Do you want to get Rhenium rates via an API? This article will provide you with all of the necessary information.
Rhenium is a heavy, silvery-gray transition metal in the third row. It’s used in x-ray machines and oven filaments, among other things. Because it is wear-resistant and arc-resistant, it is also used as an electrical contact material.
Because of its restricted availability relative to demand, this metal is expensive, with prices reaching an all-time high of US$10,600 per kilogram in 2008/2009. Due to increasing rhenium recycling and a decrease in demand for rhenium in catalysts, the price of rhenium had dropped to US$2,844 per kilogram as of July 2018.
For all these facts, obtaining rhenium rates could be critical to your company’s success. You may use this information to determine the optimal time to invest. An API, which is a user interface that shows data obtained from a given area, may be used to acquire this information. This provides you with a great deal of information in a short period.
How Does An API Works
Before being transmitted back to your device, the data is reviewed and required security steps are implemented in the API’s operations. The computer then analyzes and presents the information. You should be aware that not all APIs deliver the same information, in the same way, so you must select carefully to avoid wasting money.
Metals-API is a good choice if you require the most up-to-date prices. It’s the newest API for this purpose, and it supports a variety of metals and currencies. It collects and updates all important data from the world’s main financial institutions every minute. It includes historical and current rates as well as information on metal price variations.
To subscribe, follow these steps:
- To get an API key, go to www.metals-API.com.
- You may choose from a variety of Rhenium symbols (RHENIUM) and currency indicators on the site.
- Once metal and currency have been added to the list of symbols, make the API request.
- The two coding languages accessible are JSON and PHP. To get a response, use the “run” button.
The following data will be displayed:
{
"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
Metals-API is a tool that provides accurate and up-to-date data on any precious metal in any currency. The free plan’s data is updated once each hour and is accurate to two decimal places. In this instance, you will also receive 50 API calls every month. If you purchase an annual package, you will receive more API calls and data per minute.
Our software gets data from over 15 reliable data sources every minute. Among them are banks and financial data suppliers. As a consequence, you’ll get extremely accurate pricing. Metals-API covers precious metals such as rhenium, silver, aluminum, platinum, and palladium.