Acquire Daily Iron Ore (IRON) Historical Prices using this API

Introduction

In the ever-evolving landscape of the metals market, acquiring accurate and timely data is crucial for developers and businesses alike. One of the most sought-after commodities is Iron Ore (IRON), a fundamental resource in various industries, particularly in steel production. With the rise of digital transformation and technological advancements, accessing historical prices for Iron Ore has become more streamlined than ever, thanks to the Metals-API. This blog post delves into the capabilities of the Metals-API, focusing on how to retrieve historical prices for Iron Ore and explore the broader implications of data analytics in the metal markets.

About Iron Ore (IRON)

Iron Ore is a vital raw material used in the production of steel, which is essential for construction, manufacturing, and various other sectors. As the demand for steel continues to rise globally, so does the need for reliable data on Iron Ore prices. The digital transformation in metal markets has paved the way for innovative solutions that leverage data analytics and smart technology integration to provide real-time insights into commodity prices.

Technological innovation has significantly impacted how traders, analysts, and businesses interact with market data. The integration of advanced data analytics tools allows stakeholders to make informed decisions based on historical trends and real-time fluctuations. The Metals-API stands at the forefront of this transformation, offering a robust platform for accessing historical prices and other critical data points.

Technological Innovation and Advancement

The Metals-API is designed to empower developers to build next-generation applications that can analyze and visualize metal prices, including Iron Ore. By utilizing the API, developers can access a wealth of information, including historical rates, latest prices, and even fluctuations over time. This capability is crucial for businesses that rely on accurate pricing data to manage their operations effectively.

Data Analytics and Insights

Data analytics plays a pivotal role in understanding market dynamics. The Metals-API provides various endpoints that allow users to access historical data dating back to 2019. This historical data can be invaluable for conducting trend analyses, forecasting future prices, and making strategic decisions. By leveraging the API's capabilities, businesses can gain insights into price movements, identify patterns, and adjust their strategies accordingly.

Smart Technology Integration

Integrating smart technologies with the Metals-API can enhance the user experience and provide deeper insights. For instance, developers can create applications that utilize machine learning algorithms to predict future price movements based on historical data. This integration of smart technology not only improves accuracy but also enables businesses to stay ahead of market trends.

Future Trends and Possibilities

As the metals market continues to evolve, the demand for real-time data and analytics will only increase. The Metals-API is well-positioned to meet this demand, providing developers with the tools they need to create innovative solutions. Future trends may include enhanced data visualization tools, more sophisticated predictive analytics, and even greater integration with other financial data sources.

API Description

The Metals-API is a powerful tool that provides access to real-time and historical metal prices, including Iron Ore. It is designed to be user-friendly, allowing developers to easily integrate it into their applications. The API offers a variety of endpoints, each serving a unique purpose, from retrieving the latest rates to accessing historical data and fluctuations.

One of the standout features of the Metals-API is its ability to deliver real-time exchange rate data. Depending on your subscription plan, the API's latest rates endpoint can provide updates every 60 minutes or even every 10 minutes. This level of granularity ensures that users have access to the most current information available.

Key Features and Endpoints

The Metals-API boasts a range of features that cater to various needs within the metals market. Here are some of the key endpoints and their functionalities:

• Latest Rates Endpoint: This endpoint provides real-time exchange rate data for metals, including Iron Ore. Users can access the latest prices and make informed decisions based on current market conditions.
• Historical Rates Endpoint: Users can query historical rates for Iron Ore and other metals dating back to 2019. This endpoint allows for detailed analysis of price trends over time.
• Bid and Ask Endpoint: This feature enables users to retrieve real-time bid and ask prices for metals, providing insights into market liquidity and pricing dynamics.
• Convert Endpoint: The Metals-API includes a currency conversion endpoint, allowing users to convert amounts between different metals or to/from USD.
• Time-Series Endpoint: This endpoint allows users to query daily historical rates between two specified dates, making it easier to analyze trends over specific periods.
• Fluctuation Endpoint: Users can track how prices fluctuate on a day-to-day basis, providing insights into market volatility.
• Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides detailed price data, including open, high, low, and close prices for specified dates.
• Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, allowing for comprehensive analysis of market trends.
• News Endpoint: Retrieve the latest news articles related to various metals, keeping users informed about market developments.

API Endpoint Examples and Responses

Understanding the API's response structure is crucial for effective integration. Below are examples of JSON responses for various endpoints, showcasing how data is returned and what each field signifies.

