Are you trying to compare ruthenium prices over time? Then, read this article!
This metal is an uncommon transition metal that belongs to the periodic table’s platinum group. Ruthenium, like the other platinum group metals, is chemically inert to most other substances. It is often found as a small component of platinum ores; yearly output has increased from around 19 tonnes in 2009 to approximately 35.5 tonnes in 2017.
The majority of ruthenium produced is utilized in thick-film resistors and wear-resistant electrical connections. Platinum alloys and as a chemical catalyst are two minor uses for ruthenium. The use of ruthenium as a capping layer for extreme ultraviolet photomasks is a new application.
Since 2017, the price of ruthenium began to grow to skyrocket levels, having at times relative stability. For this reason, if you are thinking about making investments in this business you need to pay attention to the fluctuation of the prices. This task may not be easy but it’s not difficult. You need to use an API.
But, What Is An API?
An Application Programming Interface (API) is a piece of software that enables two programs on different machines to interact with one another. If you use a mobile phone app linked to the internet, it sends data to a server. The data is then collected, analyzed, and the relevant measures are taken before being sent back to your phone. Then, the computer analyzes the information and sends it to you in an easy-to-understand format.
Metals-API is a good option if you require it to compare values over time. It’s the most up-to-date API for this purpose, with a big selection of metals and currencies. It collects and updates all essential data from the world’s most prominent financial organizations every minute.
Is very easy to subscribe to it:
- Get your API key at www.metals-API.com.
- Look for the ruthenium symbol (RUTH) and currency sign you want to use in the website’s list.
- After adding metal and currency to the list with these symbols, make the API call.
- As a programming language, you have the option of using JSON or PHP.
Thi is the API request:
https://metals-api.com/api/fluctuation ? access_key = API_KEY & start_date = 2015-12-01 & end_date = 2015-12-24
And this is the response:
{
"success":true,
"fluctuation":true,
"start_date":"2018-02-25",
"end_date":"2018-02-26",
"base":"RUTH",
"rates":{
"USD":{
"start_rate":1.228952,
"end_rate":1.232735,
"change":0.0038,
"change_pct":0.3078
},
"JPY":{
"start_rate":131.587611,
"end_rate":131.651142,
"change":0.0635,
"change_pct":0.0483
},
[...]
}
}
Why Metals-API?
Metals-API is one of the most precise and dependable API tools available. It gets information from around 15 reliable sources every minute. Among them are banks and financial data businesses. As a consequence, you’ll know exactly how much it’ll cost.
More than 170 currencies, commodities, and cryptocurrencies are accepted, including Bitcoin and Litecoin. The API is written in JSON API, which stands for JavaScript Object Notation and eliminates the need for each app to develop its ad-hoc code to connect to servers that interact in a certain manner.