Get Rhenium (RHENIUM) prices using this API

Get Rhenium (RHENIUM) Prices Using This API

In the ever-evolving landscape of metal markets, the demand for accurate and real-time data has never been more critical. Rhenium (RHENIUM), a rare and valuable metal, is increasingly sought after for its unique properties and applications in various industries, including aerospace and electronics. To effectively track and analyze Rhenium prices, developers can leverage the powerful capabilities of the Metals-API. This blog post will delve into the features of the Metals-API, its endpoints, and how it can transform the way we access and utilize metal pricing data.

Metals-API Information

About Rhenium (RHENIUM)

Rhenium is one of the rarest elements in the Earth's crust, known for its high melting point and exceptional resistance to wear and corrosion. As industries continue to innovate and demand for advanced materials grows, Rhenium's role becomes increasingly significant. The digital transformation in metal markets is paving the way for technological advancements that allow for better data analytics and insights. With the integration of smart technologies, developers can harness real-time data to create applications that not only track prices but also predict market trends.

As we look to the future, the possibilities for Rhenium and other metals are vast. The Metals-API provides a robust framework for developers to build applications that can analyze historical data, track fluctuations, and convert between various metal prices. This API empowers users to make informed decisions based on comprehensive data analytics.

API Description

The Metals-API is designed to provide developers with real-time and historical data on various metals, including Rhenium. Its capabilities extend beyond simple price retrieval; it offers a suite of features that enable developers to build next-generation applications. The API is built on a foundation of innovation, allowing for seamless integration of advanced data analytics and insights.

With the Metals-API, developers can access a wide range of endpoints that cater to different needs, from retrieving the latest rates to analyzing historical trends. The API's architecture is designed to support high-performance applications, ensuring that users receive timely and accurate data.

Key Features and Endpoints

The Metals-API offers several key features that enhance its usability and functionality:

  • Latest Rates Endpoint: Depending on your subscription plan, this endpoint returns real-time exchange rate 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.
  • Historical Rates Endpoint: Access historical rates for most metals dating back to 2019. By appending a specific date to your query, you can retrieve past pricing data, which is invaluable for trend analysis and forecasting.
  • Bid and Ask Endpoint: This powerful feature allows you to retrieve real-time bid and ask prices for Rhenium and other metals, providing insights into market liquidity and pricing dynamics.
  • Convert Endpoint: The API includes a currency conversion endpoint, enabling users to convert any amount from one metal to another or to/from USD. This is particularly useful for applications that require multi-currency support.
  • Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice. This feature is crucial for analyzing trends over specific periods.
  • Fluctuation Endpoint: Retrieve information about how metal prices fluctuate on a day-to-day basis. This endpoint is essential for understanding market volatility and making informed trading decisions.
  • Carat Endpoint: Access information about gold rates by carat, which is particularly useful for jewelers and those in the luxury goods market.
  • Lowest/Highest Price Endpoint: Query the API to get the lowest and highest prices for Rhenium over a specified period, aiding in price analysis and decision-making.
  • Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides open, high, low, and close prices for a specific time period, allowing for comprehensive market analysis.
  • Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, which is beneficial for users interested in long-term market trends.
  • API Key: Your unique API key is required to access the API, ensuring secure and authorized usage.
  • API Response: The Metals-API delivers exchange rates relative to USD by default, with all data returned in a structured JSON format.
  • Supported Symbols Endpoint: This constantly updated endpoint returns all available metal symbols, allowing users to stay informed about the latest offerings.
  • Gold Price India Endpoint: Retrieve the latest gold price in India using the dedicated endpoint, which is particularly useful for regional market analysis.
  • News Endpoint: Stay updated with the latest news articles related to various metals, providing context and insights into market movements.

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 metals into their applications.

API Endpoint Examples and Responses

Understanding the structure of API responses is crucial for effective integration. Below are examples of various endpoints and their corresponding JSON responses:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1744333308,
    "base": "USD",
    "date": "2025-04-11",
    "rates": {
        "RHENIUM": 0.000482
    },
    "unit": "per troy ounce"
}

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1744246908,
    "base": "USD",
    "date": "2025-04-10",
    "rates": {
        "RHENIUM": 0.000485
    },
    "unit": "per troy ounce"
}

Time-series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-04",
    "end_date": "2025-04-11",
    "base": "USD",
    "rates": {
        "2025-04-04": {
            "RHENIUM": 0.000485
        },
        "2025-04-11": {
            "RHENIUM": 0.000482
        }
    },
    "unit": "per troy ounce"
}

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "RHENIUM",
        "amount": 1000
    },
    "info": {
        "timestamp": 1744333308,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-04",
    "end_date": "2025-04-11",
    "base": "USD",
    "rates": {
        "RHENIUM": {
            "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": 1744333308,
    "base": "USD",
    "date": "2025-04-11",
    "rates": {
        "RHENIUM": {
            "open": 0.000485,
            "high": 0.000487,
            "low": 0.000481,
            "close": 0.000482
        }
    },
    "unit": "per troy ounce"
}

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1744333308,
    "base": "USD",
    "date": "2025-04-11",
    "rates": {
        "RHENIUM": {
            "bid": 0.000481,
            "ask": 0.000483,
            "spread": 2.0e-6
        }
    },
    "unit": "per troy ounce"
}

Conclusion

The Metals-API is a powerful tool for developers looking to access real-time and historical data on Rhenium and other metals. Its extensive range of endpoints allows for comprehensive analysis and integration into various applications. By leveraging the capabilities of the Metals-API, developers can create innovative solutions that enhance decision-making and provide valuable insights into the metal markets.

For more information on how to get started with the Metals-API, visit the Metals-API Documentation for detailed guides and resources. Additionally, explore the Metals-API Supported Symbols page to familiarize yourself with the various metal symbols available for integration. The Metals-API Website also offers a wealth of information to help you maximize the potential of this powerful API.

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