Looking to get historical and accurate rates from the London Metal Exchange (LME)? Well, for that, this wonderful LME historical rates API is the best option for you or your company. This API works with this metal exchange and we assure you that it will be able to provide you with all these prices.
According to data from 2013, more than 80% of commercial processes related to non-ferrous metals are carried out through LME, which would be equivalent to 14,600 trillion dollars. The London Metal Exchange (or better known by the acronym LME) has the objective and main function of being able to offer a global forum so that all producers and sellers who so wish can manage the risk of future movements with information. That will keep the price of non-ferrous metals, which changes considerably all the time.
All material traded on the LME meets very rigorous quality standards. An important piece of information has to do with the fact that the prices of non-ferrous metals that appear published on the London Metal Exchange are frequently considered to be a true and efficient representation of both supply and demand for each sector linked to the metals market. the metals. Hence the importance of this space for metal producers and sellers, as well as for the fields of design, construction, and machinery development, among other spaces that make metals a fundamental raw material.
In fact, it is the most important metal exchange in the world. None can compare to the importance of SCI to the world. However, it is also true that knowing the rates of this system is not an easy task. For this reason, we want you to be able to easily access them, using Metals – API, the best digital tool to obtain metal prices.
Obtain LME Historical Rates accurately through Metals – API!
An API, or rather Metals – API, is what you should use to get LME prices. In case you didn’t know, an API (Application Programming Interface) allows products and services to communicate with each other. In this way, the user obtains the information more easily. So, when the client executes an API call with Metals – API, this service will automatically connect with LME. Subsequently, LME will deliver the information (the price of metals), and Metals – API, will give the information to the client. It is a complicated process, but thanks to this system, this process is simplified.
You will not only be able to access LME prices, but also historical prices. Being able to access data from the past will allow the user to analyze the current situation in greater detail. You will also be able to create graphs to better analyze the information and draw better conclusions. These are small details that make this platform one of the best in the world.
Finally, if you want you can try the multiple endpoints that this system offers. For example Time – Series Endpoint is a function that will allow the user to obtain daily historical rates between two dates of your choice, with a maximum time frame of 365 days. Like this endpoint, there are many more. Each one has different functions. If you have questions about how to use each one or when to use them, you just have to contact customer service. They will help you with anything.