Rhodium is a silvery-white metal that is extremely reflective and corrosion resistant. It is the world’s rarest and most valuable precious metal, far exceeding gold and silver. Rhodium gets its name from the Greek word “rhodon,” which means “rose,” and is named by the rose-red color of its salts.
Is highly reflective and hypoallergenic, making it ideal for jewelry. Because no rhodium mines have been identified, rhodium is the most expensive metal on the planet.
Rhodium is primarily used in automobile catalytic converters (80 percent ). Nitrogen oxides in exhaust fumes are reduced. Rhodium is also utilized in the chemical industry as a catalyst in the production of nitric acid, acetic acid, and hydrogenation processes.
A rhodium coat’s demise can also be hastened by frequent contact with water. As a result, rhodium-plated jewelry should be removed before washing your hands, showering, or swimming.
There are various APIs for learning about metal pricing available online if you want to learn about Rhodium or any other metal. One of the most popular free APIs is Metals-API. It offers live and historical precious metals rates in an easy-to-use interface. This API gives direct pricing and quotes for precious metals such as gold, silver, copper, nickel, aluminum, and other base metals in a range of currencies.
Metals-API.com gives API access to live precious metals market data with a resolution of 2 decimal points and a refresh rate of 60 seconds.
- Access institutional quality real-time precious metal prices via an easy-to-use API by using a trusted Gold price and Silver price API used by hundreds of firms in the industry.
- Easily incorporate real-time Gold and other metal prices into your applications, such as spreadsheets, websites, mobile apps, and other corporate applications.
- Reduce the time to market for apps that require precious metal prices dramatically.
- By utilizing cloud APIs, you can eliminate the pains and complexities associated with legacy feeds.
- Real-time, historical, and tick-by-tick periodicity API
- Precious metals prices in real-time Gold, silver, palladium, and platinum API
- Metals prices in real-time Base metals and platinum group metals API
- Historical and intraday charts AP
- Gold, silver, palladium, and platinum spot and future prices throughout history.
Metals-API collects market data prices from a variety of trading sources and institutions around the world, with different forms and frequencies. Commercial sources, particularly for major currencies and metals, are given a larger weighting because they more precisely reflect market exchange.
Our system uses a unique “validation and fallback” approach that assigns different priority to each data source and validates each metal/forex rate as it enters our databases to achieve the highest level of data coverage and correctness. If one source for this currency pair fails to provide a reliable quote, the next highest provider is contacted. This allows us to eliminate inconsistencies and deliver precise spot exchange rates to six decimal places for the great majority of currencies.
Also published on Medium.