In this article, we explore the best alternative to Trading Economics for titanium prices. In this post, we discover a very accurate API.
Titanium is the fourth most prevalent chemical element on Earth. It is notable for its excellent corrosion resistance and severe hardness, which is why it is frequently compared to elements such as steel. Despite this, it wasn’t until the aeronautical industry found titanium’s great qualities that metal was revalued and employed for common uses.
Even though the majority of titanium is found in mineral deposits in the form of oxides, which are dispersed across the earth’s crust and lithosphere, this element may also be found in living organisms, bodies of water, and alien objects. Titanium is a transition metal, and it is also a paramagnetic metal since it has an electronic structure and is not magnetized, according to its properties. It is resistant to corrosion and refractory.
It is a metal that does not transfer heat or electricity well, although it may create alloys with other elements to increase performance. Furthermore, titanium has a unique property in that it is highly adaptable when it comes to casting, forging, or welding, which, along with its low level of toxicity, makes it an element that can be utilized for a variety of reasons.
As previously said, it is a flexible element that may be used in a variety of everyday applications. Titanium is utilized for space engineering because it can withstand severe temperatures in space, thanks to testing and discoveries about its properties. It is also used in the chemical sector for its resistance to corrosive chemical mixtures. Similarly, this element is widely used in industries like weaponry, nautical, vehicle, and jewelry.
Lastly, due to its high degree of compatibility with implants, titanium is commonly employed in industries such as dentistry clinics. Australia, South Africa, Mozambique, Canada, and Norway were the top titanium producers in 2019.
Use An API
With all the information we have seen so far it’s important to understand the importance of titanium in the world. As you can see, it is very important thanks to its applications in strategic industries. However, its price can undergo different dynamics depending on its usefulness, its scarcity, or geopolitical situations. For example, if global supply chains are severed, etc.
In this sense, if you want to invest in titanium, you must observe the prices of this metal in real-time and other parameters. In this way, you will have complete information and you will choose the best moment to invest. For this, you should use an API with accurate and reliable information. Trading Economics is one of the best, but here are some great alternatives for you to try such as Metals-API.
Metals-API
Metals-API will give you parameters of all kinds. From its exhaustive documentation, you will be able to constantly update information such as historical rates and fluctuation data. You will be able to use the API in various programming languages.
In this way, you can contrast all kinds of important information. From comparing this metal with others to its prices in various currencies as well as in different periods. It’s an LBMA rates API.