Get Neodymium (ND) Historical Prices with Metals-API

Get Neodymium (ND) Historical Prices with Metals-API

In the ever-evolving landscape of metal markets, the demand for accurate and timely data has never been more critical. Neodymium (ND), a rare earth metal known for its applications in high-strength magnets, is at the forefront of technological innovation. As industries increasingly rely on digital transformation and data analytics, accessing historical prices for Neodymium through the Metals-API can empower developers and businesses alike. This blog post will explore how to obtain historical prices for Neodymium using the Metals-API, highlighting its capabilities, features, and practical applications.

Metals-API Information

The Metals-API is a powerful tool designed to provide real-time and historical data on various metals, including Neodymium. It serves as a bridge between developers and the vast world of metal pricing, enabling the creation of next-generation applications that leverage accurate data for decision-making. The API's robust architecture allows for seamless integration into existing systems, making it an invaluable resource for businesses in the metal industry.

About Neodymium (ND)

Neodymium is a silvery-white metal that is part of the lanthanide series in the periodic table. It is primarily used in the production of strong permanent magnets, which are essential in various applications, including electric vehicles, wind turbines, and consumer electronics. The digital transformation in metal markets has led to an increased focus on data analytics and insights, allowing stakeholders to make informed decisions based on historical price trends.

As technological advancements continue to shape the future of the metal industry, the integration of smart technologies and data analytics tools will play a pivotal role. By utilizing the Metals-API, developers can access a wealth of information on Neodymium prices, enabling them to build applications that provide insights into market trends, price fluctuations, and historical data analysis.

API Description

The Metals-API offers a comprehensive suite of features that empower developers to access and manipulate metal pricing data effectively. With its focus on innovation and technological advancement, the API provides real-time data that can transform how businesses operate in the metal market. The API's capabilities include:

  • Real-time Data Access: Developers can retrieve the latest rates for Neodymium and other metals, ensuring they have the most up-to-date information at their fingertips.
  • Historical Data Retrieval: The API allows users to access historical prices dating back to 2019, providing a rich dataset for analysis and forecasting.
  • Data Analytics: With the ability to query data over specific time periods, developers can gain insights into price trends and fluctuations.
  • Integration Capabilities: The API can be easily integrated into existing applications, allowing businesses to enhance their data offerings without significant overhead.

For more detailed information about the API's features, visit the Metals-API Documentation.

Key Features and Endpoints

The Metals-API provides a variety of endpoints that cater to different data needs. Here are some of the key features and their potential applications:

  • Latest Rates Endpoint: Depending on your subscription plan, this endpoint returns real-time exchange rate data for Neodymium and other metals. The data is updated every 60 minutes or more frequently, depending on the plan.
  • Historical Rates Endpoint: Users can access historical rates for Neodymium by appending a specific date to the API request. This feature is invaluable for businesses looking to analyze price trends over time.
  • Bid and Ask Endpoint: This endpoint provides real-time bid and ask prices for Neodymium, allowing traders to make informed decisions based on current market conditions.
  • Convert Endpoint: The API includes a currency conversion feature, enabling users to convert amounts from one metal to another or to/from USD, facilitating easier financial analysis.
  • Time-Series Endpoint: This feature allows users to query the API for daily historical rates between two specified dates, providing a comprehensive view of price movements over time.
  • Fluctuation Endpoint: Users can track how Neodymium prices fluctuate on a day-to-day basis, offering insights into market volatility.
  • Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides detailed pricing information, including the opening, highest, lowest, and closing prices for a specific date.
  • Historical LME Endpoint: Access historical rates for LME symbols, dating back to 2008, which is particularly useful for businesses involved in trading and investment.
  • API Key: Each user is assigned a unique API key, which must be included in requests to authenticate and authorize access to the API.
  • API Response: The API delivers exchange rates relative to USD, ensuring consistency and clarity in the data provided.
  • Supported Symbols Endpoint: This endpoint returns a constantly updated list of all available metal symbols, allowing users to stay informed about the metals they can query.
  • News Endpoint: Users can retrieve the latest news articles related to various metals, keeping them updated on market developments.

For a complete list of supported symbols, visit the Metals-API Supported Symbols page.

API Endpoint Examples and Responses

Understanding the API's response structure is crucial for effective implementation. Below are examples of JSON responses for various endpoints:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1743562960,
    "base": "USD",
    "date": "2025-04-02",
    "rates": {
        "ND": 0.000482
    },
    "unit": "per troy ounce"
}

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1743476560,
    "base": "USD",
    "date": "2025-04-01",
    "rates": {
        "ND": 0.000485
    },
    "unit": "per troy ounce"
}

Time-series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-03-26",
    "end_date": "2025-04-02",
    "base": "USD",
    "rates": {
        "2025-03-26": {
            "ND": 0.000485
        },
        "2025-04-02": {
            "ND": 0.000482
        }
    },
    "unit": "per troy ounce"
}

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "ND",
        "amount": 1000
    },
    "info": {
        "timestamp": 1743562960,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-03-26",
    "end_date": "2025-04-02",
    "base": "USD",
    "rates": {
        "ND": {
            "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

{
    "success": true,
    "timestamp": 1743562960,
    "base": "USD",
    "date": "2025-04-02",
    "rates": {
        "ND": {
            "open": 0.000485,
            "high": 0.000487,
            "low": 0.000481,
            "close": 0.000482
        }
    },
    "unit": "per troy ounce"
}

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1743562960,
    "base": "USD",
    "date": "2025-04-02",
    "rates": {
        "ND": {
            "bid": 0.000481,
            "ask": 0.000483,
            "spread": 2.0e-6
        }
    },
    "unit": "per troy ounce"
}

Conclusion

Accessing historical prices for Neodymium through the Metals-API opens up a world of possibilities for developers and businesses in the metal industry. By leveraging the API's robust features, including real-time data access, historical rates, and advanced analytics capabilities, users can gain valuable insights into market trends and price fluctuations. The integration of smart technology and data analytics will continue to shape the future of the metal markets, making it essential for stakeholders to stay informed and agile.

For more information on how to get started with the Metals-API, visit the Metals-API Website and explore the extensive documentation available. By utilizing the Metals-API, you can enhance your applications with accurate and timely data, driving innovation and success in the ever-changing landscape of metal markets.

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