Would you like to get tungsten rates in the legal tender of the UK? Well… today you will find the solution to your problems. What is the solution? An API is responsible for delivering the prices of metals such as tungsten.
Tungsten is a natural element that is normally found in the environment in solid form. In nature, it is found in rocks and soil as minerals, but it is never found as a pure metal. There are two types of tungsten ores, called wolframite and scheelite, that are mined commercially. The ore is processed to recover the tungsten and convert it into chemical compounds or metal. Elemental tungsten, like elemental copper or gold, is a metal. Its color varies between white like tin (for pure metal) and steel gray (for metal-containing impurities).
Tungsten can be used as a pure metal or mixed with other metals to form alloys. Tungsten alloys tend to be hard and flexible, resist wear, and conduct electricity well. Tungsten and its alloys are used as filaments in light bulbs, in the part of X-ray tubes where X-rays are generated, as catalysts to speed up the rate of chemical reactions, as components of steel in high-speed tools, in needles phonographs, as welding electrodes and as gyroscope disks. They can also be used in bullets (instead of lead) and in armor-piercing ammunition (instead of depleted uranium). Chemical compounds of this metal are also often used, such as tungsten carbide, a hard substance used to make polishing discs and tools for cutting or shaping metals.
However, currently, the price of tungsten is not experiencing its best moments. Russia is the third largest importer in the world and due to the war and economic sanctions, this metal began to be scarce in Europe. Therefore, to prevent these situations we suggest you use the Metals-API service.
Why Metals-API?
The best service to find tungsten prices in British pounds is Metals-API. Additionally, it is the most trustworthy of all because it gets all the information from credible sources. The famed London Metal Exchange is one of its suppliers. Jewelers Mutual Group, Injective Protocol, and Metex are a few of its clients, among others.
Additionally, you should be aware that metal prices are collected in real-time, with a frequency of up to every 60 seconds, and with a precision of 2 decimal places (depending on the plan you choose clearly). Precious metal exchange rates, time series data feedback, fluctuation data, and the lowest and highest price of any day are just a few of the capabilities. Even better, it has a great system for converting legal tenders. You do not need to see the prices in dollars or euros, you will directly obtain them in the British pound.
There is a version where you don’t have to pay anything, and six more paid editions of this system, so if you’re asking how much it costs, you should know that. You can easily examine the prices with any option, but there are certain restrictions. Prices each year range from $10 to $1200. (not monthly).
Finally, two last details. First, you should know that there are a total of 4 programming languages available to obtain these prices, which are JSON, PHP, Python and C Language. The second detail is that any questions you have; on the website you will see a virtual chat available to chat with customer service.
Also published on Medium.