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Get Aluminium Rates API In Australian Dollar

Aluminum is a chemical element that occupies position number 13 in the periodic table, with the symbol Al. It has a density lower than most other common metals and it has a significant affinity for oxygen and forms a protective layer of oxide on the surface when exposed to air. 

Cans, foils, cooking utensils, window frames, beer kegs, and aircraft components are just a few examples of aluminum-based goods since it’s the metal with the second-highest malleability and the sixth-highest ductility. In Australia, there are currently four aluminum smelters operating. In 2020, production was 1.59 million tonnes, of which Australia exported 1.43 mt. Because of that, the country is the world’s sixth-largest producer of aluminum.

If you wish to know and understand more about this topic, we recommend you to check Metals-API, one of the most popular free APIs that delivers fast and accurate information about the precious metals market. The data may be refreshed every hour with the free plan, and it has a precision of 2 decimal points. In such case, you’ll also receive 50 API calls every month. You will, however, receive extra API calls and data every minute if you purchase an annual package.

What is Metals-API?

Metals-API.com displays the price of the world’s most expensive metals, such as gold, silver, aluminum, platinum, and palladium. Data from the website may be utilized in a variety of locations, including spreadsheets, other websites, and mobile apps.

So, where does all of this data originate? Every minute, Metals-API gets data from over 15 reliable data sources. Banks and financial data providers are among them. As a result, the pricing you receive is quite precise.

How does it work?

To get the data, you must first log in to the website, obtain an API key, and then pick the currency and metal you desire. That’s all there is to it, and you may use the API any way you like.

Metals-API uses JSON API, or JavaScript Object Notation, which is an encoding technique that eliminates the need for each application to write its own ad-hoc code in order to connect with servers that communicate in a specified fashion. Entity types, bundles, and fields, as well as data storage and data structures, are all implemented in the JSON API module.

Main Features

It accepts more than 170 different currencies, commodities, and cryptocurrencies such as Bitcoin and Litecoin. Using the same API endpoints, any quantity may be converted from one currency to another, as well as from one metal to any metal and any currency to any currency.

The Metals-exchange API’s rate data is entirely midpoint data. The average median rate of Bid and Ask during a certain time period is used to determine midpoint rates. EOD / End of Day historical exchange rates are also available through the Metals-API API, which are available at 00:05 GMT the day before and are time-stamped one second before midnight.


Also published on Medium.

Published inAppsTechnology

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