Do you want to get LME Aluminium spot prices? Check this article!
Aluminium is considered one of the most important metals worldwide because it is used for many purposes. For example, it is used for cans, foils, culinary utensils, window frames, beer kegs, and aircraft parts.
Furthermore, this metal is leading in the market according to a study it is expected to rise in the next months because it is really demanding by many countries. Nowadays, China is the most producer in this industry.
As a result, investing in this industry may be a good option because this metal plays an important role in many industries. That is why you should keep track of prices in order to know when it is the best time to invest in it and when the price will rise or fall.
The best technology for keeping up with metal pricing is to use an Application Programming Interface (API). The London Metal Market (LME), the world’s largest exchange for industrial metals, is one of the data sources accessible via this API. With this technology, you will be able to analyze the industry based on prices and see how it has changed over time.
How Does An API Work?
API serves as a go-between for any two machines that must communicate in order to complete a task. An API, which acts as a bridge between you and the service provider, allows you to send and receive requests.
If you don’t know how to get an API, Metals-API is the best solution for your business because it is the most comprehensive method of gathering LME Aluminium spot prices in real-time. Using this tool will save you money and time.
To obtain LME Zinc spot prices, follow these steps:
- Get your API key from www.metals-API.com
- In the website’s list, look for the LME Aluminium (LME-ALU) symbol and currency sign you want to use.
- Using these symbols, add metal and money to the list, then make the API call.
- You have the option of using JSON, Python, or PHP as a programming language.
As a result, the end result will be as follows:
{
"success": true,
"timestamp": 1519296206,
"base": "LME-ALU",
"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,
[...]
}
}
About Metals-API
Metals-API allows you to quickly and easily find current global market prices for any metal, it is the most comprehensive tool for investors, traders, and anyone else interested in purchasing, selling, or trading metals (including tin and gold). Furthermore, every minute, this software collects data from approximately 15 reliable data sources. Prices are obtained from banks and financial institutions. That means the data is extremely precise.
Metals-API includes a search engine for locating current pricing data streams for a specific component or element combinations. The API is available in both JSON and PHP and can be used to perform a wide range of programming tasks. Metal prices are obtained from various sources, such as Bloomberg, Reuters, and others, as well as futures and options.
Also published on Medium.