Would you be pleased if you found out some API that handles the historical rates of neodymium metal? Well, we have the answer to your question. For this reason, we have written this article, to inform you about this wonderful precious metals API.
Neodymium is a chemical element of the periodic table whose symbol is Nd and its atomic number is 60. At room temperature, it is in a solid state. It was discovered in 1885 by the Austrian chemist Carl Auer von Welsbach. It has a shiny, metallic-silver sheen. It darkens rapidly on contact with air forming an oxide. It belongs to the family of internal transition elements and contains 60 electrons in its stable form and its best-known isotope is Nd-82. Neodymium is never found in nature as a element. It is found in minerals such as monazite sand and basanite, which have small amounts of all the rare earth metals in their composition. It can also be found in Misch metal.
It is a component of didymium, used to color crystals and manufacture protective glasses for welders since they absorb the amber light of the flame and other types of crystals. Neodymium is used in permanent magnets of the high field strength Nd2Fe14B type. These magnets are cheaper and more powerful than samarium-cobalt magnets and are common in products such as headphones, speakers, computer hard drives, sensors, etc. In addition, neodymium is a solid metal that in electric cars has a high coercivity, that is, an enormous capacity to maintain magnetization. And above all, an enormous resistance to engine heat. That is why it is so widely used in this type of vehicle.
However, the incredible rise in prices due to the small quantity (which makes electric car engines much more expensive) and the establishment of the Chinese monopoly, generated an uncertain market in this metal. Therefore, it is important that you use the Metals-API system!
Use Metals-API!
Believe it or not, Metals-API has worked with some of the most famous international companies in the world. Some of them are Barrick, Glencore, Chainlink, and Mansour. These companies are just one example, but in reality, there are many more companies to name. These clients were amazed by the spectacular numbers of this service. For example, did you know that Metals-API has more than 25 million requests per day? Lots of requests mean one thing, lots of customers. Having many clients is a symbol of trust, which will assure you that you are hiring a quality service.
As we mentioned before, the current situation with neodymium is not simple. Prices are through the roof and uncertainty reigns in the market. Therefore, using Metals-API is a great alternative because you can update the prices of this metal easily and quickly. In addition, it will provide you with historical data on this metal so that you have a better overview of its historical evolution. Also, the average response time is 46ms! That is, almost nothing!
If you are interested in contracting the services of Metals-API, you should know that the payments are annual, not monthly. But don’t worry, you can better or choose another plan if you regret the one you chose. For now, there are only 8 plans available to hire. Finally, payments are made in the legal tender of the United States, USD.
Also published on Medium.