Get LME Copper prices in euros with this live metal prices API!
Copper may be found in a variety of environments, including as the main mineral in basaltic lavas and as a reduced form of copper compounds. Chile, Peru, and China are its largest producers, whereas Europe mined around 916 kilotonnes of copper in 2016, accounting for 4.6 percent of world production.This product’s significance stems from the fact that it is extremely malleable and ductile, and it is utilized as a heat and electricity conductor, as well as a building material.
This information demonstrates how important copper is in a variety of industries. Given the importance of copper in the global economy, it stands to reason that you’d want to stay current on the metal’s prices at all times.
As a result, if you want to know the most up-to-date pricing around the world, you should go to the London Metal Exchange (LME). The London Metal Exchange (LME) is a futures and forwards exchange in London, England, that has the world’s largest market for standardized base metals forward contracts, futures contracts, and options. Contracts for ferrous metals and precious metals are also available on the market. Aluminum, copper, gold, silver, cobalt, and zinc are all marketable metals.
Use a metal prices API
API is an abbreviation for Application Programming Interface. What does it mean? It is software that links and transfers data between two or more devices. Many companies use it to show different types of information to their users.
There are various APIs accessible on the internet that provide metals information; nevertheless, obtaining good rate data may be problematic. Not all of them send rates in troy ounces. For palladium rates in troy ounces, we recommend Metals-API.
You must follow the next instructions:
- Acquire an API key from the website www.metals-API.com.
- Following that, you’ll discover a slew of metal and currency icons. Select the XPD (Palladium) symbol and the currency sign.
- Utilize these symbols to include metal and currency in the list.
- Moreover, you can choose a programming language and a price range. You have the option of using JSON, PHP, or Python.
- Then all you have to do is click the “run” button and you’re finished! The response will be displayed on your screen. This API will provide rates in troy ounces.
Metals-API is a simple API that provides data on a wide range of metals, from copper to gold to palladium to HRC steel. You may also track the value of these metals in over 170 currencies, like USD, EUR, and BTC. It gathers information from reliable banks and financial institutions. Furthermore, both small and major organizations, such as the multinational Barrick Gold, use it.
This API provides real-time precious metals data with a two decimal point precision and a periodicity of up to 60 seconds. You may analyze values over time and determine the optimal time to invest by using current and historical prices. For this aim, metals-API is also used to detect fluctuation data.
Also published on Medium.