If you need an API that gives you Molybdenum rates, you must read this article.
Molybdenum is a silvery, gleaming metal. It’s used to manufacture alloys, such as steel alloys, to boost strength, hardness, electrical conductivity, and corrosion and wear resistance. These ‘Moly steel’ alloys are found in engine components. Molybdenum is also used in catalysts for the petroleum sector, circuit board inks, pigments, and electrodes.
This metal has a very fluctuant price, although in the last three months the value has stayed stable. Nothing assures that new changes will experiment in the price, so if your company needs molybdenum it’s important to take this in mind to decide the best moment to buy. To get this information in real-time you need an API that is a programming interface that connects two devices that send data between them.
We’ll utilize Metals-API, one of the most well-known and comprehensive APIs for precious metals pricing, to help you make that selection and to further explain how everything works. This will provide you with both real-time and historical metal prices. Price fluctuation data may also be used to analyze price fluctuations. Data is available in USD, Euro, and 170 other currencies.
You must first accomplish the following to take benefit of it:
- Your API key may be generated at www.metals-API.com.
- Look for a metal called Molybdenum (MO) including the currency you want to use.
- Use these symbols to include metal and currency on the list. Afterward, execute the API request. You may also select a programming language and a price range.
- Then you finalize it by pressing the “run” button.
This is how the finished product will appear:
{
"success": true,
"timestamp": 1519296206,
"base": "MO",
"date": "2018-09-10",
"rates": {
"AUD": 1.566015,
"CAD": 1.560132,
"CHF": 1.154727,
"CNY": 7.827874,
"GBP": 0.882047,
"JPY": 132.360679,
"USD": 1.23396,
[...]
}
}
Why Metals-API
Metals-API is visited by a large number of developers, small businesses, and large companies daily. Barrick Gold, Chainlink, and Glencore are among the more than 500 firms that use this API. They may use this tool to quickly and easily find current global market prices for any metal.
Because it gets data from roughly 15 respectable data sources every minute, such as financial institutions, Metals-API is the most reliable source for real-time precious metals rates. To create real-time apps and software using the data, a variety of programming languages, such as JSON, Python, and PHP, may be employed.