Fetch LME Nickel (LME-NI) prices utilizing this API

Introduction

In the rapidly evolving landscape of metal markets, the ability to access real-time data is crucial for developers and businesses alike. Fetching LME Nickel (LME-NI) prices utilizing the Metals-API can empower developers to create innovative applications that leverage the latest market insights. This blog post delves into the significance of Nickel in the metals market, explores the transformative capabilities of the Metals-API, and provides a comprehensive guide on how to utilize its features effectively.

Metals-API Information

About Nickel (XNI)

Nickel, represented by the symbol XNI, is a key player in the global metals market, primarily used in the production of stainless steel and other alloys. As industries increasingly embrace digital transformation, the demand for real-time data on Nickel prices has surged. Technological innovations and advancements in data analytics have paved the way for smarter technology integration, allowing stakeholders to make informed decisions based on accurate market insights.

The integration of smart technologies in metal markets has led to the development of applications that can analyze price trends, forecast future movements, and optimize trading strategies. As we look to the future, the possibilities for utilizing real-time data in the metals sector are boundless, with potential applications ranging from automated trading systems to advanced market analysis tools.

API Description

The Metals-API is a powerful tool that provides developers with access to real-time and historical data for various metals, including Nickel. This API is designed to facilitate the creation of next-generation applications that require accurate and timely information. By leveraging the Metals-API, developers can build applications that not only track prices but also analyze trends, perform conversions, and access historical data.

For more information on how to get started, visit the Metals-API Documentation. This resource provides detailed guidance on how to implement the API effectively, including endpoint descriptions and usage examples.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different needs within the metals market. Each endpoint is designed to provide specific functionalities that can enhance the capabilities of your applications.

Latest Rates Endpoint

The Latest Rates endpoint is a fundamental feature that allows developers to retrieve real-time exchange rate data for Nickel and other metals. Depending on your subscription plan, this endpoint can return data updated every 60 minutes, every 10 minutes, or even more frequently. This feature is essential for applications that require up-to-the-minute pricing information.

{
    "success": true,
    "timestamp": 1750385016,
    "base": "USD",
    "date": "2025-06-20",
    "rates": {
        "XNI": 0.142857
    },
    "unit": "per troy ounce"
}

Historical Rates Endpoint

Accessing historical rates is crucial for analyzing market trends over time. The Historical Rates endpoint allows you to query data dating back to 2019 by appending a specific date to your request. This feature is particularly useful for developers looking to create applications that require historical analysis or backtesting of trading strategies.

{
    "success": true,
    "timestamp": 1750298616,
    "base": "USD",
    "date": "2025-06-19",
    "rates": {
        "XNI": 0.140000
    },
    "unit": "per troy ounce"
}

Bid And Ask Endpoint

The Bid and Ask endpoint provides real-time bid and ask prices for Nickel, enabling developers to implement features that require precise pricing information for trading applications. This endpoint is particularly valuable for traders who need to make quick decisions based on current market conditions.

{
    "success": true,
    "timestamp": 1750385016,
    "base": "USD",
    "date": "2025-06-20",
    "rates": {
        "XNI": {
            "bid": 0.141000,
            "ask": 0.143000,
            "spread": 0.002000
        }
    },
    "unit": "per troy ounce"
}

Convert Endpoint

The Convert endpoint allows users to convert any amount from one metal to another or to/from USD. This feature is particularly useful for applications that require currency conversion capabilities, enabling users to easily calculate the equivalent value of Nickel in different currencies.

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XNI",
        "amount": 1000
    },
    "info": {
        "timestamp": 1750385016,
        "rate": 0.142857
    },
    "result": 142.857,
    "unit": "troy ounces"
}

Time-Series Endpoint

The Time-Series endpoint allows developers to query the API for daily historical rates between two dates of their choice. This feature is invaluable for applications that require detailed historical analysis, enabling users to visualize price movements over specific periods.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-06-13",
    "end_date": "2025-06-20",
    "base": "USD",
    "rates": {
        "2025-06-13": {
            "XNI": 0.140000
        },
        "2025-06-20": {
            "XNI": 0.142857
        }
    },
    "unit": "per troy ounce"
}

Fluctuation Endpoint

The Fluctuation endpoint provides insights into how prices fluctuate on a day-to-day basis. This feature is essential for applications that require tracking of price volatility, allowing developers to implement alerts or notifications based on significant price changes.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-06-13",
    "end_date": "2025-06-20",
    "base": "USD",
    "rates": {
        "XNI": {
            "start_rate": 0.140000,
            "end_rate": 0.142857,
            "change": 0.002857,
            "change_pct": 2.04
        }
    },
    "unit": "per troy ounce"
}

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

The OHLC Price endpoint allows developers to retrieve open, high, low, and close prices for Nickel over a specified time period. This data is crucial for technical analysis and can be used to identify trends and patterns in price movements.

{
    "success": true,
    "timestamp": 1750385016,
    "base": "USD",
    "date": "2025-06-20",
    "rates": {
        "XNI": {
            "open": 0.140000,
            "high": 0.143000,
            "low": 0.139000,
            "close": 0.142857
        }
    },
    "unit": "per troy ounce"
}

Historical LME Endpoint

The Historical LME endpoint provides access to historical rates for LME symbols, including Nickel, dating back to 2008. This endpoint is particularly useful for applications that require long-term historical data for analysis and reporting.

{
    "success": true,
    "timestamp": 1750298616,
    "base": "USD",
    "date": "2025-06-19",
    "rates": {
        "XNI": 0.140000
    },
    "unit": "per troy ounce"
}

API Key and Response

Your API Key is essential for accessing the Metals-API. It is passed into the API base URL's access_key parameter, ensuring that your requests are authenticated. The API responses are delivered in JSON format, with exchange rates typically relative to USD. Understanding the structure of these responses is crucial for developers to effectively utilize the data provided by the API.

Available Endpoints

The Metals-API offers a comprehensive range of endpoints, each designed to provide specific functionalities. 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 understand the full capabilities of the API.

Conclusion

In conclusion, the Metals-API provides a robust framework for accessing real-time and historical data for Nickel and other metals. By leveraging its various endpoints, developers can create innovative applications that enhance decision-making processes in the metals market. The integration of real-time data, historical analysis, and advanced features such as bid/ask pricing and fluctuation tracking positions the Metals-API as a transformative tool in the industry.

For more detailed information on how to implement the API and explore its capabilities, visit the Metals-API Website and check out the Metals-API Documentation. Embrace the future of metal trading with the power of real-time data at your fingertips.