Are you looking for DMO prices in any currency with an API? Read this article and check how!
Molybdenum is a silvery white metal with high strength, ductility and corrosion resistance at high temperatures, characteristic that make it a key alloying element in the metals industry. Thanks to its unique chemical nature, molybdenum can be used in various fields. In fact it has been discovered to be essential for life. Let’s have a closer look at molybdenum properties and uses.
DMO has excellent creep-resistance properties, which makes it an important material for alloys used in high-temperature applications (such as rocket engines). Molybdenum is used for several industrial purposes. For example, molybdenum is used as an alloy for high strength and corrosion-resistant metal, high strength bolts and in aircraft and rocket construction. Molybdenum is also used as an alloy in cast iron to improve malleability. Molybdenum is also to make pigments for glass, ceramics and painting.
Why Should You Use an API?
As I am sure you have noticed by now, metal prices are always changing. They can vary wildly from day to day and even hour to hour. Sometimes it may seem as though they are random and that it is impossible to know what they will be in the future. They can change based on many different factors that are beyond your control…but predicting how the price of the metal will fluctuate can be predicted if you understand the market forces at play.
If your organization utilizes DMO, keeping up with market prices is critical for these reasons. The London Metal Exchange is the organization that keeps track of market pricing and updates any changes. As a result, you’ll need a tool that can keep you up to date. This tool is an API.
What Exactly Is An API?
The Metals-API is capable of providing real-time precious metals rate data, thanks to its 10+ exchange rate data sources. There are several endpoints in the API, each of which has a different function. Get the most recent exchange rate data for any or a particular group of currencies, translate sums from one currency to another, retrieve Time-Series data for one or more currencies, and ask the API for regular fluctuation data are all endpoint functionalitie
Metals-API started as a basic, lightweight Open-Source API enabling banks to get current and historical precious metals prices. The API can provide real-time precious metals data with a 2 decimal point precision and a frequency of up to 60 seconds through API. Among the features accessible are time-series data, volatility statistics, and the day’s lowest and highest prices, as well as precious metals exchange rates and currency conversion. The API provides precise precious metal exchange rate data in over 170 currencies throughout the world, including Bitcoin and other major cryptocurrencies.
Main Characteristics:
- Periodicity in real time, history, and tick-by-tick API
- Real-time metal prices metal of the platinum group and base metals API
- Spot and future prices of gold, silver, palladium, lead, and platinum throughout history
- Real-time precious metals prices Gold, silver, palladium, lead, and platinum are the four precious metals API
- Intraday and historical charts API
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