How to Get LME Zinc (LME-ZNC) Historical Prices using this API

How to Get LME Zinc (LME-ZNC) Historical Prices using this API
Metals-API, a powerful tool that provides comprehensive data on various metals.
About Zinc (XZN)
Metals-API Overview
Metals-API is designed to provide developers with real-time and historical data on metal prices. It offers a range of endpoints that allow users to access the latest rates, historical prices, and various other functionalities. This API is particularly useful for those looking to integrate metal pricing data into their applications, enabling them to deliver enhanced value to their users.
Key Features of Metals-API
- Latest Rates Endpoint: Depending on your subscription plan, this endpoint returns real-time exchange rate data updated every 60 minutes or more frequently. This feature allows you to stay updated with the latest market trends.
- Historical Rates Endpoint: Access historical rates for most currencies dating back to 2019. By appending a specific date to your query, you can retrieve past prices for LME Zinc and other metals.
- Bid and Ask Endpoint: This endpoint provides real-time bid and ask prices, enabling developers to implement trading functionalities in their applications.
- Convert Endpoint: The conversion feature allows you to convert any amount from one metal to another or to/from USD, facilitating seamless transactions.
- Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice, allowing for in-depth analysis of price movements over time.
- Fluctuation Endpoint: Retrieve information about how metal prices fluctuate on a day-to-day basis, which is crucial for understanding market volatility.
- Open/High/Low/Close (OHLC) Price Endpoint: Get detailed OHLC data for a specific time period, essential for technical analysis and trading strategies.
- Historical LME Endpoint: Access historical rates specifically for LME symbols, dating back to 2008, which is particularly useful for analyzing long-term trends.
- API Key: Your unique API key is required to access the API, ensuring secure and authorized usage.
- API Response: The API delivers exchange rates relative to USD, with all data returned in a structured JSON format.
- Supported Symbols Endpoint: This endpoint provides a constantly updated list of all available metal symbols, ensuring you have access to the latest data.
- News Endpoint: Retrieve the latest news articles related to various metals, keeping you informed about market developments.
Getting Started with Metals-API
Accessing Historical Prices for LME Zinc
1. Historical Rates Endpoint
GET https://metals-api.com/api/historical?access_key=YOUR_API_KEY&date=2023-07-01&symbols=XZN
{
"success": true,
"timestamp": 1751677268,
"base": "USD",
"date": "2023-07-01",
"rates": {
"XZN": 0.344828
},
"unit": "per troy ounce"
}
2. Historical LME Endpoint
GET https://metals-api.com/api/historical-lme?access_key=YOUR_API_KEY&symbol=XZN&date=2023-07-01
{
"success": true,
"timestamp": 1751677268,
"base": "USD",
"date": "2023-07-01",
"rates": {
"XZN": 0.344828
},
"unit": "per troy ounce"
}
Understanding API Responses
- success: A boolean indicating whether the request was successful.
- timestamp: The time at which the data was retrieved, represented as a Unix timestamp.
- base: The base currency for the exchange rates, usually USD.
- date: The date for which the rates are applicable.
- rates: An object containing the metal symbols as keys and their corresponding prices as values.
- unit: The unit of measurement for the prices, typically "per troy ounce."
Common Use Cases for Metals-API
- Trading Applications: Developers can create trading platforms that utilize real-time and historical metal prices to enable users to make informed trading decisions.
- Market Analysis Tools: By integrating the API, developers can build tools that analyze market trends and provide insights into price fluctuations over time.
- Financial Reporting: Businesses can leverage the API to generate financial reports that include historical metal prices, aiding in budgeting and forecasting.
- Investment Platforms: Investment applications can use the API to provide users with up-to-date information on metal prices, helping them make informed investment choices.
Best Practices for Using Metals-API
- Rate Limiting: Be mindful of the API's rate limits based on your subscription plan. Implement caching strategies to minimize unnecessary requests.
- Error Handling: Ensure your application can gracefully handle errors returned by the API, such as invalid requests or exceeded rate limits.
- Data Validation: Validate the data received from the API before using it in your application to prevent issues related to malformed data.
- Security: Keep your API key secure and avoid exposing it in client-side code. Use server-side requests whenever possible.
Conclusion
Metals-API Documentation and explore the Metals-API Supported Symbols for a comprehensive list of available metal symbols. Start building your next-generation applications today with the power of real-time metals data!