If you’re interested in knowing more about Mongolia’s metal business, you might want to know that Mongolia’s main mineral reserves include coal, copper, and gold. Boroo Gold Mine and Gatsuurt Gold Mine are two of the most important gold mines there, both located around 110 kilometers (68 miles) north of Ulaanbaatar.
Mongolia, with 17 working coal mines, holds 10% of the world’s known coal reserves, estimated at 162 billion tonnes in 2011. Mongolia’s coal exports accounted for 73% of the 25 million tons produced in 2010, making it the country’s largest export (which had previously been copper).
Knowing this, we can confidently say that it’s important for every businessman in Mongolia to know how to get precious metals API in Mongolian Tugrik. So, how do they get it? We recommend Metals-API.com, a free API that delivers precious metals market data.
This website has a 2 decimal point precision and you can refresh the information every hour. If you pay for the annual plans, you can access new information every minute. You will also have more API calls per month, but you count with a total of 50 if you continue with the free plan.
What is Metals-API?
Metals-API.com gives you the price of the most important metals in the world, such as gold, silver, platinum, and palladium. The information given by the website can be integrated into spreadsheets, other websites, mobile apps, among others.
So, where does this information come from? Metals-API collects it from over 15 reliable data sources every minute. These sources include banks and financial data providers. Because of that, the price that you receive is highly accurate.
The website is directed at commercial sources since they reflect more accurately the exchange occurring between the markets. You can also check the prices in different currencies as many times as you like.
Besides, the Metals-API API delivers EOD / End of Day historical exchange rates, which become available at 00:05 am GMT for the previous day and are time-stamped at one second before midnight.
Also published on Medium.