, currency conversion, and Time-Series and Fluctuation data are just a few of the possibilities available. Using the tools offered, you may convert any number between currencies, metals, and currencies like Molybdenum, magnesium, rhenium, and uranium. It provides a diverse range of currencies and metals from which you may receive the data you want to make the best investment decision.
How to sign up for Metals-API?
- Visit www.metals-API.com to generate an API key.
- Look for Molybdenum in any currency you like.
- Add metal and currency to your list before initiating the API connection with these symbols. You also have the option of selecting a programming language and a price range.
- By hitting the “run” button, you must finish the work.
The API should appear on your screen as follows:
{
"success": true,
"timestamp": 1519296206,
"base": "MO",
"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,
[...]
}
}