Fetch live Praseodymium (PRA) prices using this API

Fetch Live Praseodymium (PRA) Prices Using This API

In the rapidly evolving landscape of metal markets, the ability to access real-time data is crucial for developers and businesses alike. Praseodymium (PRA), a rare earth metal, is gaining attention due to its applications in various high-tech industries, including electronics, renewable energy, and advanced materials. This blog post will delve into the significance of Praseodymium, its markets, and how the Metals-API can empower developers to fetch live prices and historical data efficiently.

Metals-API Information

About Praseodymium (PRA)

Praseodymium is a silvery-white metal that is part of the lanthanide series in the periodic table. It is primarily used in the manufacturing of strong permanent magnets, which are essential for electric vehicles and wind turbines. As the world shifts towards sustainable energy solutions, the demand for Praseodymium is expected to rise significantly. This digital transformation in metal markets is driven by technological innovation and advancements in data analytics, allowing stakeholders to make informed decisions based on real-time insights.

With the integration of smart technologies, businesses can now leverage data analytics to track market trends, price fluctuations, and demand forecasts for Praseodymium. The future of this metal looks promising, with potential applications expanding into sectors such as aerospace, where lightweight and high-strength materials are in demand.

API Description

The Metals-API is a powerful tool designed to provide developers with real-time and historical data on various metals, including Praseodymium. This API enables the creation of next-generation applications that can fetch live prices, analyze trends, and provide insights into market dynamics. By utilizing the Metals-API, developers can build applications that cater to the needs of traders, manufacturers, and investors in the metal markets.

For more information on how to get started, visit the Metals-API Website or check out the Metals-API Documentation for detailed guidance on implementation.

Key Features and Endpoints

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

• Latest Rates Endpoint: This endpoint provides real-time exchange rate data for Praseodymium and other metals. Depending on your subscription plan, the API can return updates every 60 minutes or even every 10 minutes. This is crucial for traders who need to make quick decisions based on the latest market conditions.
• Historical Rates Endpoint: Access historical rates dating back to 2019. This feature allows users to analyze past trends and make predictions about future price movements. By appending a specific date to the API request, developers can retrieve valuable historical data.
• Bid And Ask Endpoint: This powerful feature enables users to retrieve real-time bid and ask prices for Praseodymium. Understanding the bid-ask spread is essential for traders looking to optimize their buying and selling strategies.
• Convert Endpoint: The Metals-API includes a currency conversion endpoint that allows users to convert amounts between different metals or to/from USD. This is particularly useful for businesses operating in multiple currencies.
• Time-Series Endpoint: This endpoint allows users to query daily historical rates between two specified dates. It is ideal for analyzing trends over time and understanding how market conditions change.
• Fluctuation Endpoint: Track how prices fluctuate on a day-to-day basis. This endpoint provides insights into market volatility, which is crucial for risk management.
• Carat Endpoint: Retrieve information about gold rates by carat. This feature is particularly useful for jewelers and gold traders.
• Lowest/Highest Price Endpoint: Query the API to get the lowest and highest prices for Praseodymium over a specified period. This information can help traders identify potential entry and exit points.
• Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides open, high, low, and close prices for a specific time period, allowing traders to analyze price movements comprehensively.
• Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008. This is particularly useful for businesses involved in international trade.
• API Key: Your unique API key is essential for accessing the Metals-API. It must be included in the API base URL's access_key parameter to authenticate requests.
• API Response: The API delivers exchange rates relative to USD by default. All data is returned in a structured JSON format, making it easy to integrate into applications.
• Supported Symbols Endpoint: This constantly updated endpoint returns all available metal symbols, ensuring developers have access to the latest information.
• Gold Price India Endpoint: Retrieve the latest gold prices in India using this dedicated endpoint, which is particularly useful for local traders.
• News Endpoint: Stay updated with the latest news articles related to various metals, helping traders stay informed about market developments.

List of Symbols

The Metals-API provides access to a comprehensive range of metal symbols, including Praseodymium (PRA). 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 the API responses is crucial for effective implementation. Here are some examples of how the API responds to various requests:

Latest Rates Endpoint

Get real-time exchange rates for all available metals:

{
    "success": true,
    "timestamp": 1750741214,
    "base": "USD",
    "date": "2025-06-24",
    "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": 1750654814,
    "base": "USD",
    "date": "2025-06-23",
    "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": "2025-06-17",
    "end_date": "2025-06-24",
    "base": "USD",
    "rates": {
        "2025-06-17": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-06-19": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-06-24": {
            "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": 1750741214,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-06-17",
    "end_date": "2025-06-24",
    "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": 1750741214,
    "base": "USD",
    "date": "2025-06-24",
    "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": 1750741214,
    "base": "USD",
    "date": "2025-06-24",
    "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

The Metals-API offers a comprehensive solution for developers looking to access real-time and historical data on metals like Praseodymium. By leveraging the various endpoints available, developers can create applications that provide valuable insights into market trends, price fluctuations, and trading strategies. The integration of advanced data analytics and smart technology into the metal markets is transforming how businesses operate, making it essential for developers to stay informed and utilize tools like the Metals-API.

For further exploration, check out the Metals-API Documentation for detailed implementation guidance, and refer to the Metals-API Supported Symbols page for a complete list of available metal symbols. Embrace the future of metal trading with the power of real-time data at your fingertips!