Best Magnesium (MG) price data API in 2025

Exploring the Best Magnesium (MG) Price Data API in 2025

As the demand for metals continues to rise in various industries, the need for accurate and real-time data has never been more critical. In 2025, the Metals-API stands out as the best source for magnesium (MG) price data, offering developers a powerful tool to access vital market information. This blog post delves into the significance of magnesium in the metal markets, the transformative capabilities of the Metals-API, and how developers can leverage its features to build innovative applications.

Metals-API Information

About Magnesium (MG)

Magnesium, represented by the symbol MG, is a lightweight metal that plays a crucial role in various applications, from aerospace to automotive industries. As we witness a digital transformation in metal markets, the integration of smart technologies and data analytics is reshaping how businesses operate. The demand for magnesium is driven by its unique properties, including high strength-to-weight ratio and corrosion resistance, making it an ideal choice for manufacturers looking to enhance product performance.

Technological innovation is at the forefront of this transformation. The rise of data analytics and insights allows companies to make informed decisions based on real-time market trends. The Metals-API provides developers with the tools to access this data, enabling them to create applications that can predict market fluctuations, optimize supply chains, and enhance product development.

API Description

The Metals-API is a comprehensive solution for accessing real-time and historical data on various metals, including magnesium. This API empowers developers to build next-generation applications that require accurate and timely information. With its user-friendly interface and extensive documentation, developers can easily integrate the API into their projects.

One of the standout features of the Metals-API is its ability to deliver real-time exchange rate data. Depending on the subscription plan, developers can access the latest rates updated every 60 minutes or even every 10 minutes. This capability is essential for businesses that need to stay ahead of market trends and make quick decisions based on the latest information.

Additionally, the Metals-API offers historical rates dating back to 2019, allowing developers to analyze trends over time. This feature is particularly useful for businesses looking to understand market dynamics and make data-driven decisions. The API also includes endpoints for bid and ask prices, currency conversion, and time-series data, providing a comprehensive toolkit for developers.

Key Features and Endpoints

The Metals-API boasts a variety of endpoints that cater to different needs. Here are some of the key features:

• Latest Rates Endpoint: This endpoint provides real-time exchange rate data for magnesium and other metals. Developers can retrieve the latest rates based on their subscription plan, ensuring they have access to the most current information.
• Historical Rates Endpoint: Access historical rates for magnesium dating back to 2019. This feature allows developers to analyze trends and make informed decisions based on past performance.
• Bid And Ask Endpoint: Retrieve real-time bid and ask prices for magnesium, enabling developers to understand market dynamics and make strategic decisions.
• Convert Endpoint: The Metals-API includes a currency conversion endpoint, allowing developers to convert amounts from one metal to another or to/from USD. This feature is essential for businesses operating in multiple currencies.
• Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice. This endpoint is particularly useful for analyzing trends over specific periods.
• Fluctuation Endpoint: Track how magnesium prices fluctuate on a day-to-day basis. This feature provides insights into market volatility and helps businesses anticipate changes.
• Carat Endpoint: Retrieve information about gold rates by carat, which can be useful for businesses dealing with precious metals.
• Lowest/Highest Price Endpoint: Query the API to get the lowest and highest price of magnesium over a specified period, helping businesses identify market extremes.
• Open/High/Low/Close (OHLC) Price Endpoint: Access open, high, low, and close prices for magnesium, providing a comprehensive view of market performance.
• Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, allowing for in-depth analysis of market trends.
• API Key: Each developer is provided with a unique API key, which is essential for accessing the API's features securely.
• API Response: The Metals-API delivers exchange rates relative to USD by default, ensuring consistency in data presentation.
• Available Endpoints: The API offers a wide range of endpoints, each designed to provide specific functionalities, making it a versatile tool for developers.
• Supported Symbols Endpoint: Access a constantly updated list of all available metal symbols, ensuring developers have the latest information at their fingertips.
• Gold Price India Endpoint: Retrieve the latest gold price in India, which can be beneficial for businesses operating in the Indian market.
• News Endpoint: Stay updated with the latest news articles related to various metals, helping businesses stay informed about market developments.

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.

API Endpoint Examples and Responses

Understanding how to interact with the Metals-API is crucial for developers. Here are some examples of API responses for various endpoints:

Latest Rates Endpoint

Get real-time exchange rates for all available metals.

{
    "success": true,
    "timestamp": 1742353221,
    "base": "USD",
    "date": "2025-03-19",
    "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"
}

Historical Rates Endpoint

Access historical exchange rates for any date since 1999.

{
    "success": true,
    "timestamp": 1742266821,
    "base": "USD",
    "date": "2025-03-18",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

Time-series Endpoint

Get exchange rates for a specific time period.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-03-12",
    "end_date": "2025-03-19",
    "base": "USD",
    "rates": {
        "2025-03-12": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-03-14": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-03-19": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

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": 1742353221,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-03-12",
    "end_date": "2025-03-19",
    "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"
}

OHLC (Open/High/Low/Close) Endpoint

Get OHLC data for a specific time period.

{
    "success": true,
    "timestamp": 1742353221,
    "base": "USD",
    "date": "2025-03-19",
    "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"
}

Bid/Ask Endpoint

Get current bid and ask prices for metals.

{
    "success": true,
    "timestamp": 1742353221,
    "base": "USD",
    "date": "2025-03-19",
    "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"
}

Conclusion

In conclusion, the Metals-API is an invaluable resource for developers seeking to access real-time and historical data on magnesium and other metals. With its extensive range of endpoints, developers can build applications that leverage accurate market data to drive business decisions. The API's capabilities, including real-time rates, historical data, and fluctuation tracking, empower businesses to stay ahead in a competitive market.

As the metal markets continue to evolve, the integration of smart technology and data analytics will play a pivotal role in shaping the future of the industry. By utilizing the Metals-API Documentation, developers can explore the full potential of this API and implement innovative solutions that meet the demands of the modern marketplace.

For more information on the available symbols and their specifications, visit the Metals-API Supported Symbols page. To start leveraging the power of real-time metals data, check out the Metals-API Website and begin your journey towards data-driven decision-making.