Analyze Neodymium (ND) Historical Prices through this API
Analyze Neodymium (ND) Historical Prices through this API
In the ever-evolving landscape of metal markets, the demand for precise and real-time data has never been more critical. Neodymium (ND), a rare earth metal, plays a pivotal role in various technological advancements, particularly in the manufacturing of high-strength magnets used in electric vehicles, wind turbines, and consumer electronics. Understanding the historical prices of Neodymium is essential for investors, manufacturers, and researchers alike. This blog post will explore how to obtain historical prices for Neodymium using the Metals-API, a powerful tool that provides real-time and historical data on metal prices.
Metals-API Information
About Neodymium (ND)
Neodymium is one of the most important rare earth elements, known for its exceptional magnetic properties. As industries shift towards greener technologies, the demand for Neodymium is expected to surge. The digital transformation in metal markets has enabled stakeholders to access data analytics and insights that were previously unattainable. With the integration of smart technology, businesses can now make informed decisions based on real-time data, enhancing their operational efficiency.
Technological innovations have paved the way for advanced data analytics, allowing for a deeper understanding of market trends and price fluctuations. The future of Neodymium pricing will likely be influenced by factors such as supply chain dynamics, geopolitical considerations, and advancements in extraction technologies. By leveraging the capabilities of the Metals-API, developers can build applications that provide insights into these trends, enabling stakeholders to navigate the complexities of the metal markets effectively.
API Description
The Metals-API offers a comprehensive suite of features designed to empower developers to access and utilize real-time and historical metals data. This API is a game-changer for those looking to build next-generation applications that require accurate and timely information on metal prices. With a focus on innovation and technological advancement, the Metals-API enables users to harness the transformative potential of data analytics.
Key features of the Metals-API include:
- Latest Rates Endpoint: Depending on your subscription plan, this endpoint provides real-time exchange rate data updated every 60 minutes or every 10 minutes. This is crucial for users needing the most current pricing information.
- Historical Rates Endpoint: Users can access historical rates for most metals dating back to 2019. By appending a specific date to the API request, developers can retrieve past pricing data, which is essential for trend analysis and forecasting.
- Bid and Ask Endpoint: This feature allows users to retrieve real-time bid and ask prices, providing insights into market liquidity and pricing dynamics.
- Convert Endpoint: The API includes a currency conversion feature, enabling users to convert amounts between different metals or to/from USD, facilitating easier financial calculations.
- Time-Series Endpoint: This endpoint allows users to query the API for daily historical rates between two specified dates, making it easier to analyze price trends over time.
- Fluctuation Endpoint: Users can track how metal prices fluctuate on a day-to-day basis, which is vital for understanding market volatility.
- Carat Endpoint: This feature provides information about gold rates by carat, allowing users to make informed decisions regarding gold investments.
- Lowest/Highest Price Endpoint: Users can query the API to find the lowest and highest prices for a specified date, which is useful for identifying market extremes.
- Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides open, high, low, and close prices for a specific date, essential for technical analysis.
- Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, providing a long-term view of price movements.
- API Key: Users must pass their unique API key into the API base URL's access_key parameter to authenticate requests.
- API Response: The API delivers exchange rates relative to USD by default, ensuring consistency in data interpretation.
- Available Endpoints: The Metals-API offers 14 different endpoints, each providing unique functionalities tailored to various user needs.
- Supported Symbols Endpoint: This endpoint returns all available currencies, ensuring users can access the most up-to-date information on metal symbols.
- News Endpoint: Retrieve the latest news articles related to various metals, keeping users informed about market developments.
Key Features and Endpoints
The Metals-API provides a robust framework for accessing metal price data, including Neodymium. Below, we delve into the specifics of several key endpoints and their applications:
Latest Rates Endpoint
The Latest Rates Endpoint is designed to deliver real-time exchange rates for all available metals. This endpoint is particularly useful for traders and investors who require up-to-the-minute pricing information. The response from this endpoint includes a timestamp, base currency, date, and rates for various metals. For example:
{
"success": true,
"timestamp": 1763283790,
"base": "USD",
"date": "2025-11-16",
"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"
}
This response indicates the current exchange rates for various metals, allowing users to make informed trading decisions.
