Do you want to know rhenium rates in real-time? This is the article for you!
Rhenium is a silvery gray heavy transition metal. It is generally produced as a by-product of the extraction and processing of molybdenum and copper ore. In its compounds, rhenium’s oxidation state varies greatly.
Jet engines use nickel-based superalloys of rhenium for combustion chambers, turbine blades, and exhaust nozzles. Because these alloys include up to 6% rhenium, jet engines are the most typical use for the metal. Rhenium is an excellent hydrogenation and isomerization catalyst, and it is used in the catalytic reforming of naphtha for use in gasoline.
Because of fluctuations in supply and demand, the price of rhenium fluctuates a lot. Prices reached an all-time high of US$4,800 per pound in 2008/2009 due to its restricted availability relative to demand. Because of increasing rhenium recycling and decreased demand for rhenium in catalysts, the price of rhenium has dropped to US$1,290 per pound as of July 2018.
Because of these factors, breaking into the Rhenium industry might seem hard, but it isn’t impossible if you have the correct tools. And while there are several of them available online, only Metals-API includes real-time currency and metals data.
What is Metals-API and how does it work?
It’s an API or Application Programming Interface. Metals-API collects real-time precious metals data that is updated every 60 seconds and is accurate to two decimal places. Delivering Precious Metals exchange rates, converting particular currencies, and providing Time-Series and fluctuation data are just a few of the choices available. Any number may be converted between currencies, metals, and currencies such as Rhenium, gold, and magnesium using the tools given.
Using the tools supplied, any number may be translated between currencies, metals, and currencies such as rhenium, bronze, silver, and uranium. You can get real-time rhenium pricing and boost your investments by doing so.
It’s really simple to sign up:
- To get an API key, go to www.metals-API.com.
- Look for Rhenium symbol (RHENIUM) in your preferred currency.
- Before making the API request, use these symbols to add metal and money to the list. You may also select a programming language and a price range.
- To complete the objective, you must press the “run” button. On your screen, the API will show.
{
"success": true,
"timestamp": 1519296206,
"base": "RHENIUM",
"date": "2018-09-10",
"rates": {
"AUD": 1.566015,
"CAD": 1.560132,
"CHF": 1.154727,
"CNY": 7.827874,
"GBP": 0.882047,
"JPY": 132.360679,
"USD": 1.23396,
[...]
}
}
Why Metals-API?
This is the best tool to obtain rhenium prices in real-time. Bitcoin and Litecoin are among the more than 170 currencies, commodities, and cryptocurrencies accepted. The API is defined in JSON, which stands for JavaScript Object Notation and avoids the requirement for each app to write its own ad-hoc code to connect to servers that communicate in a certain way.