Do you need an API with rhenium rates in PHP? You must read this post.
During the next period, the worldwide rhenium market is estimated to increase at a CAGR of more than 5.1 percent. Market expansion has been fueled by increased aircraft manufacturing and increased demand from the power industry. However, the increasing use of alternatives and the global epidemic of coronaviruses are projected to stifle the market’s growth.
However, during the next five years, increased demand from biomedical applications is expected to generate prospects for the rhenium market. North America currently dominates the global market, with Asia-Pacific predicted to expand at the quickest rate throughout the projection period.
As a result, the rhenium market is projected to see a lot of volatility. You should be aware that achieving this metal’s rates might be crucial to your business’s success. To retrieve this data in PHP, you may utilize an API, which is an interface that offers information taken from a certain place.
PHP (Hypertext Preprocessor) is a general-purpose programming language that may be used to create dynamic and interactive websites. It was one of the first server-side languages to be integrated into HTML, allowing websites to add functionality without accessing data from separate files. Its usefulness has grown over time, thanks to frequent updates that introduce new capabilities and open new possibilities.
PHP isn’t utilized by all APIs for transmitting data. As a consequence, we recommend that you utilize Metals-API, one of the most widely used and comprehensive APIs for precious metals pricing, to help you make smarter investing decisions. Metal prices will be shown, both current and historical. Price fluctuation data may also be used to look into pricing changes.
Follow these procedures to get your API key:
- You may request an API key at www.metals-API.com.
- Look through the website’s symbol collection for the Rhenium symbol (RHENIUM).
- Before using the API, add these metal and currency symbols to the list. You may also choose from a variety of programming languages and rate types, including historical and spot pricing.
- Finally, press the “Run” button.
The API will display the following information:
// set API Endpoint and API key
$endpoint = 'latest';
$access_key = 'API_KEY';
// Initialize CURL:
$ch = curl_init('https://metals-api.com/api/'.$endpoint.'?access_key='.$access_key.'');
curl_setopt($ch, CURLOPT_RETURNTRANSFER, true);
// Store the data:
$json = curl_exec($ch);
curl_close($ch);
// Decode JSON response:
$exchangeRates = json_decode($json, true);
// Access the exchange rate values, e.g. GBP:
echo $exchangeRates['rates']['GBP'];
Why Metals-API
Metals-API is visited by a large number of developers, small businesses, and large enterprises daily. This API is used by more than 500 firms, including Barrick Gold, Chainlink, and Glencore. They may use this tool to quickly and easily obtain current international market pricing for any metal.
Because it gets data every minute from roughly 15 renowned data sources, such as financial institutions, Metals-API is the most reliable source for real-time precious metals rates. Many programming languages, such as JSON, Python, and PHP, may be used to build real-time programs and software from data. It contains information on over 170 commodities and currencies.