If you want to acquire copper prices in US dollars, you must try this API.
To begin with, copper is mostly used in electrical equipment such as lines and motors. This is owing to the fact that it may be drawn into wires and transfers heat and electricity well. Buildings (for example, roofing and plumbing) and industrial machinery both use it (such as heat exchangers).
This information demonstrates how important copper is in a variety of industries. As a result, if you want to know the most up-to-date pricing around the world, you should go to the London Metal Exchange (LME).
The London Metal Exchange (LME) is a futures and forwards exchange in London, England, that has the world’s largest market for standardized base metals forward contracts, futures contracts, and options. Contracts for ferrous metals and precious metals are also available on the market. Aluminum, copper, gold, silver, cobalt, and zinc are all marketable metals.
You must keep track of metal prices if you wish to invest or make financial decisions. As a result, we recommend that you access real-time data using an API (application programming interface).
An API allows you to get data in a precise format that you can then transmit to your clients. This allows you to get access to some of the most recent and up-to-date trading data via a single point of contact.
However, not all software includes LME rates, and acquiring this technology can be challenging. As a result, Metals-API, which is the most detailed and comprehensive, is our recommendation.
Why Metals-API?
Metals-API is a fantastic resource for investors, traders, and anybody else interested in buying, selling, or trading metals, as it allows you to quickly and easily get current global market prices for any metal (including copper). You will be able to determine the optimal moment to invest in this business with this technology.
Metals-API also includes a specialized search engine for finding current pricing data feeds on specific elements or combinations of elements. The API may be used for a range of programming activities and is accessible in JSON and PHP.
Bitcoin and Litecoin are also accepted, as well as over 170 other currencies, commodities, and cryptocurrencies (including the US dollar). Using the same API endpoints, any quantity can be converted from one currency to another, as well as from one metal to any metal and any currency to any currency.
How does it work?
1. Go to www.metals-API.com and get your API key.
2. Look for the copper symbol and currency sign you want to use in the website’s list. The USD is the chosen currency in this scenario.
3. Add metal and money to the list with these symbols, then make the API call.
4- As a programming language, you can choose between JSON and PHP.
Also published on Medium.