Get Accurate Magnesium (MG) Historical Prices through this API

In the rapidly evolving landscape of metal markets, accurate and timely data is crucial for developers and businesses alike. One of the most significant metals in this domain is Magnesium (MG), a lightweight metal that plays a vital role in various industries, including automotive, aerospace, and electronics. To harness the power of real-time and historical data for Magnesium prices, developers can leverage the capabilities of the Metals-API. This blog post will explore how to access accurate Magnesium historical prices through this innovative API, focusing on its features, endpoints, and practical applications.

Metals-API Information

About Magnesium (MG)

Magnesium is increasingly recognized for its lightweight properties and strength, making it an essential material in modern manufacturing. As industries undergo digital transformation, the demand for precise data analytics and insights into metal prices, including Magnesium, has surged. The integration of smart technologies and data analytics tools allows businesses to make informed decisions based on real-time market trends.

Technological advancements have paved the way for innovative solutions in the metal markets. The Metals-API stands at the forefront of this transformation, offering developers the tools they need to build applications that can analyze historical price data, track fluctuations, and convert currencies seamlessly. As we look to the future, the potential for integrating these technologies into everyday applications is vast, enabling businesses to optimize their operations and enhance their competitive edge.

API Description

The Metals-API is a powerful tool that provides real-time and historical data for various metals, including Magnesium. This API empowers developers to create next-generation applications that require accurate and timely metal pricing data. With its user-friendly interface and comprehensive documentation, developers can easily integrate the API into their projects.

One of the key strengths of the Metals-API is its ability to deliver real-time exchange rate data, updated at intervals depending on the subscription plan. This feature ensures that users have access to the most current market information, which is essential for making informed trading decisions. Additionally, the API offers a range of endpoints that cater to different data needs, from historical rates to conversion capabilities.

Key Features and Endpoints

The Metals-API provides a variety of endpoints that can be utilized for different applications. Here are some of the most notable features:

• Latest Rates Endpoint: This endpoint allows users to retrieve real-time exchange rate data for Magnesium and other metals. Depending on the subscription plan, data can be updated every 60 minutes, every 10 minutes, or even more frequently.
• Historical Rates Endpoint: Users can access historical rates for Magnesium dating back to 2019. By appending a specific date to the API request, developers can obtain historical price data, which is crucial for market analysis and forecasting.
• Bid And Ask Endpoint: This powerful feature enables users to retrieve real-time bid and ask prices for Magnesium, providing insights into market liquidity and pricing dynamics.
• Convert Endpoint: The Metals-API includes a currency conversion endpoint, allowing users to convert amounts from one metal to another or to/from USD. This feature is particularly useful for businesses operating in multiple currencies.
• Time-Series Endpoint: Developers can query the API for daily historical rates between two dates of their choice, enabling them to analyze trends over specific periods.
• Fluctuation Endpoint: This endpoint provides information about how Magnesium prices fluctuate on a day-to-day basis, allowing users to track volatility and make informed trading decisions.
• Open/High/Low/Close (OHLC) Price Endpoint: Users can access detailed OHLC data for Magnesium, which is essential for technical analysis and understanding market trends.
• Lowest/Highest Price Endpoint: This feature allows users to query the API for the lowest and highest prices of Magnesium over a specified period, providing insights into market extremes.
• Historical LME Endpoint: For users interested in LME symbols, this endpoint provides historical rates dating back to 2008, offering a comprehensive view of market trends.
• API Key: Each user is assigned a unique API key that must be included in requests to authenticate and authorize access to the API.
• API Response: The API delivers exchange rates relative to USD by default, ensuring consistency in data interpretation.
• Available Endpoints: With 14 different API endpoints, the Metals-API offers a wide range of functionalities to meet diverse user needs.
• Supported Symbols Endpoint: This endpoint provides a constantly updated list of all available metal symbols, including Magnesium, ensuring users have access to the latest information.
• News Endpoint: Users can retrieve the latest news articles related to various metals, keeping them informed about market developments.

