This website can supply you with a plethora of information if you’re looking for Tungsten pricing fluctuation statistics.
Tungsten is a gleaming white metal with a silvery sheen. This metal has the greatest melting point of any metal, and it is alloyed with others to make them stronger. Arc welding electrodes and furnace heating components, among other high-temperature uses, are made of tungsten and its alloys. Its carbide is extremely hard, making it useful in the metalworking, mining, and petroleum sectors.
Investors from all around the world are keeping a careful eye on the entrance of this metal into the heavy sector. Tungsten is expected to reach new highs in 2025, according to several analysts. As a result, tungsten prices fluctuate dramatically.
As a consequence, if you want to employ this metal in your business, you’ll need a tool that can show you pricing fluctuations so you can decide when the ideal time to invest is. It will be easier for you to enter the tungsten market if you keep this in mind. You should use an application programming interface for this reason (API).
What Is An API
Two applications on different computers can communicate via an Application Programming Interface (API). Any device that connects to the internet transmits information to a server, which then distributes it to other servers. Before being returned to your device, the data is reviewed and the appropriate security precautions are taken. The computer then analyzes and presents the information.
Metals-API is a good choice if you require volatility data. It’s the newest API for this purpose, and it supports a variety of metals and currencies. It collects and updates all important data from the world’s main financial institutions every minute. It also allows you to track the price changes since the year 2019.
To get began, follow these steps:
- An API key will be provided by www.metals-API.com.
- Look for a list of tungsten symbols (TUNGSTEN) and currency indicators on the internet to get the one you desire.
- Once you’ve added metal and currency to the list of symbols, make the API call.
- As a programming language, you have the option of using JSON or PHP.
This is the API request:
https://metals-api.com/api/fluctuation ? access_key = API_KEY & start_date = 2015-12-01 & end_date = 2015-12-24
This is the API response:
{
"success":true,
"fluctuation":true,
"start_date":"2018-02-25",
"end_date":"2018-02-26",
"base":"TUNGSTEN",
"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 a tool that provides accurate, current, and fluctuation data on any precious metal in any currency. The free plan’s data is updated once each hour and is accurate to two decimal places. In this instance, you will also receive 50 API calls every month. If you join an annual package, you will receive more API calls and data per minute.
Our software gets data from over 15 reliable data sources every minute. Among them are banks and financial data suppliers. As a consequence, you’ll get extremely accurate pricing. Metals-API covers tungsten, silver, aluminum, platinum, and palladium, among other precious metals.