Do you want to get magnesium hourly rates with an API? This is something you should read!
Magnesium is a gray-colored solid. It’s the third most popular metal for construction (after iron and aluminum). Nearly 70% of the world’s magnesium is used to make alloys with low density, high strength-to-weight ratios, and good machinability. Car components including steering wheel cores, gearbox casings, dashboard frames, and radiator supports are typically made of high-pressure die-cast magnesium alloys.
Magnesium alloy is utilized in the manufacture of high-performance cars and camera enclosures. Metal beverage cans are also manufactured using this component. It is used to make high-strength steel for important constructions such as skyscrapers and bridges. In the titanium industry, it’s also used.
You must stay up with the current market prices if you need to invest in this metal. If you want to save time, money, and effort, you must make the best judgments possible. You must be informed about current Magnesium pricing. Utilizing an API to collect information for your company is a very good alternative.
But what exactly is an API?
An Application Programming Interface (API) is a piece of software that connects two programs 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 obtains the information, analyzes it, and sends it back to your phone. After that, the computer analyzes the data and delivers it to you in an easy-to-understand format.
Metals-API is a good choice if you require pricing every hour. It’s the most up-to-date API for this purpose, and you may pick from a wide range of metals and currencies. It collects all valuable information from the most famous financial organizations and updates it every minute.
More than 170 currencies, commodities, and cryptocurrencies are accepted, including Bitcoin and Litecoin. The API is written in JSON API, which stands for JavaScript Object Notation and eliminates the need for each app to develop its own ad-hoc code in order to connect to servers that interact in a certain way.
The registration process is very easy:
- You may create an API key at www.metals-API.com.
- Look for Magnesium (MG) in your preferred currency.
- By utilizing these symbols, you may add metal and currency to the list before making the API request. You may also select a programming language and a price.
- To complete the objective, you must press the “run” button.
On your screen, the API will show:
{
"success": true,
"timestamp": 1519296206,
"base": "MG",
"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,
[...]
}
}