Would you like to get live Metal prices? Well, surely, you want to get them from the London Metal Exchange (LME), one of the most prestigious sources of information on the metals market. It is the best LME historical rates API.
Metals are chemical elements capable of conducting electricity and heat, shine, and a characteristic feature that, except for mercury, they are solid at normal temperature. The term is used to refer to pure elements or alloys with metallic characteristics. Among the differences with non-metals can be mentioned that metals have low ionization energy and low electronegativity. Metals are tough (can receive sudden forces without breaking), ductile (can be molded into wires or cables), flexible (turned into blades to be compressed) and have good mechanical strength (can resist tensile, bending, torsion, etc).
Of the 118 elements in the periodic table, metals make up 80% of the elements. Some examples of famous metals are aluminum (the most abundant metal in the earth’s crust), copper (very famous for making jewelry, kitchen utensils, and electrical supplies), gold (the most malleable and ductile metal, of great beauty in its pure state), iron (it is the most common metal on Earth since it forms a large part of the planet’s core), among others.
When it comes to commodity metal exchanges, the most famous is the one located in the United Kingdom and its name is the London Metal Exchange (LME). It currently has a sales volume of more than US$8.5 billion annually. To track LME prices, there are many APIs for this, but the best of all is Metals-API, as it is the most complete service of all. Next, in this informative article that we prepared for you, we will tell you more details about this API.
Why should you use Metals-API?
You are probably wondering, “what is Metals-API?”. Well, it is the API to obtain the most famous and used metal market price in the world. The reasons are multiple and one of them is its excellent sources of information, which certify the reliability of the information. Currently, it works with several commodity exchanges such as the London Metal Exchange (LME), the Chicago Stock Exchange (CBOT), and the Bombay Stock Exchange (BSE), among others. With these sources, the quality of the information is guaranteed.
On the other hand, metal data is obtained in real time, with an accuracy of 2 decimal places and a frequency of up to every 60 seconds. Capabilities include delivery of precious metal exchange rates, time series data feedback, fluctuation data, and the lowest and highest price of any day.
And regarding the price of this system, Metals-API offers several plans. Yearly plans with monthly limits. You will only pay once a year. The paid plans, will offer you better benefits and are designed for entrepreneurs with great needs. Prices for these plans range from $10 to $1,200 per year (not monthly). But, there is also a free plan with some limitations. But if these limitations are not a problem for you, you can get the LME prices without paying anything!
If you have any questions, remember that on the web you will find a manual on the operation of this system. But if there is something you don’t understand, there is a virtual chat, always online from 9 a.m. to 6 p.m. (GMT+1).
Also published on Medium.