If you are looking for an API that contains magnesium rates in tonnes, you must read this.
According to the latest statistics from China’s National Bureau of Statistics, magnesium output from Yulin in China’s Shaanxi province increased barely 3% year on year to 416,800 mt in 2021. Year-on-year output growth in Shaanxi was substantially greater, at 9.9%, from January to August.
By 2023 is estimated an increasing of the magnesium production. For this reason, if you manage a company using this metal, you’ll need to keep up with worldwide magnesium prices. To retrieve the price per tonne data, use an API.
But, What Is An API
The acronym API stands for Application Programming Interface. This is a piece of software that allows two programs to interact with one another. There are lots of them on the internet, but not all of them provide the same information.
As a result, we strongly encourage you to use Metals-API, which is quickly becoming one of the most comprehensive APIs for precious metal values. You may be able to use many metals and currencies on your site if you use this program.
Follow these instructions to obtain it:
- www.metals-API.com will supply you with an API key.
- Look up both the Magnesium (MG) and the currency sign you’d want to use.
Before concluding the API call, use these symbols to incorporate metal and currency in the list. You may choose from a variety of programming languages and price ranges. - All you have to do now is click the “run” button, and you’re complete! The API will be displayed to you on your device.
- Keep in mind that the rates in this API are in troy ounces. Divide Metals-rate APIs by 3.11035e-5 to get tonnes. After that, you’ll be able to obtain the necessary cost.
Why Metals-API
Metals-API began as a simple, lightweight Open-Source API for banks to get current and historical precious metals prices. This API delivers real-time precious metals data to two decimal places with a 60-second refresh rate.
Offering precious metals exchange rates, switching single currencies, Time-Series data, volatility statistics, and the day’s lowest and highest prices are just a few of the features available. The Metals-API can calculate exact precious metal exchange rates in over 170 currencies throughout the world, including Bitcoin and other major cryptocurrencies.