Are you looking for scandium rates? In this post, we explain how to get it using an API.
Scandium is a silvery metal that tarnishes when exposed to air, burns rapidly, and interacts with water. It is mostly used for research. It has considerable promise, though, because it has virtually the same density as aluminum and a significantly higher melting point. Fighter planes, high-end bicycle frames, and baseball bats have all employed an aluminum-scandium alloy.
Scandium iodide is mixed with mercury vapor lamps to provide a highly efficient light source that resembles sunshine. These lights aid television cameras in producing accurate color reproduction whether recording indoors or at night. Scandium-46, a radioactive isotope, is employed as a tracer in oil refining to track the movement of different fractions. It may also be used to identify leaks in subsurface pipelines.
The world supply and consumption of scandium have been estimated to be between 15 and 20 tons per year. The top three producers were China, the Philippines, and Russia. Scandium oxide prices in the United States have reduced compared to 2018.
As you can see, it is a fairly young market with a lot of potentials, and if you want to invest in any of these firms, you must keep up with scandium pricing. Not only are current prices shown, but so are historical prices, allowing you to keep track of the variables influencing the value of the metal of concern. Keeping all the rates and factors that influence the scandium price will help you to decide the best moment to invest. You should, nevertheless, obtain an API to track scandium rates.
How Does An API Work?
An Application Programming Interface (API) is incredibly useful for exchanging data across various devices. You may use it to build your app or website by copying and pasting it into a variety of computer languages.
Because not every API online is reliable or works in the same manner, Metals-API is the most comprehensive API for this purpose. It collects data from the most trustworthy sources all around the world and is very simple for programmers to utilize to develop pages and applications and share information with your company’s audience.
It is very easy to use, you should follow these steps:
- Create an account at https://metals-api.com/. On the right side of the page, there is an ‘API-key’ button; click it.
- Look for the symbols that correspond to your quest.
- Use them to make an API call. However, first, create a three-letter code for your chosen metals and a base currency for your intended currency.
Metals-API is a piece of software that gives real-time metals pricing information. You have access to over 170 different currencies. It makes no difference whether the data is genuine statistics or historical rates. It’s the most accurate and fastest API in the metals market.
Price changes may also be utilized to identify the main causes of change and the best time to buy. It includes New York rates API as well as information from other financial institutions. You may use a variety of digital technologies to incorporate the data in your website or app, such as PHP, JSON, and Python.