Do you want to know the spot price of LME zinc? Make use of an API!
Zinc is one of the most popular metals worldwide. One of the most common applications for zinc is in the production of steel protective coatings. Besides, this metal is used for galvanizing, which provides exceptional resistance to air corrosion. It is frequently used as a die-casting alloy due to its low melting point and high tensile strength.
As a result, it can be a good option to invest in this industry because this metal has a role important in many industries. That’s why you should stay up to date on the prices in order to know when is the best time to invest in it and when the price will increase or decrease.
We recommend using an Application Programming Interface (API) because it allows you to analyze the industry according to the prices and see how it has increased during the last years.
Using an Application Programming Interface (API) is the best technology for keeping up with metal pricing. One of the data sources available through this API is the London Metal Market (LME), the world’s largest exchange for industrial metals.
About An API
API acts as a middleman between any two machines that need to communicate in order to complete a task. You can send and receive requests using an API, which acts as a bridge between you and the service provider.
If you don’t know how to get an API, you should use Metals-API because it is the most comprehensive method of gathering LME Zinc spot prices in real-time, is the best solution for your business. You will save money and time by using this tool.
Follow these steps to obtain LME Zinc spot prices:
- Go to www.metals-API.com and get your API key.
- Look for the LME Zinc (LME-ZNC) symbol and currency sign you want to use in the website’s list.
- Add metal and money to the list using these symbols, then make the API call.
- As a programming language, you have the choice of JSON, Python or PHP.
As a result, the final outcome will be as follows:
{
"success": true,
"timestamp": 1519296206,
"base": "LME-ZNC",
"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,
[...]
}
}
Why Metals-API?
Metals-API is really useful for investors, traders, and anyone else interested in buying, selling, or trading metals because it allows you to find current global market prices for any metal quickly and easily (including zinc and gold).
Furthermore, every minute, this software collects data from approximately 15 reliable data sources such as banks and financials. Besides, the prices are really accurate and the prices are obtained from various sources, including Bloomberg, Reuters, and others, as well as delayed futures and options pricing.
Metals-API includes a dedicated search engine for locating current pricing data streams for specific components or element combinations. The API is available in JSON and PHP and can be used for a wide range of programming tasks.
Also published on Medium.