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Get Cobalt (LCO) Historical Prices using this API

Get Cobalt (LCO) Historical Prices using this API

Get Cobalt (LCO) Historical Prices using this API

Get Cobalt (LCO) Historical Prices using this API

In the rapidly evolving landscape of metal markets, the demand for accurate and real-time data has never been more critical. Cobalt (LCO), a vital component in various industries, particularly in battery production for electric vehicles, is at the forefront of this transformation. With the advent of APIs like Metals-API, developers and businesses can now access historical prices and other essential data points with unprecedented ease and efficiency. This blog post will delve into the capabilities of Metals-API, focusing on how to retrieve historical prices for Cobalt and the broader implications of such data in the context of digital transformation, technological innovation, and future trends.

Metals-API Information

Metals-API is a powerful tool designed for developers looking to integrate real-time and historical metal prices into their applications. The API provides a comprehensive suite of endpoints that allow users to access various data points, including the latest rates, historical prices, and conversion functionalities. By leveraging this API, developers can create applications that not only provide current market data but also analyze trends over time, offering insights that can drive strategic decisions.

About Cobalt (LCO)

Cobalt is a critical metal used primarily in the production of lithium-ion batteries, which power everything from smartphones to electric vehicles. As the world shifts towards greener technologies, the demand for cobalt is expected to rise significantly. This surge in demand necessitates accurate tracking of cobalt prices, which can be achieved through the Metals-API. By utilizing the API, developers can access historical price data, enabling them to analyze trends and make informed decisions based on past performance.

The digital transformation in metal markets is characterized by the integration of smart technologies and data analytics. With the Metals-API, developers can harness the power of real-time data to build applications that provide insights into market fluctuations, enabling businesses to respond swiftly to changes in demand and pricing. Furthermore, the API's capabilities allow for advanced data analytics, helping users to identify patterns and forecast future trends.

API Description

The Metals-API is designed with innovation and technological advancement in mind. It empowers developers to build next-generation applications that require real-time metals data. The API's robust architecture supports a variety of endpoints, each tailored to meet specific data needs. For instance, the Latest Rates Endpoint provides real-time exchange rate data, while the Historical Rates Endpoint allows users to access historical prices dating back to 2019. This flexibility makes the Metals-API an invaluable resource for developers looking to integrate metal pricing data into their applications.

For more detailed information, developers can refer to the Metals-API Documentation, which outlines the various endpoints and their functionalities. Additionally, the Symbols List provides a comprehensive overview of all supported metal symbols, including Cobalt (LCO).

Key Features and Endpoints

The Metals-API offers a range of features that cater to the diverse needs of developers. Here are some of the key endpoints and their functionalities:

  • Latest Rates Endpoint: This endpoint provides real-time exchange rate data for metals, updated based on the user's subscription plan. Depending on the plan, updates can occur every 60 minutes, every 10 minutes, or even more frequently.
  • 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 crucial for trend analysis.
  • Bid and Ask Endpoint: This feature allows users to retrieve real-time bid and ask prices for metals, providing insights into market dynamics and helping traders make informed decisions.
  • Convert Endpoint: The conversion endpoint enables users to convert amounts from one metal to another or to/from USD, facilitating seamless transactions and calculations.
  • Time-Series Endpoint: This endpoint allows users to query daily historical rates between two chosen dates, making it easier to analyze price movements over time.
  • Fluctuation Endpoint: Users can track how metal prices fluctuate on a day-to-day basis, providing valuable insights into market volatility.
  • Carat Endpoint: This feature allows users to retrieve information about gold rates by carat, which is particularly useful for jewelers and gold traders.
  • Lowest/Highest Price Endpoint: This endpoint enables users to query the API for the lowest and highest prices of metals over a specified period, aiding in market analysis.
  • Open/High/Low/Close (OHLC) Price Endpoint: Users can access open, high, low, and close prices for specific dates, providing a comprehensive view of market performance.
  • Historical LME Endpoint: This endpoint provides access to historical rates for LME symbols dating back to 2008, allowing for extensive historical analysis.
  • API Key: Each user is assigned a unique API key, which must be included in API requests to authenticate access.
  • API Response: The API delivers exchange rates relative to USD by default, ensuring consistency across data retrieval.
  • Available Endpoints: The Metals-API offers multiple endpoints, each designed to fulfill different data needs, ensuring comprehensive coverage of metal pricing data.
  • Supported Symbols Endpoint: This endpoint provides a constantly updated list of all available currencies and metals, ensuring users have access to the latest information.
  • Gold Price India Endpoint: Users can retrieve the latest gold prices in India using this dedicated endpoint, catering to regional market needs.
  • News Endpoint: This feature allows users to access the latest news articles related to various metals, keeping them informed about market developments.

API Endpoint Examples and Responses

Understanding the API's responses is crucial for effective implementation. Below are examples of the JSON responses for various endpoints, along with explanations of their fields:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1747213214,
    "base": "USD",
    "date": "2025-05-14",
    "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 that the request was successful, providing the current exchange rates for various metals relative to USD. The rates object contains the exchange rates for each metal symbol, while the unit field specifies the measurement unit.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1747126814,
    "base": "USD",
    "date": "2025-05-13",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This response shows historical exchange rates for a specific date. The date field indicates the date for which the rates are provided, and the rates object contains the exchange rates for each metal symbol.

Time-Series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-05-07",
    "end_date": "2025-05-14",
    "base": "USD",
    "rates": {
        "2025-05-07": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-05-09": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-05-14": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This response provides exchange rates for a specified time period. The start_date and end_date fields indicate the range of dates for which data is retrieved, while the rates object contains daily rates for each date within that range.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1747213214,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This response shows the result of a currency conversion request. The query object details the conversion parameters, including the source and target currencies and the amount to convert. The result field provides the converted amount, while the info object includes the conversion rate used.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-05-07",
    "end_date": "2025-05-14",
    "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 response provides information about the fluctuations in metal prices over a specified period. The start_rate and end_rate fields indicate the rates at the beginning and end of the period, while the change and change_pct fields show the absolute and percentage changes, respectively.

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

{
    "success": true,
    "timestamp": 1747213214,
    "base": "USD",
    "date": "2025-05-14",
    "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 response provides OHLC data for a specific date. The open, high, low, and close fields give a comprehensive view of the price movements for each metal on that date.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1747213214,
    "base": "USD",
    "date": "2025-05-14",
    "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 response provides the current bid and ask prices for metals. The bid and ask fields indicate the prices at which buyers are willing to purchase and sellers are willing to sell, respectively. The spread field shows the difference between these two prices, which is crucial for traders.

Conclusion

The Metals-API is a transformative tool for developers looking to access real-time and historical metal pricing data, including Cobalt (LCO). By leveraging the API's extensive features, developers can build applications that provide valuable insights into market trends, enabling businesses to make data-driven decisions. The ability to access historical prices, track fluctuations, and convert between different metals and currencies opens up a world of possibilities for innovation in the metal markets.

As the demand for metals continues to grow, particularly in the context of sustainable technologies, the importance of accurate and timely data cannot be overstated. By utilizing the Metals-API, developers can stay ahead of the curve, ensuring their applications are equipped with the latest information to meet the needs of their users.

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. Don't forget to check the Symbols List to familiarize yourself with all available metal symbols and their specifications.

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