Do you need an API that provides you with rhenium rates in tonnes? Here, you’ll find all the data.
Rhenium is extracted from mineral raw materials in the United States, Germany, the United Kingdom, France, and Belgium, among other nations. Metal rhenium and its alloys are used to make a variety of items in Japan, Canada, and the Netherlands.
In comparison to 2015, rhenium output in other countries grew by 9% by 2020. This was mostly owing to a considerable rise in rhenium output in the United States, which is the world’s largest producer and user of this rare metal. The United States generated over 72 percent of all rhenium in 2020. Between 2015 and 2020, this country’s output nearly doubled, reaching 23120 kg per year, while consumption increased to 25140 kg per year.
As some companies have ambitions to increase their capacity, it’s reasonable to estimate that if there’s enough demand for this metal, rhenium in salts production at US steel mills will increase by 3–4 tons per year in the next years. As a result, if you work with it, you must stay current on global rhenium pricing. Use an API to get the price per tonne data.
What Is An API
API is the abbreviation for Application Programming Interface. This is a software application that lets two applications communicate with one other. On the internet, there are several of them, but not all of them supply the same content.
As a result, we highly advise you to adopt Metals-API, which is gradually establishing itself as one of the most complete APIs for precious metal values. If you utilize this application, you could be able to use a variety of metals and currencies on your site.
To get it, follow these steps:
- An API key will be provided by www.metals-API.com.
- Look up the Rhenium (RHENIUM) symbol as well as the currency symbol you want to use.
- Use these symbols to include metal and currency in the list before finishing the API call. You have the option of selecting a programming language and a pricing range.
- After that, all you have to do is select the “run” button, and you’re done! On your device, the API will be presented.
- Keep in mind that this API provides rates in troy ounces. To convert to tonnes, divide Metals-API rates by 3.11035e-5. After that, you’ll be able to get the pricing you need.
Why Metals– API
Metals-API started as a basic, lightweight Open-Source API that allowed banks to get current and historical precious metals prices. This API provides real-time precious metals data with two decimal places of precision and a refresh rate of up to 60 seconds.
These features include offering precious metals exchange rates, switching single currencies, Time-Series data, volatility statistics, and the day’s lowest and highest prices. The Metals-API can provide precise precious metal exchange rate data in more than 170 currencies throughout the world, including Bitcoin and other major cryptocurrencies.