Do you need indium rates in tonnes? Then you should take advantage of an API. Continue reading because we’ll offer a recommendation.
By 2027, the Global Indium Phosphide Compound Semiconductor Market is anticipated to be worth $7.6 billion. Indium phosphide is a binary semiconductor composed of two elements: indium and phosphorus. The rising need for high-speed internet connectivity across a wide range of telecom and datacom applications, as well as considerable development in the use of indium phosphide, are all driving the expansion of the indium phosphide compound semiconductor market.
If you deal with indium in your industry, pay attention to how values change over time and how they connect to current costs. This information is crucial for optimizing your investment. As a result, you’ll need to employ a programming interface (API).
What Is An API?
This is a programming application that allows two programs to interact with one another. Many of them are available on the internet, albeit not all of them provide the same information. As a result, you must exercise prudence while making decisions to prevent wasting your time with a negative experience.
Finally, we strongly recommend that you use Metals-API, which is gradually becoming one of the most popular and comprehensive APIs for precious metal values. This tool may provide you with a range of metals and currencies to use on your website.
To use it, you must do the following:
- You may get your API key at www.metals-API.com.
- Look for the indium symbol (Indium) as well as your preferred currency sign.
- Before submitting the API call, use these symbols to add metal and currency to the list. In addition, you may pick the programming language and the pricing range.
- Then you hit the “run” button and you’re done! The API will be displayed on your screen.
This API, on the other hand, returns rates in troy ounces. Divide the Metals-API rate by 3.11035e-5 to translate from kilos to tonnes. Following that, you will receive the rates you require.
Why Metals-API?
Metals-API arose as a simple, lightweight Open-Source API that enabled banks to access current and historical precious metals values. This API can deliver real-time precious metals data with a 2 decimal point precision and a frequency of up to 60 seconds. Companies like the well-known Barrick Gold employ it.
These capabilities include offering precious metals exchange rates, converting single currencies, and providing Time-Series data, volatility statistics, and daily low and high prices. The Metals-API can give exact precious metal currency exchange data in over 170 currencies throughout the world, including Bitcoin and other major cryptocurrencies.