Are you seeking molybdenum rates in euros? You are reading the correct post!
Molybdenum is a silvery-white, ductile, and corrosion-resistant metal. It has one of the highest melting points of all pure elements. Molybdenum is a transition metal that rapidly combines with other elements to produce compounds. This metal is used in many industries like military, aircraft, electrical and motor companies. It is also used like fertilizant for some plants.
Molybdenum is primarily produced in the United States, China, Chile, and Peru. Moreover, Global production is expected to be above 200,000 tons per year. That’s why if you want to invest in this industry, you should stay updated with the prices. Today, the European market isn’t in the top of molybdenum production. But, it has a lot of opportunities for the companies located in Europe (cars industries, aircraft) that can work with this metal.
For this reason, you need a tool that helps you to be updated on molybdenum pricing if you want to access the European market. If you work in one of these areas, an API is a tool that can help you keep track of current pricing and decide when the ideal time to invest is. An API is a user interface that gathers and presents data from a specific location. Before making the molybdenum rates available to you, it obtains them from a reliable source.
What to do to acquire it:
- Get your API key from www.metals-API.com.
- In the website’s list, look for the molybdenum symbol (MO) and Euro sign you wish to use.
- Make the API call after adding metal and currency to the list with these symbols.
- You have the choice of utilizing JSON or PHP as a programming language.
It will look like this:
{
"success": true,
"timestamp": 1519296206,
"base": "MO",
"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,
[...]
}
}
Why Metals-API?
One of the most accurate API tools available is Metals-API. This collects data every minute from over 15 credible data sources. Banks and financial organizations are among them. Spreadsheets, websites, mobile apps, and other commercial applications may easily include molybdenum and other metals.
Euros and USD are only two of the many currencies, commodities, and cryptocurrencies that are accepted. It is possible to convert any quantity from one currency to another or from one metal to another. The API is defined in JSON API (JavaScript Object Notation), so each application doesn’t have to write its ad-hoc code to connect to servers that interact with one another.