List of Symbols

The Metals-API provides access to a comprehensive range of metal symbols, including Magnesium (MG). 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. Below are examples of various API endpoints and their responses:

Latest Rates Endpoint

Get real-time exchange rates for all available metals, including Magnesium:

{
    "success": true,
    "timestamp": 1758960040,
    "base": "USD",
    "date": "2025-09-27",
    "rates": {
        "XMG": 0.000482,
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744
    },
    "unit": "per troy ounce"
}

Historical Rates Endpoint

Access historical exchange rates for Magnesium for any date since 1999:

{
    "success": true,
    "timestamp": 1758873640,
    "base": "USD",
    "date": "2025-09-26",
    "rates": {
        "XMG": 0.000485,
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915
    },
    "unit": "per troy ounce"
}

Time-series Endpoint

Get exchange rates for Magnesium over a specific time period:

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-09-20",
    "end_date": "2025-09-27",
    "base": "USD",
    "rates": {
        "2025-09-20": {
            "XMG": 0.000485,
            "XAU": 0.000485,
            "XAG": 0.03825
        },
        "2025-09-22": {
            "XMG": 0.000483,
            "XAU": 0.000483,
            "XAG": 0.0382
        },
        "2025-09-27": {
            "XMG": 0.000482,
            "XAU": 0.000482,
            "XAG": 0.03815
        }
    },
    "unit": "per troy ounce"
}

Convert Endpoint

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

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XMG",
        "amount": 1000
    },
    "info": {
        "timestamp": 1758960040,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations for Magnesium between two dates:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-09-20",
    "end_date": "2025-09-27",
    "base": "USD",
    "rates": {
        "XMG": {
            "start_rate": 0.000485,
            "end_rate": 0.000482,
            "change": -3.0e-6,
            "change_pct": -0.62
        },
        "XAU": {
            "start_rate": 0.000485,
            "end_rate": 0.000482,
            "change": -3.0e-6,
            "change_pct": -0.62
        }
    },
    "unit": "per troy ounce"
}

OHLC (Open/High/Low/Close) Endpoint

Get OHLC data for Magnesium over a specific time period:

{
    "success": true,
    "timestamp": 1758960040,
    "base": "USD",
    "date": "2025-09-27",
    "rates": {
        "XMG": {
            "open": 0.000485,
            "high": 0.000487,
            "low": 0.000481,
            "close": 0.000482
        },
        "XAU": {
            "open": 0.000485,
            "high": 0.000487,
            "low": 0.000481,
            "close": 0.000482
        }
    },
    "unit": "per troy ounce"
}

Bid/Ask Endpoint

Get current bid and ask prices for Magnesium:

{
    "success": true,
    "timestamp": 1758960040,
    "base": "USD",
    "date": "2025-09-27",
    "rates": {
        "XMG": {
            "bid": 0.000481,
            "ask": 0.000483,
            "spread": 2.0e-6
        },
        "XAU": {
            "bid": 0.000481,
            "ask": 0.000483,
            "spread": 2.0e-6
        }
    },
    "unit": "per troy ounce"
}

Conclusion

In conclusion, the Metals-API offers a robust solution for developers seeking accurate and timely data on Magnesium prices. With its comprehensive range of endpoints, including the latest rates, historical rates, and conversion capabilities, the API empowers users to build applications that can analyze market trends and make informed decisions. As industries continue to embrace digital transformation, the ability to access real-time and historical data will be crucial for maintaining a competitive edge.

For further exploration of the API's capabilities, developers can refer to the Metals-API Documentation, which provides detailed information on each endpoint and its functionalities. Additionally, the Metals-API Supported Symbols page offers a comprehensive list of available metal symbols, ensuring users have access to the latest information.

As the demand for accurate metal pricing data continues to grow, the Metals-API stands ready to support developers in their quest for innovation and excellence in the metal markets.