Latest Rates Endpoint

Get real-time exchange rates for all available metals:

{
"success": true,
"timestamp": 1768349947,
"base": "USD",
"date": "2026-01-14",
"rates": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912,
"XPD": 0.000744,
"XCU": 0.294118,
"XAL": 0.434783,
"XNI": 0.142857,
"XZN": 0.344828
},
"unit": "per troy ounce"
}

In this response, the success field indicates whether the request was successful. The timestamp provides the time of the data retrieval, while base shows the currency used for the rates. The rates object contains the current prices for various metals, including Iron Ore.

Historical Rates Endpoint

Access historical exchange rates for any date since 1999:

{
"success": true,
"timestamp": 1768263547,
"base": "USD",
"date": "2026-01-13",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915,
"XPD": 0.000748
},
"unit": "per troy ounce"
}

This response provides historical rates for the specified date, allowing users to analyze past price movements.

Time-Series Endpoint

Get exchange rates for a specific time period:

{
"success": true,
"timeseries": true,
"start_date": "2026-01-07",
"end_date": "2026-01-14",
"base": "USD",
"rates": {
"2026-01-07": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915
},
"2026-01-09": {
"XAU": 0.000483,
"XAG": 0.0382,
"XPT": 0.000913
},
"2026-01-14": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912
}
},
"unit": "per troy ounce"
}

This endpoint allows users to retrieve rates for multiple dates, facilitating trend analysis over time.

Convert Endpoint

Convert any amount from one metal to another or to/from USD:

{
"success": true,
"query": {
"from": "USD",
"to": "XAU",
"amount": 1000
},
"info": {
"timestamp": 1768349947,
"rate": 0.000482
},
"result": 0.482,
"unit": "troy ounces"
}

This response shows the conversion of 1000 USD to its equivalent in troy ounces of Gold (XAU), providing valuable information for traders and analysts.

Fluctuation Endpoint

Track rate fluctuations between two dates:

{
"success": true,
"fluctuation": true,
"start_date": "2026-01-07",
"end_date": "2026-01-14",
"base": "USD",
"rates": {
"XAU": {
"start_rate": 0.000485,
"end_rate": 0.000482,
"change": -3.0e-6,
"change_pct": -0.62
},
"XAG": {
"start_rate": 0.03825,
"end_rate": 0.03815,
"change": -0.0001,
"change_pct": -0.26
},
"XPT": {
"start_rate": 0.000915,
"end_rate": 0.000912,
"change": -3.0e-6,
"change_pct": -0.33
}
},
"unit": "per troy ounce"
}

This endpoint provides insights into how prices have changed over a specified period, which is essential for understanding market volatility.

OHLC (Open/High/Low/Close) Price Endpoint

Get OHLC data for a specific time period:

{
"success": true,
"timestamp": 1768349947,
"base": "USD",
"date": "2026-01-14",
"rates": {
"XAU": {
"open": 0.000485,
"high": 0.000487,
"low": 0.000481,
"close": 0.000482
},
"XAG": {
"open": 0.03825,
"high": 0.0383,
"low": 0.0381,
"close": 0.03815
},
"XPT": {
"open": 0.000915,
"high": 0.000918,
"low": 0.00091,
"close": 0.000912
}
},
"unit": "per troy ounce"
}

This response provides detailed price information, allowing users to analyze market performance over a specific period.

Bid/Ask Endpoint

Get current bid and ask prices for metals:

{
"success": true,
"timestamp": 1768349947,
"base": "USD",
"date": "2026-01-14",
"rates": {
"XAU": {
"bid": 0.000481,
"ask": 0.000483,
"spread": 2.0e-6
},
"XAG": {
"bid": 0.0381,
"ask": 0.0382,
"spread": 0.0001
},
"XPT": {
"bid": 0.000911,
"ask": 0.000913,
"spread": 2.0e-6
}
},
"unit": "per troy ounce"
}

This endpoint provides essential information for traders, allowing them to understand the current market conditions and make informed decisions.

Conclusion

The Metals-API is a transformative tool for developers and businesses looking to access historical prices and real-time data for Iron Ore and other metals. By leveraging the API's capabilities, users can gain valuable insights into market trends, make informed decisions, and develop innovative applications that enhance their operations. The integration of data analytics and smart technology will continue to shape the future of the metals market, making it essential for stakeholders to stay informed and adapt to changing conditions.

For more information on how to get started with the Metals-API, check out the Metals-API Documentation and explore the Metals-API Supported Symbols for a comprehensive list of available metals. Embrace the future of metal market data with the Metals-API and unlock the potential of real-time insights.