Historical Rates Endpoint
The Historical Rates Endpoint allows users to access historical exchange rates for any date since 1999. This is particularly beneficial for analysts and researchers who need to study price trends over time. An example response might look like this:
{
"success": true,
"timestamp": 1763197390,
"base": "USD",
"date": "2025-11-15",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915,
"XPD": 0.000748
},
"unit": "per troy ounce"
}
This data can be used to analyze how Neodymium prices have changed over time, providing valuable insights for forecasting future trends.
Time-Series Endpoint
The Time-Series Endpoint enables users to retrieve exchange rates for a specific time period. This is particularly useful for visualizing trends and understanding market movements. An example response could be:
{
"success": true,
"timeseries": true,
"start_date": "2025-11-09",
"end_date": "2025-11-16",
"base": "USD",
"rates": {
"2025-11-09": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915
},
"2025-11-11": {
"XAU": 0.000483,
"XAG": 0.0382,
"XPT": 0.000913
},
"2025-11-16": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912
}
},
"unit": "per troy ounce"
}
This endpoint allows users to analyze fluctuations in Neodymium prices over a defined period, aiding in strategic decision-making.
Convert Endpoint
The Convert Endpoint is a valuable feature that allows users to convert any amount from one metal to another or to/from USD. This is particularly useful for financial calculations and budgeting. An example response might look like this:
{
"success": true,
"query": {
"from": "USD",
"to": "XAU",
"amount": 1000
},
"info": {
"timestamp": 1763283790,
"rate": 0.000482
},
"result": 0.482,
"unit": "troy ounces"
}
This response indicates the conversion of 1000 USD to its equivalent in gold, providing users with essential financial insights.
Fluctuation Endpoint
The Fluctuation Endpoint allows users to track rate fluctuations between two dates. This is crucial for understanding market volatility and making informed trading decisions. An example response could be:
{
"success": true,
"fluctuation": true,
"start_date": "2025-11-09",
"end_date": "2025-11-16",
"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 data provides insights into how Neodymium prices have fluctuated over a specific period, enabling users to make data-driven decisions.
OHLC (Open/High/Low/Close) Price Endpoint
The OHLC Price Endpoint provides open, high, low, and close prices for a specific date, which is essential for technical analysis. An example response might look like this:
{
"success": true,
"timestamp": 1763283790,
"base": "USD",
"date": "2025-11-16",
"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 endpoint is particularly useful for traders looking to analyze price movements and make informed trading decisions based on historical data.
Bid/Ask Endpoint
The Bid/Ask Endpoint provides current bid and ask prices for metals, offering insights into market liquidity and pricing dynamics. An example response could be:
{
"success": true,
"timestamp": 1763283790,
"base": "USD",
"date": "2025-11-16",
"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 data is crucial for traders who need to understand the current market conditions and make timely decisions.
List of Symbols
The Metals-API provides access to a comprehensive range of metal symbols. For a complete list of all supported symbols and their specifications, refer to the Metals-API Supported Symbols page. This resource is invaluable for developers looking to integrate metal pricing data into their applications.
Conclusion
In conclusion, the Metals-API offers a robust and comprehensive solution for accessing historical prices and real-time data for Neodymium and other metals. By leveraging the various endpoints, developers can create applications that provide valuable insights into market trends, price fluctuations, and investment opportunities. The integration of smart technology and data analytics into the metal markets is transforming how stakeholders interact with pricing data, enabling more informed decision-making.
As the demand for Neodymium continues to rise, understanding its historical pricing through the Metals-API will be crucial for investors, manufacturers, and researchers alike. By utilizing the features of the Metals-API, users can stay ahead of market trends and make data-driven decisions that enhance their operational efficiency and profitability.
For more information on how to get started with the Metals-API, visit the Metals-API Website and explore the Metals-API Documentation for detailed guidance on implementation and usage.