Do you want to get antimony spot prices? You should try with an API. We’ll explain how to acquire the best one in this post.
Antimony is a semimetal. In its metallic condition, it is silvery, stiff, and brittle. The electronics industry uses this metal to make infrared detectors and diodes. It is alloyed with lead or other metals to boost hardness and strength. To make batteries, industries of manufacturing utilize lead-antimony alloys. In printing machines, industries use antimony alloys as type metal, bullets, and cable covering.
To make flame retardant materials people use Antimony substances. With it, they make paints, enamels, glass, and ceramics. Despite this, antimony is a rare metal found in trace levels in over 100 mineral varieties. It’s also found as a native element.
Antimony Market
The global antimony ore and focus market finally increased in 2021, hitting $2.3 billion for the first time since 2018, reversing a two-year declining trend. However, consumption did not go up between 2013 and 2021.
China had the biggest usage of antimony ore and concentrate (345K tonnes), accounting for 60% of the total amount. Moreover, China’s consumption of antimony ore and concentrate has more than tripled that of Russia, the second-largest user (108K tonnes). Tajikistan (43K tonnes) ranked third overall, accounting for 7.4 percent of total demand.
China’s estimated yearly volume growth rate was -6.1 percent from 2007 to 2021. The additional consuming nations with the greatest average annual rates of demand increase were Russia (+19.4 percent per year) and Tajikistan (+18.6 percent per year).
As you can see, it’s a really busy market. If you want to engage in this material, you must first learn about antimony pricing. You must keep a worthy eye in spot rates and previous values. It’s making it easy to track and evaluate the factors impacting the value of your metal. To do this, you should use an API.
How To Get Antimony Spot Prices?
An API is a type of technology that allows one gadget in one area to send data to another or more units in another place. You are free to watch prices and share them with your audience. You can easily integrate the API response into the architecture of a website or app.
Metals investing is only possible if you have access to current data. As a result, to determine the best time to invest, they must monitor its price and market activity. To obtain this information, we propose using the Metals-API tool.
Why Metals-API?
Metals-API is the best API available. Its technology makes use of a variety of valuable metals, such as antimony, lithium, gold, platinum, palladium, copper, and silver. All of this with current data and updates in under a minute!
That is, you will be able to decide the optimal time to buy this metal based on its characteristics. Metals-API, for example, will give statistics from the previous 19 years, such as the fact that palladium prices fell 17.12 percent in 2021. This sort of information might save you a lot of time and effort.