Are you looking for the future prices of metals? You are very lucky, as today we will end that search. In case you did not know, there is a tool that was created for this purpose and we promise you that it will be worth using this API for metal prices.
Metals are raw materials without which an industrialized economy could not exist. Iron and steel in particular are widespread and essential for meeting basic needs such as housing and mobility. The production of basic metals includes the activities of smelting or refining ferrous and precious metals, and other non-ferrous metals obtained from ores or scrap, using metallurgical techniques. It also includes the production of metal alloys and superalloys by adding certain chemical elements to pure metals.
The result of smelting and refining, usually in the form of ingots, is used in wire drawing, rolling and extrusion operations to make products such as plates, sheets, strip, bars, wire, tubes, pipes and hollow sections, and in liquid form for making castings and other base metal products. Base metal production has boomed in recent years due to a significant increase in metals prices. The new investments, in most developing countries, created new possibilities for employment and development, driven by the high prices of metals such as gold or rhodium.
The fall in prices of most metals indicates that the growth experienced in the sector has probably stopped. For this reason, many recommend giving the futures market a chance and reducing the use of the spot market. This system consists of entering into contracts for the purchase or sale of certain metals at a future date, agreeing on the price, quantity and expiration date in the present. And if you are looking for a system to obtain them, Metals-API is the best.
Why Metals-API?
Use the greatest API available if you want to learn about future metals rates. Due to the fact that the data is provided by stock exchanges with a focus on metals, Metals-API is known for its incredibly reliable information sources. These include the LME, the NYMEX, and the CBOT. 200,000 clients have already voiced their delight with the service as a result of this.
Additionally, Metals-API has the ability to give real-time metals rate information. The API has several endpoints, each of which serves a different use case. Obtaining the most recent exchange rates for all or a specified group of legal tenders, converting sums between legal tenders, receiving Time-Series data for one or more legal tenders, and inquiring about daily fluctuation data from the API are all endpoint functions.
How is Metals-API used?
1. First, go to www.metals-API.com and click “obtain API key” in the upper right part of the website.
2. After that, choose a plan and join up. One of the eight Metals-API options is uncharged, but the others have annual fees. You should thoroughly read each of the eight plans before deciding which is ideal for you. And of course, they all include the ability to view future metal prices.
3. Next, select the metal you need and the legal tender you prefer. It could be the Australian Dollar, Japanese Yen, Chinese Yuan, etc.
4. Make the API call once you have finished the previous steps.
5. JSON, Python, PHP o C Language are your options for programming languages.
With all these features, it will be very easy for you to obtain the future prices of metals!
Also published on Medium.