Does your company need cobalt to be able to work? As cobalt is a metal that suffers from price fluctuations, it is very important to use this Cobalt prices API to find out the latest prices for this metal. To discover more, we invite you to read more information in this writing.
Cobalt is considered one of the most important metals in the world today. In fact, together with coltan, they are some of the most coveted minerals for the manufacture of many electronic devices of the present and the future. That is why many companies that compete within the technology sector have their eyes on the reserves of this essential material. Both cobalt and its alloys have a very interesting property compared to other metals: their high resistance to wear and corrosion, even at high temperatures.
The largest number of cobalt reserves is extracted, according to the Cobalt Development Institute (CDI), from mines in the Democratic Republic of Congo. As a curiosity, this same country also has the largest reserves of coltan, copper and nickel in the world. The properties of cobalt are of great interest to many industrial sectors. To begin with, and as we have commented at the beginning of the article, cobalt is used for the production of industrial machinery. Furthermore, this metal is very important in the production of smartphones, tablets, or laptops. The function of cobalt in electronics is to try to increase the performance of lithium in the batteries and, as a result, increase the autonomy of electronic devices.
However, this metal changes in price. Perhaps the war between Russia and Ukraine may have affected the price. You could find this out if you use Metals – API, the best API to get prices for metals like cobalt in only seconds.
Use Metals – API to acquire Cobalt Prices in only seconds!
If you have a company that generates electronic devices and needs Cobalt, then Metals – API is the best option for you! Thanks to the latest programming technology, this API will provide you with the most up-to-date cobalt prices. And in case you wonder, in addition to Cobalt, you can find other important metals such as gold, copper, bronze, silver, and aluminum, among other metals. There are many metals, you can find the complete list in the symbols section. There you can see, for example, that the symbol for cobalt is LCO.
How to get cobalt prices using Metals – API?
1. Create an account, using your email, in Metals – API. When you finish confirm your account in your email.
2. Find the plan that you like the most, depending on the needs of your company and make the payment with your card. This platform makes sure to use the highest technology in banking security.
3. Search the list of symbols for the metal you want, in this case, Cobalt. By default, the default legal tender is USD, but you can use another one if you want.
4. Choose the endpoint you want to use and, after placing the above data, run the API Call.
Metals – API returns the values based on the legal basis tender. So when you get the cobalt data, you’ll see that you’ll get a number that starts with 0. Divide 1 by that number and you’ll get the final price. Definitely, obtaining cobalt has never been easier thanks to this API.