Follow the track of Nickel, Copper, and Iron prices with this metal prices API in just a click!
Russia and Ukraine are both heavily reliant on the mining of nickel, copper, and iron to support their economies. Currently, these prices have been dropping dramatically. While demand for each metal is fairly steady, the supplies are not. As a company, it is important to take a look at the track of these fluctuating prices with us and see what you can do to prepare yourself for the future market conditions.
Brief Introduction About Metals
Metals are natural substances and the oldest materials used by human societies. The world has grown very much in the last 100 years thanks to metals, and their importance is still increasing. Most of the remarkable discoveries, inventions, and social changes in recent centuries have been driven and enabled by developments in metals technology.
About APIs
As the importance of the metal market is constantly increasing, you should be aware that there are several APIs for precious metals rates that you may use. While Kitko is one of the most known names when it comes to precious metals APIs, some of its competitors proved to get along with themselves better.
If your company deals with Nickel, Copper or Iron prices, it is important to keep track of them regularly with an API. The fluctuation of metal prices in russia and ukraine due to war can cause fluctuations in the price of copper, iron, or nickel. If a country is fighting in a war, their production abilities decrease causing the price of these metals to increase. This will also cause all products related to these metals to rise, including steel and electricity production.
As a result, we suggest you to use this API:
Metals-API
Metals-API is a piece of software that gives reliable and up-to-date information on any precious metal in any currency. The free plan’s data is refreshed every hour and has a two-decimal point accuracy. In this case, you will also receive 50 API calls every month. When you buy an annual package, you will get more API calls and data per minute.
This software is used by thousands of developers, small enterprises, and Fortune 500 companies on a daily basis.Metals-API is the most reliable source for real-time precious metals pricing, thanks to its dependable data sources and 6+ years of experience.You can sign up here
Metals-API receives market data prices in a range of formats and frequencies from a variety of trade sources and organizations throughout the world. Commercial sources are given more weight because they better reflect market exchange, especially for large currencies and commodities.
Key Benefits
- Access institutional quality real-time precious metal prices through an easy-to-use API using a trusted Gold and Silver pricing API used by hundreds of companies in the industry.
- Easily include real-time Gold and other metals prices in your spreadsheets, websites, mobile apps, and other business applications.
- Reduce the time it takes for apps that rely on precious metal prices to reach the market.
- Using cloud APIs, you may get rid of the aches and complexities of legacy feeds.
READ MORE:
Precious Metals Data Feed: The Best APIs for You – TheStartupFounder.com
Also published on Medium.