Get nickel prices from reliable sources with a metal prices api for free!
Metal Prices: Obtain Nickel Prices
Since February 24th, we have been living in a scenario that moves too fast with the beginning of the invasion. The whole situation was a complete surprise. Not a single country had a contingency plan to face the constant rise of prices in the raw materials area. This conflict triggered levels of inflation rarely seen around the world. The global economy is going through a critical volatility situation: banks and stock exchanges worldwide are more required than before.
The value of nickel has risen dramatically in recent weeks since the United States announced that it will no longer import nickel from Russia. The report warns that the United States’ reliance on foreign supplies of battery metals like nickel might harm national security. The exclusion of battery metals from energy limits may emphasize the risk of relying on other countries for them as the United States converts to cleaner forms of energy, such as electric cars.
Above all, you’re in a rush to create an emergency plan for your company or need to relocate your investments, predictability becomes crucial. None expects this invasion to end soon, so we need to be ready for permanent volatility and more unforeseen circumstances.
If you’re considering investing in nickel or if the nickel price affects your business, the simplest method to determine is to examine pricing data over time and see how it’s evolved. In this particular instance, we suggest you to try out a metal prices api for free!
What Is an API?
API stands for Application Programming Interface. What does it imply? It is a piece of software that interacts and transfers data across two or more devices. It’s common in online banking and social networking services.
There are several APIs available on the internet that give metal data; however, collecting excellent rate data may be difficult. Regrettably, not all of them send rates from the Shanghai market. Metals-API is a good source for nickel rates.
This API provides data on a variety of metals, including nickel, gold, palladium, and HRC steel. Moreover, you can monitor the prices of these metals in over 170 other currencies, including USD, EUR, and BTC. It collects data from well-known financial firms. Rates for COMEX/NYMEX are also accessible. Furthermore, it is utilized by companies of all sizes, such as the worldwide mining company Barrick Gold.
This API delivers real-time precious metals data with an accuracy of 2 decimal points and a frequency of up to 1 min. You can analyze indications and determine the best moment to invest by using current and historical pricing. For this aim, metals-API may also be used to detect fluctuation data.
Also published on Medium.