Are you trying to find a solution to receive LME Nickel rates in real-time? Then make use of an API!
Nickel is considered one of the most important metals. It is a silvery-white, lustrous metallic element. The most useful feature of this element is in the production of coinage. Wires are made from it. It’s utilized in gas turbines and rocket engines since it can withstand high temperatures and prevent corrosion.
On the other hand, the production of this metal has increased in the last months as a consequence the price is expected to climb in the coming months according to a study. As a result, you should keep up with the industry and don’t miss out on the opportunity to make money by determining which option is ideal for you.
The best technology for staying up to date on metal pricing is an Application Programming Interface (API). You can get data from a variety of sources using this API, including the London Metal Market (LME), the world’s largest exchange for industrial metals.
What Is An API?
APIs are a set of rules that define how computers, apps, and machines interact. The API acts as a middleman between any two computers that need to communicate in order to complete a task.
An API serves as a conduit between you and the service provider, allowing you to submit and receive requests. APIs have become an important part of the Internet. Finding a software, application, or website that gives data in real-time is tough nowadays. As a result, we propose that you use Metals-API, which is the most thorough approach for collecting LME Nickel rates in real-time.
- Go to www.metals-API.com and get your API key.
- Look for the LME Nickel (LME-NI) symbol and currency sign you want to use in the website’s list.
- Add metal and money to the list with these symbols, then make the API call.
- As far as programming languages go, you have the option of using JSON or PHP.
As a result, the outcome will be presented in this way:
{
"success": true,
"timestamp": 1519296206,
"base": "LME-NI",
"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,
[...]
}
}
About Metals-API
The most comprehensive tool for investors, traders, and anyone else interested in buying, selling, or trading metals since Metals-API allows you to quickly and easily uncover current global market prices for any metal (including nickel and gold). Furthermore, this software receives data from around 15 trustworthy data sources every minute. Banks and financial data suppliers are among them. As a result, your price will be quite accurate.
Metals-API includes a specialized search engine for finding current pricing data streams for certain elements or combinations of elements. The API may be used for a range of programming activities and is accessible in JSON and PHP.
Also published on Medium.