If you need to find alternatives to Trading Economics for cobalt prices, in this post we present to you the top 3 ones.
Cobalt is a metallic chemical element. It is similar to iron and nickel in both their basic and mixed states. It is extensively dispersed in nature, accounting for around 0.001% of all igneous rocks in the earth’s crust, as opposed to 0.02 percent for a nickel. Cobalt can be found in meteorites, stars, the sea, freshwater, soil, plants, and animals, as well as manganese nodules at the ocean’s bottom.
Even at high temperatures, cobalt and its alloys are resistant to wear and corrosion. Among its most notable commercial uses is alloy preparation for use at high temperatures, magnetic alloys, alloys for machines and tools, glass-to-metal sealing, and Vitallium, a dental and surgical alloy. Cobalt is required by plants and animals at trace levels. Cobalt-60, an artificially created radioactive isotope, is widely employed in industry, research, and medicine.
The majority of cobalt output is destined for the metallurgical industry, where it is used to create different superalloys with superior performance and resistance to environmental impacts and harsh circumstances. These alloys are employed in the manufacture of turbines, high-speed and stainless steels, cemented carbides, and diamond instruments, among other things.
Cobalt-nickel alloys and other metals, including Alnico, Fernico, Cunico, and Cunife, are used to create strong magnets and magnetic tapes. Other cobalt alloys are employed in the manufacture of orthopedic implants.
A specific alloy made of cobalt, chromium, and molybdenum is utilized to make waist and knee prostheses. Lithium cobalt oxide is utilized in the cathodes of lithium-ion batteries in the electronics industry.
Use An API
As you can see, this material has a plethora of qualities that make it valuable in a wide range of sectors. As a result, traders use Trading Economics since it is one of the primary data of real-time cobalt rates. Engineers, on the other hand, are seeking novel and more efficient technologies to include in apps and sites.
APIs are commonly used for this purpose. They are software interfaces that enable the real-time transfer of massive amounts of data. Developers can integrate different data into their media in this manner. In this section, we will provide three options to Trading Economics for developing the finest cobalt media channels.
Metals-API
Metals-API is one of the greatest tools for this since it provides real-time cobalt data. It obtains its data from reliable sources such as the LBMA Rates API.
You may also view prices in multiple currencies and compare the costs of various metals. You will also receive historical prices and volatility information. With this comprehensive knowledge, you will be able to choose the optimal moment to invest.
API.Metals.Live
Real-time market data is accessible when the precious metals markets are open for trade. API.metals. Live paperwork contains a variety of metals, including cobalt. You may also obtain current historical information for all supported metal kinds.
Fastmarketers
The Fastmarkets Platform API is a new, contemporary, and secure distribution network for contract pricing, end-of-day balancing, and settlement that integrates data directly into your systems and workflows. The customisable API employs uniform standards that developers and IT are acquainted with, reducing time, enhancing efficiency, and broadening the reach and power of your data.