Do you need a molybdenum API that returns pricing in troy ounces? This is an excellent post to read!
Molybdenum is a silvery metal with a gleaming finish. Engine components made of ‘Moly steel’ alloys provide for electrical connection and corrosion resistance. Oil catalysts, circuit board inks, pigments, and electrodes all use molybdenum. The two main producers are China and Chile.
Molybdenum prices began 2021 on a positive note, buoyed by confidence about the demand forecast for industrial metals. Prices had rebounded during the second part of the year, hitting their highest point of the year at over US$20.
The price of molybdenum has risen dramatically in recent months. If you work in one of these sectors, keep an eye on how values vary over time and how they correspond to current prices. This study is essential for determining the best moment to invest. As a result, a programming interface is necessary (API).
What Is An API?
An API is a data transfer system that allows data to be transferred between numerous devices. There are a few of them, but they all work in different ways. For example, not all of them provide statistics in troy ounces.
Of course, there are options. Metals-API is a good alternative if you wish to utilize an API with molybdenum rates in this weight. You may see current and historical statistics in real-time.
Follow these steps to take advantage of it:
- Your API key may be generated at www.metals-API.com.
- Check for the Molybdenum (MO) symbol and the currency sign you’re interested in.
- After you’ve added symbols to your list, make an API call. You may also choose a programming language and a price range.
- Then all you have to do is hit the “run” button and you’re done! On your screen, you’ll see the API as well as the rates in troy ounces.
More About Metals-API
Metals-API uses data from banks to calculate current and historical precious metals prices. The Metals-API can provide real-time precious metals data with a precision of 2 decimal points and a frequency of up to 60 seconds.
The opportunity to trade precious metals, convert single currencies, and view Time-Series data, volatility statistics and the day’s lowest and highest prices are just a few of the features. The API delivers accurate precious metal exchange rate data in over 170 currencies worldwide, including Bitcoin and other major cryptocurrencies.