Retrieve LME Nickel (LME-NI) prices through this API

Retrieve LME Nickel (LME-NI) Prices Through This API

In the rapidly evolving landscape of metal markets, the ability to access real-time data is crucial for developers and businesses alike. The Metals-API provides a powerful solution for retrieving LME Nickel (LME-NI) prices and other metal data, enabling developers to create innovative applications that leverage real-time insights. This blog post will delve into the intricacies of Nickel, its markets, and how the Metals-API functions to empower developers in this digital transformation.

Metals-API Information

About Nickel (LME-NI)

Nickel, represented by the symbol XNI, is a key metal in various industries, particularly in the production of stainless steel and batteries. As the world shifts towards sustainable energy solutions, the demand for Nickel is expected to rise significantly, driven by its essential role in electric vehicle batteries and renewable energy technologies. The digital transformation in metal markets has been propelled by technological innovations that allow for real-time data analytics and insights, enabling businesses to make informed decisions based on current market conditions.

Technological advancements have integrated smart technologies into metal trading, allowing for automated trading systems and enhanced data analysis capabilities. The future of Nickel and other metals is intertwined with these advancements, as businesses seek to optimize their operations and stay ahead of market trends. The Metals-API plays a pivotal role in this transformation by providing developers with the tools necessary to access and utilize real-time metals data effectively.

API Description

The Metals-API is designed to provide comprehensive access to real-time and historical metal prices, including Nickel. This API empowers developers to build next-generation applications that can analyze market trends, perform currency conversions, and retrieve historical data for strategic decision-making. With its user-friendly interface and extensive documentation, the Metals-API simplifies the process of integrating metal price data into various applications.

For detailed information on how to utilize the API, developers can refer to the Metals-API Documentation, which outlines the various endpoints, parameters, and response formats. The API supports a wide range of metal symbols, including Nickel, Gold, Silver, and more, allowing for versatile applications across different industries. For a complete list of supported symbols, visit the Metals-API Supported Symbols page.

Key Features and Endpoints

The Metals-API offers several key features that enhance its usability for developers:

Latest Rates Endpoint

The Latest Rates Endpoint provides real-time exchange rate data for metals, including Nickel. Depending on your subscription plan, this endpoint can return updated rates every 60 minutes or even every 10 minutes. This feature is essential for applications that require up-to-the-minute pricing information.

{
        "success": true,
        "timestamp": 1747454541,
        "base": "USD",
        "date": "2025-05-17",
        "rates": {
            "XNI": 0.142857
        },
        "unit": "per troy ounce"
    }

Historical Rates Endpoint

Accessing historical rates is crucial for analyzing market trends over time. The Historical Rates Endpoint allows developers to query rates dating back to 2019 by appending a specific date to the request. This feature is particularly useful for financial analysts and traders who need to evaluate past performance.

{
        "success": true,
        "timestamp": 1747368141,
        "base": "USD",
        "date": "2025-05-16",
        "rates": {
            "XNI": 0.140000
        },
        "unit": "per troy ounce"
    }

Bid And Ask Endpoint

The Bid and Ask Endpoint is a powerful feature that enables users to retrieve real-time bid and ask prices for metals. This information is vital for traders looking to make informed decisions based on current market conditions.

{
        "success": true,
        "timestamp": 1747454541,
        "base": "USD",
        "date": "2025-05-17",
        "rates": {
            "XNI": {
                "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 businesses that deal with multiple currencies and need to perform conversions seamlessly.

{
        "success": true,
        "query": {
            "from": "USD",
            "to": "XNI",
            "amount": 1000
        },
        "info": {
            "timestamp": 1747454541,
            "rate": 0.142857
        },
        "result": 142.857,
        "unit": "troy ounces"
    }

Time-Series Endpoint

The Time-Series Endpoint allows developers to query the API for daily historical rates between two dates of their choice. This feature is beneficial for analyzing price movements over specific periods.

{
        "success": true,
        "timeseries": true,
        "start_date": "2025-05-10",
        "end_date": "2025-05-17",
        "base": "USD",
        "rates": {
            "2025-05-10": {
                "XNI": 0.140000
            },
            "2025-05-17": {
                "XNI": 0.142857
            }
        },
        "unit": "per troy ounce"
    }

Fluctuation Endpoint

The Fluctuation Endpoint provides information about how metal prices fluctuate on a day-to-day basis. This feature is essential for traders who need to understand market volatility.

{
        "success": true,
        "fluctuation": true,
        "start_date": "2025-05-10",
        "end_date": "2025-05-17",
        "base": "USD",
        "rates": {
            "XNI": {
                "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 a specific time period. This data is crucial for traders looking to analyze market trends and make informed decisions.

{
        "success": true,
        "timestamp": 1747454541,
        "base": "USD",
        "date": "2025-05-17",
        "rates": {
            "XNI": {
                "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.

{
        "success": true,
        "timestamp": 1747368141,
        "base": "USD",
        "date": "2025-05-16",
        "rates": {
            "XNI": 0.140000
        },
        "unit": "per troy ounce"
    }

Conclusion

The Metals-API is a transformative tool for developers looking to access real-time and historical metal prices, including Nickel. With its comprehensive set of features, including the Latest Rates, Historical Rates, and Bid/Ask endpoints, the API empowers users to build innovative applications that leverage real-time data for strategic decision-making. As the demand for Nickel continues to grow, the ability to access accurate and timely information will be crucial for businesses operating in this space.

For more information on how to get started with the Metals-API, visit the Metals-API Website and explore the extensive Metals-API Documentation for detailed guidance on implementation and usage. Don't forget to check the Metals-API Supported Symbols page for a complete list of available metal symbols.