Request Magnesium (MG) prices using this API

Request Magnesium (MG) Prices Using This API

In the rapidly evolving landscape of metal markets, the demand for real-time data and analytics has never been more critical. As developers and businesses seek to harness the power of data, the need for reliable and efficient APIs becomes paramount. One such API that stands out is the Metals-API, which provides comprehensive access to metal prices, including Magnesium (MG). This blog post will delve into the intricacies of the Metals-API, exploring its capabilities, features, and the transformative potential it holds for developers and businesses alike.

Metals-API Information

About Magnesium (MG)

Magnesium (MG) is a versatile metal that plays a crucial role in various industries, from automotive to aerospace. As the world shifts towards digital transformation, the metal markets are also undergoing significant changes. Technological innovations are paving the way for smarter technology integration, enabling businesses to make data-driven decisions. The Metals-API is at the forefront of this transformation, providing developers with the tools they need to access real-time data and insights.

Data analytics has become a cornerstone of modern business strategies. With the Metals-API, developers can leverage advanced data analytics to gain insights into market trends, price fluctuations, and historical data. This empowers businesses to make informed decisions, optimize their operations, and stay ahead of the competition. As we look to the future, the integration of smart technologies and real-time data will continue to shape the metal markets, creating new opportunities for innovation and growth.

API Description

The Metals-API is a powerful tool that enables developers to access real-time metal prices, including Magnesium (MG), through a user-friendly interface. This API is designed to empower developers to build next-generation applications that require up-to-date metal pricing information. With a focus on innovation and technological advancement, the Metals-API offers a range of features that cater to various use cases.

For more detailed information, you can visit the Metals-API Documentation. This resource provides comprehensive guidance on how to effectively utilize the API and its capabilities.

Key Features and Endpoints

The Metals-API boasts a variety of endpoints, each designed to serve specific needs. Here are some of the key features:

Latest Rates Endpoint: This endpoint provides real-time exchange rate data for metals, updated based on your subscription plan. Depending on your plan, you can receive updates every 60 minutes or every 10 minutes, ensuring you have the most current pricing information at your fingertips.
Historical Rates Endpoint: Access historical rates dating back to 2019. By appending a date to your query, you can retrieve past pricing data, which is invaluable for trend analysis and forecasting.
Bid And Ask Endpoint: This feature allows you to retrieve real-time bid and ask prices for metals, providing insights into market dynamics and helping traders make informed decisions.
Convert Endpoint: The Metals-API includes a currency conversion endpoint, enabling you to convert amounts from one metal to another or to/from USD. This is particularly useful for businesses operating in multiple currencies.
Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice. This endpoint is essential for analyzing price trends over specific periods.
Fluctuation Endpoint: Retrieve information about how metal prices fluctuate on a day-to-day basis. This data is crucial for understanding market volatility and making strategic decisions.
Carat Endpoint: Access information about gold rates by carat, allowing jewelers and traders to make precise calculations based on purity.
Lowest/Highest Price Endpoint: Query the API to get the lowest and highest prices for a specified date, helping you identify market extremes.
Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides open, high, low, and close prices for a specific time period, offering a comprehensive view of market performance.
Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, which is essential for businesses that rely on long-term data.
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.
Available Endpoints: The API offers 14 endpoints, each providing distinct functionalities tailored to meet various user needs.
Supported Symbols Endpoint: This endpoint returns all available metal symbols, allowing you to stay updated on the latest offerings.
News Endpoint: Retrieve the latest news articles related to various metals, keeping you informed about market developments.

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

API Endpoint Examples and Responses

Understanding how to interact with the Metals-API is crucial for effective implementation. Below are examples of various API endpoints and their responses:

Latest Rates Endpoint

Get real-time exchange rates for all available metals:

{
"success": true,
"timestamp": 1771891958,
"base": "USD",
"date": "2026-02-24",
"rates": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912,
"XPD": 0.000744,
"XCU": 0.294118,
"XAL": 0.434783,
"XNI": 0.142857,
"XZN": 0.344828
},
"unit": "per troy ounce"
}

Historical Rates Endpoint

Access historical exchange rates for any date since 1999:

{
"success": true,
"timestamp": 1771805558,
"base": "USD",
"date": "2026-02-23",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915,
"XPD": 0.000748
},
"unit": "per troy ounce"
}

Time-series Endpoint

Get exchange rates for a specific time period:

{
"success": true,
"timeseries": true,
"start_date": "2026-02-17",
"end_date": "2026-02-24",
"base": "USD",
"rates": {
"2026-02-17": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915
},
"2026-02-19": {
"XAU": 0.000483,
"XAG": 0.0382,
"XPT": 0.000913
},
"2026-02-24": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912
}
},
"unit": "per troy ounce"
}

Convert Endpoint

Convert any amount from one metal to another or to/from USD:

{
"success": true,
"query": {
"from": "USD",
"to": "XAU",
"amount": 1000
},
"info": {
"timestamp": 1771891958,
"rate": 0.000482
},
"result": 0.482,
"unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates:

{
"success": true,
"fluctuation": true,
"start_date": "2026-02-17",
"end_date": "2026-02-24",
"base": "USD",
"rates": {
"XAU": {
"start_rate": 0.000485,
"end_rate": 0.000482,
"change": -3.0e-6,
"change_pct": -0.62
},
"XAG": {
"start_rate": 0.03825,
"end_rate": 0.03815,
"change": -0.0001,
"change_pct": -0.26
},
"XPT": {
"start_rate": 0.000915,
"end_rate": 0.000912,
"change": -3.0e-6,
"change_pct": -0.33
}
},
"unit": "per troy ounce"
}

OHLC (Open/High/Low/Close) Price Endpoint

Get OHLC data for a specific time period:

{
"success": true,
"timestamp": 1771891958,
"base": "USD",
"date": "2026-02-24",
"rates": {
"XAU": {
"open": 0.000485,
"high": 0.000487,
"low": 0.000481,
"close": 0.000482
},
"XAG": {
"open": 0.03825,
"high": 0.0383,
"low": 0.0381,
"close": 0.03815
},
"XPT": {
"open": 0.000915,
"high": 0.000918,
"low": 0.00091,
"close": 0.000912
}
},
"unit": "per troy ounce"
}

Bid/Ask Endpoint

Get current bid and ask prices for metals:

{
"success": true,
"timestamp": 1771891958,
"base": "USD",
"date": "2026-02-24",
"rates": {
"XAU": {
"bid": 0.000481,
"ask": 0.000483,
"spread": 2.0e-6
},
"XAG": {
"bid": 0.0381,
"ask": 0.0382,
"spread": 0.0001
},
"XPT": {
"bid": 0.000911,
"ask": 0.000913,
"spread": 2.0e-6
}
},
"unit": "per troy ounce"
}

Conclusion

The Metals-API is a transformative tool that empowers developers to access real-time metal prices, including Magnesium (MG), with ease. By leveraging its extensive features and capabilities, businesses can harness the power of data analytics to make informed decisions and optimize their operations. As the metal markets continue to evolve, the integration of smart technologies and real-time data will play a crucial role in shaping the future of the industry.

For more information on how to get started with the Metals-API, visit the Metals-API Website. Whether you're looking to access historical data, track price fluctuations, or convert between metals, the Metals-API has the tools you need to succeed in today's data-driven world.

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Request Magnesium (MG) prices using this API