Looking to get reliable London Metal Exchange (LME) prices? Well, we have excellent news for you! We have found a wonderful LME historical rates API! And you want to know more? Well, in this post we will inform you about this API and all the functions it includes!
The London Metal Exchange is the largest metal futures and options market. Just as there are derivatives markets specialized in stocks, energy or even agricultural products, this market is specialized in metals. Although it was founded in 1877, its origins date back to 1571, when merchants began to meet regularly to buy and sell metals. In these beginnings, the sale of metals was not done with financial derivatives, but with the metals themselves.
At that time, the Royal Exchange began to be used, although in the 19th century so many traders began to appear that it was impossible for all of them to be in that facility. So they began to meet in cafes, in the City, although this informal “market” was not able to solve the problems that buyers and sellers had. Although the metal whose price is usually followed in the markets is gold, and to a lesser extent silver, the London Metal Exchange bets on the price of many other metals. The market classifies metals as non-ferrous (aluminum, copper, zinc, nickel, tin and lead), precious metals (gold and silver), minor metals (cobalt and molybdenum) and steel.
Getting reliable LME prices is not always easy, especially for people from other countries like the United States, China, and Japan, among other options. Therefore, for foreign citizens, we advise you to use Metals – API, an excellent API that will allow you to obtain metal prices! Also, it is very easy to use! All the details are here!
Metals – API brings reliable LME Historical Rates!
Looking to get London Metal Exchange prices? Well, Metals – API is the option you are looking for. As the name implies, this platform is an API. If you understand that it is an API, you will know why it is easy for this platform to obtain data from LME. But for those who don’t know, what this system does is to be a bridge between the user and the London Metal Exchange. Through this “bridge” the information about the metals will circulate and reach the user. But you will not only find information about LME but also about other famous metal exchanges such as BSE, LBMA, and NYMEX, among other options.
And for metal investors, this tool is very useful. With it, you will be able to obtain metal prices almost automatically. You will be able to get the historical prices of the metals (this will help you create charts to compare the current prices with the prices of the past, helping you to draw a conclusion). Also, you will receive opening and closing prices, the highest and lowest prices of the day, and much more data!
And as we mentioned before, this platform is very good for foreign citizens. You can get LME prices in USD, Euro, Chinese Yuan, Japanese Yen, Indian Rupees, Canadian Dollars, and many more legal tenders. Do not forget to register and confirm your account in your email. After choosing the payment plan and making the payment with your card, you can start using Metals – API!