Do you wish to use a JSON API to get magnesium rates? Here, we explain how.
Magnesium is a chemical element with compounds that are utilized in building and medicine. It is the lightest structural metal and a necessary component of all cellular life. It is the eighth most abundant element in the Earth’s crust and the fourth most abundant element overall, accounting for 13% of the planet’s mass and a considerable percentage of its mantle. It is the third most common element dissolved in seawater after sodium and chlorine.
In 2018, a total of 1,020 thousand tons were produced worldwide. China had the most production, with 800. Russia came in second with 65 points, and the United States came in third with 50. This was based on data from the United States Geological Survey and capacity numbers from the United States.
With all of this in mind, you’re definitely interested in investing in this product and staying up to speed on the current prices. Because this can be tricky, we strongly advise utilizing an API for it. This is an interface that takes data from a location on the internet and then returns it to the person who requested it.
APIs are utilized for a variety of reasons all around the world, including by some of the largest websites and social media platforms. It has a wide range of applications, making it extremely valuable when quick and precise information is required.
How To Get An API
To use one, you must first find software capable of doing so. There are several of them on the internet, and each one may supply you with different information. As a result, you should think with caution in your choice to prevent wasting your time with a bad encounter.
The majority of APIs display their results in Javascript Object Notation (JSON), one of the most widely used programming languages. This is a simple data transport format that people can read and write. JSON is a language-independent text format that employs standards known to C-family programmers. Because of these properties, JSON is a good data-interchange language.
Metals-API, one of the most prominent and comprehensive APIs for precious metals pricing, is recommended for accessing Magnesium rates. You may use interactive tools to follow precious metal spot prices and metal charts, as well as monitor real-time metal prices and quotations from across the world.
You must do the following to make advantage of it:
- You may generate your own API key at www.metals-API.com.
- Look for the Magnesium (MG) and your desired currency symbol.
- Before concluding the API call, use these symbols to add metal and currency to the list. You may also choose a programming language and a price range.
- Finally, you press the “run” button and you’re finished! The API will appear on your screen.
As a result, the ultimate outcome will be as follows:
{
"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,
[...]
}
}
About This Software
In terms of Metals-API, you can keep up with the most recent precious metals prices by visiting a website that has been serving clients and the financial community for years. On their vast website, they provide real-time gold, silver, and other metal price quotations from a variety of sources (including Bloomberg, Reuters, and others), as well as delayed futures and options pricing.
The real-time pricing stream is refreshed every two seconds, ensuring that you always have the most up-to-date information. This API is adaptable, allowing you to obtain information in the most convenient manner for you, making it appropriate for a wide range of applications.
Also published on Medium.