Get LME Copper (LME-XCU) prices using this API
Get LME Copper (LME-XCU) Prices Using This API
In today's fast-paced financial landscape, obtaining accurate and real-time data is crucial for developers and businesses alike. The LME Copper (LME-XCU) prices can be accessed seamlessly through the Metals-API, which provides a robust platform for retrieving metal prices and currency conversions. This blog post will delve into the intricacies of the Metals-API, focusing on its capabilities, features, and how it can transform the way developers interact with metal market data.
Metals-API Information
About Copper (XCU)
Copper, represented by the symbol XCU, is one of the most widely used metals in various industries, including construction, electronics, and renewable energy. As the world embraces digital transformation, the metal markets are also evolving. The integration of technological innovations and advancements in data analytics is reshaping how we understand and interact with metal prices.
With the rise of smart technology, the demand for real-time data has never been higher. Developers can leverage the Metals-API to gain insights into market trends, allowing them to build applications that not only track prices but also predict future movements based on historical data. The future of copper pricing is not just about numbers; it's about understanding the underlying trends and making informed decisions.
API Description
The Metals-API is designed to empower developers by providing access to real-time and historical metal prices, including copper. This API offers a wide range of functionalities that can be integrated into various applications, enabling businesses to stay ahead in the competitive metal market.
One of the key features of the Metals-API is its ability to deliver real-time data. Depending on your subscription plan, you can receive updates every 60 minutes or even every 10 minutes. This ensures that you have the most current information at your fingertips, allowing for timely decision-making.
The API also supports historical data dating back to 2019, which is invaluable for trend analysis and forecasting. Developers can query the API for specific dates or ranges, making it easy to analyze price movements over time.
Moreover, the Metals-API provides endpoints for bid and ask prices, currency conversion, and fluctuation tracking, among others. This comprehensive suite of features allows developers to create sophisticated applications that can handle a variety of use cases, from simple price tracking to complex financial modeling.
Key Features and Endpoints
The Metals-API offers a plethora of endpoints, each designed to cater to specific needs:
- Latest Rates Endpoint: This endpoint provides real-time exchange rate data for metals, including copper. Depending on your subscription, you can receive updates at different intervals. For example, a typical response might look like this:
{
"success": true,
"timestamp": 1746154928,
"base": "USD",
"date": "2025-05-02",
"rates": {
"XCU": 0.294118
},
"unit": "per troy ounce"
}{
"success": true,
"timestamp": 1746068528,
"base": "USD",
"date": "2025-05-01",
"rates": {
"XCU": 0.295000
},
"unit": "per troy ounce"
}{
"success": true,
"timestamp": 1746154928,
"base": "USD",
"date": "2025-05-02",
"rates": {
"XCU": {
"bid": 0.293000,
"ask": 0.295000,
"spread": 0.002000
}
},
"unit": "per troy ounce"
}{
"success": true,
"query": {
"from": "USD",
"to": "XCU",
"amount": 1000
},
"info": {
"timestamp": 1746154928,
"rate": 0.294118
},
"result": 294.118,
"unit": "troy ounces"
}{
"success": true,
"timeseries": true,
"start_date": "2025-04-25",
"end_date": "2025-05-02",
"base": "USD",
"rates": {
"2025-04-25": {
"XCU": 0.290000
},
"2025-05-02": {
"XCU": 0.294118
}
},
"unit": "per troy ounce"
}{
"success": true,
"fluctuation": true,
"start_date": "2025-04-25",
"end_date": "2025-05-02",
"base": "USD",
"rates": {
"XCU": {
"start_rate": 0.290000,
"end_rate": 0.294118,
"change": 0.004118,
"change_pct": 1.42
}
},
"unit": "per troy ounce"
}{
"success": true,
"timestamp": 1746154928,
"base": "USD",
"date": "2025-05-02",
"rates": {
"XCU": {
"open": 0.290000,
"high": 0.295000,
"low": 0.289000,
"close": 0.294118
}
},
"unit": "per troy ounce"
}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. This resource is invaluable for developers looking to integrate specific metal data into their applications.
API Endpoint Examples and Responses
Understanding the structure of API responses is crucial for effective integration. Here are some detailed examples of various endpoints:
Latest Rates Endpoint
Get real-time exchange rates for all available metals. The response structure includes a success flag, timestamp, base currency, date, and rates for each metal:
{
"success": true,
"timestamp": 1746154928,
"base": "USD",
"date": "2025-05-02",
"rates": {
"XCU": 0.294118
},
"unit": "per troy ounce"
}Historical Rates Endpoint
Access historical exchange rates for any date since 1999. The response includes the same structure as the latest rates, allowing for easy integration:
{
"success": true,
"timestamp": 1746068528,
"base": "USD",
"date": "2025-05-01",
"rates": {
"XCU": 0.295000
},
"unit": "per troy ounce"
}Time-series Endpoint
Get exchange rates for a specific time period, which is particularly useful for analyzing trends:
{
"success": true,
"timeseries": true,
"start_date": "2025-04-25",
"end_date": "2025-05-02",
"base": "USD",
"rates": {
"2025-04-25": {
"XCU": 0.290000
},
"2025-05-02": {
"XCU": 0.294118
}
},
"unit": "per troy ounce"
}Convert Endpoint
Convert any amount from one metal to another or to/from USD:
{
"success": true,
"query": {
"from": "USD",
"to": "XCU",
"amount": 1000
},
"info": {
"timestamp": 1746154928,
"rate": 0.294118
},
"result": 294.118,
"unit": "troy ounces"
}Fluctuation Endpoint
Track rate fluctuations between two dates:
{
"success": true,
"fluctuation": true,
"start_date": "2025-04-25",
"end_date": "2025-05-02",
"base": "USD",
"rates": {
"XCU": {
"start_rate": 0.290000,
"end_rate": 0.294118,
"change": 0.004118,
"change_pct": 1.42
}
},
"unit": "per troy ounce"
}OHLC (Open/High/Low/Close) Price Endpoint
Get OHLC data for a specific time period:
{
"success": true,
"timestamp": 1746154928,
"base": "USD",
"date": "2025-05-02",
"rates": {
"XCU": {
"open": 0.290000,
"high": 0.295000,
"low": 0.289000,
"close": 0.294118
}
},
"unit": "per troy ounce"
}Conclusion
The Metals-API is a powerful tool for developers looking to integrate real-time and historical metal pricing data into their applications. With features like the latest rates, historical data, bid and ask prices, and conversion capabilities, the API provides a comprehensive solution for navigating the complexities of the metal markets.
As the demand for accurate and timely data continues to grow, leveraging the capabilities of the Metals-API can position developers and businesses to make informed decisions and stay competitive in the ever-evolving landscape of metal trading. For more information, visit the Metals-API Documentation to explore the full range of features and capabilities available.