Are you seeking an API that gives you historical tungsten rates? This is an article that you should read.
Tungsten is a gleaming, silvery metal that is derived largely from two minerals: wolframite and scheelite. Tungsten recycling, on the other hand, contributes to around 30% of the world’s supply. China is the world’s greatest producer of metal, accounting for more than 80% of global production. The remainder is mostly generated by Vietnam, Bolivia, and Russia.
Investors from all around the world are watching this metal’s entry into the heavy sector with bated breath. Several analysts predict that tungsten will reach new highs in 2025. However, the cost was extremely cheap only a few years ago.
As a result, if you are interested in investing in tungsten or if the price of tungsten affects your business, the easiest method to determine whether or not to engage in this industry is to examine pricing data across various periods and observe how it has risen. You should utilize an application programming interface (API) to get this kind of information.
What Is An API
In simple words, an API connects two computers that must interact to execute a task. You may also send and receive real-time requests using an API. You will be able to study the industry based on prices and observe how it has evolved using this technology.
On the other side, finding a website, application, or program that gives this sort of data in real-time is getting increasingly challenging. For this objective, you should try Metals-API, the most comprehensive source of real-time tungsten historical rates.
Follow these procedures to get tungsten historical rates:
- www.metals-API.com is where you can get your API key.
- In the website’s list, look for the tungsten (TUNGSTEN) symbol and currency sign you wish to use.
- Before calling the API, apply these symbols, then add metal and currency to the list.
- You can use JSON, Python, or PHP as a programming language.
The following format should be used to write the request:
https://metals-api.com/api/2013-12-24 ? access_key = API_KEY & base = TUNGSTEN & symbols = USD,CAD,EUR
As a result, the following is the result:
{
"success": true,
"historical": true,
"date": "2013-12-24",
"timestamp": 1387929599,
"base": "TUNGSTEN",
"rates": {
"USD": 1.636492,
"EUR": 1.196476,
"CAD": 1.739516
}
}
Why Metals-API
Metals-API is visited by thousands of developers, small enterprises, and huge corporations every day. They may use this tool to get current worldwide market values for any metal fast and simply.
Due to its reputable data sources, Metals-API is the premier source for real-time precious metals rates, since this program collects data from roughly 15 reliable data sources each minute, such as banks and financial organizations. The data is available in many programming languages, including JSON, Python, and PHP, and you’ll be able to incorporate it into an application or software in real-time.