Tired of always finding copper prices in the wrong dollar? We know that the US dollar is not the only dollar that exists, there is also the Australian dollar. If you want to see copper prices in this currency, we recommend you read this post.
Copper is a chemical element with a metallic, reddish appearance and belongs to the group of transition metals. Properties of this type of metal are its high hardness, having high boiling and melting points and being good conductors of electricity and heat. The chemical symbol for copper is Cu (periodic table).
Copper is used for water and gas supply pipes, to make computer heat sinks, musical instruments, coins, kitchen utensils, jewelry, ornaments, statues, alloys, among other things. But without a doubt, its best-known use is for its electrical conductivity, which made it the most widely used material for making electrical cables.
To get an idea, a modern house requires about 200 kilos of copper, practically double what was used 40 years ago, since it has more bathrooms, more electrical appliances, greater comfort, more telephones and more computers. While a new car uses about 20 kilos of copper. For a developed country like Australia, it is evident that copper is a widely used material. If you are a businessman from that country, surely you want to be updated with the prices of this metal.
In order to know this, we will use the Metals-API.
What is Metals-API?
Metals-API is an API, that is, a set of protocols and definitions used to integrate and develop app software. Its objective is to be a kind of link or union between us and international companies that provide prices for metals such as copper. In this way, we will be able to access the updated prices (accuracy of 2 decimal points and a frequency as high as every 60 seconds) from the comfort of this service.
But not only this, it also includes a currency conversion system, so you can see the prices in the currency of your choice and at the official price of your country. So, yes. You will be able to see the prices in Australian dollars.
If you have any questions or problems, Metals-API is always online from 9 am to 6 pm (GMT+1). Just send a message through the contact form or email and the customer service team will be with you shortly. Urgent requests are usually handled within minutes.
Also published on Medium.