Use An API To Get Rhodium Rates In Python

Are you seeking for a Python API that provides Rhodium rates? You should  read article!

Rhodium is a silvery-white transition metal that’s strong, corrosion-resistant, and chemically inert.  It is utilized as one of the catalysts in three-way catalytic converters in automobiles, accounting for around 80% of global rhodium production. In nuclear reactors, rhodium detectors are used to monitor neutron radiation levels. It is also utilized to make acetic acid and asymmetric hydrogenation, both of which are used to make pharmaceutical precursors.

In recent weeks, the price of rhodium has fluctuated dramatically. Staying up to date on current rhodium pricing is crucial if you operate in one of these industries and need to make your investments more efficient. This knowledge is critical for determining the best moment to invest. As a result, you should make use of an API. And it can be difficult to find one that works with metals, in any currency and with programming code like python. But it’s not impossible. 

How Do I Obtain An API?

An API is an application program interface that allows two devices or programs to interact with one another is known as a program interface. Other websites may be able to help you, but you must select wisely because not all of them work or provide the same information.

Metals-API is a fantastic software program as it is one of the most commonly used and sophisticated precious metals APIs available. It might include a wealth of information and be quite valuable to your company. To incorporate the API into your website or blog, use the plugins on the Metals-API main page.

The steps you must follow are as follows:

1. Make an account at www.metals-API.com to acquire your API key.
2. Look for the letters Rhodium (RHODIUM) as well as the currency symbol you wish to use.
3. Use all of these indications to add metal and currency to the list before submitting the API request.
4. To finish the work, you simply press the “run” button. When getting Python information, you should utilize the Request module.

It will show like this:

    import requests

    base_currency = 'USD'
    symbol = 'RHODIUM' 
    endpoint = 'latest'
    access_key = 'API_KEY'

    resp = requests.get(
        'https://metals-api.com/api/'+endpoint+'?access_key='+access_key+'&base='+base_currency+'&symbols='+symbol)
    if resp.status_code != 200:
        # This means something went wrong.
        raise ApiError('GET /'+endpoint+'/ {}'.format(resp.status_code))
    print(resp.json())

Why Metals-API?

This API can convert rhenium, gold, silver, and over 170 other currencies, including Bitcoin and other major cryptocurrencies, to accurate conversion rates. API also offers real-time precious metals data with two decimal places of precision and a refresh rate of up to 60 seconds.

Metals-API is the only source of midpoint exchange rate data. Midpoint rates are calculated using the average median rate of Bid and Ask during a certain time period. Metals-API gathers information from some of the most famous financial institutions in the world. The JSON API (JavaScript Object Notation) reduces the requirement for each program to write its own ad hoc code in order to connect to servers that communicate in a certain way.