How to Retrieve Indium (INDIUM) Historical Prices with Metals-API
Introduction
In the rapidly evolving landscape of metal markets, the ability to retrieve historical prices for metals like Indium (INDIUM) is crucial for investors, analysts, and developers alike. With the advent of APIs, accessing real-time and historical data has become more streamlined and efficient. One such powerful tool is the Metals-API, which offers comprehensive data on various metals, including Indium. This blog post will guide you through the process of retrieving historical prices for Indium using the Metals-API, while also exploring the broader implications of digital transformation in the metal markets.
Metals-API Information
About Indium (INDIUM)
Indium is a post-transition metal that has gained significant attention due to its unique properties and applications, particularly in electronics and solar energy. As industries increasingly rely on data analytics and smart technology integration, the demand for accurate and timely information about Indium prices has surged. The Metals-API serves as a bridge between this demand and the supply of real-time data, enabling developers to create applications that can analyze trends, forecast prices, and make informed decisions.
The digital transformation in metal markets is not just about accessing data; it's about leveraging that data to gain insights and drive innovation. With the Metals-API, developers can harness the power of data analytics to create applications that provide real-time insights into market fluctuations, historical trends, and future possibilities. This API empowers users to build next-generation applications that can adapt to changing market conditions and consumer demands.
API Description
The Metals-API is designed to provide developers with a robust framework for accessing metal prices, including Indium. It offers a variety of endpoints that cater to different data needs, from real-time rates to historical data. The API is built with innovation and technological advancement in mind, allowing users to integrate real-time metals data into their applications seamlessly.
For detailed information on how to use the API, refer to the Metals-API Documentation. This resource provides comprehensive guidance on the various endpoints, their functionalities, and how to implement them effectively.
Key Features and Endpoints
The Metals-API offers several key features that enhance its usability and functionality. Below are some of the most important endpoints that developers can utilize to retrieve data related to Indium and other metals:
Latest Rates Endpoint
The Latest Rates endpoint provides real-time exchange rate data for metals, updated based on your subscription plan. Depending on the plan, updates can occur every 60 minutes, every 10 minutes, or even more frequently. This endpoint is essential for applications that require up-to-the-minute pricing information.
{
"success": true,
"timestamp": 1744250554,
"base": "USD",
"date": "2025-04-10",
"rates": {
"XIN": 0.142857
},
"unit": "per troy ounce"
}Historical Rates Endpoint
For those interested in analyzing trends over time, the Historical Rates endpoint allows users to access historical prices for Indium dating back to 2019. By appending a specific date to the API request, users can retrieve data for that particular day, enabling them to conduct thorough analyses of price movements.
{
"success": true,
"timestamp": 1744164154,
"base": "USD",
"date": "2025-04-09",
"rates": {
"XIN": 0.140000
},
"unit": "per troy ounce"
}Bid and Ask Endpoint
The Bid and Ask endpoint provides real-time bid and ask prices for Indium, which is crucial for traders looking to make informed decisions. This feature allows users to understand the market's current sentiment and make strategic trades based on the latest data.
{
"success": true,
"timestamp": 1744250554,
"base": "USD",
"date": "2025-04-10",
"rates": {
"XIN": {
"bid": 0.141000,
"ask": 0.143000,
"spread": 0.002000
}
},
"unit": "per troy ounce"
}Convert Endpoint
The Convert endpoint allows users to convert any amount from one metal to another or to/from USD. This feature is particularly useful for applications that require currency conversion for pricing or valuation purposes.
{
"success": true,
"query": {
"from": "USD",
"to": "XIN",
"amount": 1000
},
"info": {
"timestamp": 1744250554,
"rate": 0.142857
},
"result": 142.857,
"unit": "troy ounces"
}Time-Series Endpoint
The Time-Series endpoint enables users to query the API for daily historical rates between two specified dates. This functionality is invaluable for conducting in-depth analyses of price trends over time, allowing developers to create applications that visualize and interpret historical data effectively.
{
"success": true,
"timeseries": true,
"start_date": "2025-04-03",
"end_date": "2025-04-10",
"base": "USD",
"rates": {
"2025-04-03": {
"XIN": 0.140000
},
"2025-04-10": {
"XIN": 0.142857
}
},
"unit": "per troy ounce"
}Fluctuation Endpoint
The Fluctuation endpoint provides insights into how prices fluctuate on a day-to-day basis. This feature is essential for understanding market volatility and can help traders make informed decisions based on historical price movements.
{
"success": true,
"fluctuation": true,
"start_date": "2025-04-03",
"end_date": "2025-04-10",
"base": "USD",
"rates": {
"XIN": {
"start_rate": 0.140000,
"end_rate": 0.142857,
"change": 0.002857,
"change_pct": 2.04
}
},
"unit": "per troy ounce"
}Open/High/Low/Close (OHLC) Price Endpoint
The OHLC Price endpoint allows users to retrieve the open, high, low, and close prices for Indium over a specified period. This data is crucial for traders looking to analyze market trends and make predictions based on historical performance.
{
"success": true,
"timestamp": 1744250554,
"base": "USD",
"date": "2025-04-10",
"rates": {
"XIN": {
"open": 0.140000,
"high": 0.143000,
"low": 0.139000,
"close": 0.142857
}
},
"unit": "per troy ounce"
}Historical LME Endpoint
The Historical LME endpoint provides access to historical rates for LME symbols, dating back to 2008. This endpoint is particularly useful for users interested in long-term trends and historical analysis of Indium prices.
{
"success": true,
"timestamp": 1744164154,
"base": "USD",
"date": "2025-04-09",
"rates": {
"XIN": 0.140000
},
"unit": "per troy ounce"
}API Key and Response
To access the Metals-API, users must obtain an API key, which is passed into the API base URL's access_key parameter. This key is essential for authentication and authorization purposes. The API response is delivered in JSON format, with exchange rates typically relative to USD. All data is returned in a structured format, making it easy for developers to parse and utilize the information.
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 various metals into their applications.
Conclusion
Retrieving historical prices for Indium using the Metals-API is a straightforward process that opens up a world of possibilities for developers and analysts. By leveraging the various endpoints offered by the API, users can access real-time data, conduct in-depth analyses, and create applications that respond to market trends effectively. The integration of smart technology and data analytics in the metal markets is transforming how we interact with and understand these valuable resources.
As the demand for accurate and timely information continues to grow, tools like the Metals-API will play a crucial role in shaping the future of metal trading and investment. For more information on how to get started, visit the Metals-API Website and explore the extensive documentation available to help you make the most of this powerful tool.