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Retrieve Magnesium (MG) Historical Prices with this API

Retrieve Magnesium (MG) Historical Prices with this API

Retrieve Magnesium (MG) Historical Prices with this API

Retrieve Magnesium (MG) Historical Prices with this API

In the ever-evolving landscape of metal markets, the ability to access real-time and historical data has become crucial for developers and businesses alike. One of the key players in this domain is Magnesium (MG), a metal that plays a vital role in various industries, from automotive to aerospace. In this blog post, we will explore how to retrieve historical prices for Magnesium using the Metals-API. We will delve into the API's capabilities, its innovative features, and how it empowers developers to create next-generation applications.

Metals-API Information

About Magnesium (MG)

Magnesium is a lightweight metal known for its strength and versatility. It is increasingly being utilized in the manufacturing of lightweight components, particularly in the automotive sector, where reducing weight can lead to improved fuel efficiency. As industries continue to embrace digital transformation, the demand for accurate and timely data on metals like Magnesium is paramount. The Metals-API provides a robust platform for accessing this data, enabling businesses to make informed decisions based on real-time insights.

Technological innovation in the metal markets has led to the integration of smart technologies that enhance data analytics capabilities. With the Metals-API, developers can harness the power of data to gain insights into market trends, price fluctuations, and historical performance. This API serves as a gateway to a wealth of information, allowing users to track the performance of Magnesium and other metals over time.

API Description

The Metals-API is designed to provide developers with comprehensive access to metal prices and currency conversion data. It offers a range of endpoints that cater to various needs, from retrieving the latest rates to accessing historical data. The API is built with a focus on innovation and technological advancement, making it an essential tool for developers looking to create applications that require real-time metals data.

One of the standout features of the Metals-API is its ability to deliver data in a user-friendly JSON format. This makes it easy for developers to integrate the API into their applications, allowing for seamless data retrieval and manipulation. The API's capabilities extend beyond simple price retrieval; it also offers advanced features such as time-series data, fluctuation tracking, and bid/ask pricing, which can be invaluable for developers seeking to build sophisticated financial applications.

Key Features and Endpoints

The Metals-API boasts a variety of endpoints that cater to different use cases. Here are some of the key features:

  • Latest Rates Endpoint: This endpoint provides real-time exchange rate data for Magnesium and other metals. Depending on your subscription plan, the API can return updates every 60 minutes or even more frequently. This feature is essential for applications that require up-to-the-minute pricing information.
  • Historical Rates Endpoint: Users can access historical rates for Magnesium dating back to 2019. By appending a specific date to the API request, developers can retrieve historical price data, which is crucial for trend analysis and forecasting.
  • Bid And Ask Endpoint: This powerful feature allows developers to retrieve real-time bid and ask prices for Magnesium. Understanding the bid-ask spread is vital for traders and investors looking to make informed decisions.
  • Convert Endpoint: The Metals-API includes a currency conversion endpoint, enabling users to convert amounts from one metal to another or to/from USD. This is particularly useful for applications that require multi-currency support.
  • Time-Series Endpoint: Developers can query the API for daily historical rates between two specified dates. This feature is ideal for analyzing price trends over time and making data-driven decisions.
  • Fluctuation Endpoint: This endpoint provides information on how prices fluctuate on a day-to-day basis. By tracking fluctuations, developers can gain insights into market volatility and make more informed trading decisions.
  • Open/High/Low/Close (OHLC) Price Endpoint: This endpoint allows users to retrieve open, high, low, and close prices for a specific time period. This data is essential for technical analysis and understanding market trends.
  • Historical LME Endpoint: For those interested in LME symbols, this endpoint provides historical rates dating back to 2008, allowing for comprehensive analysis of market performance.
  • API Key: Each user is assigned a unique API key that must be included in requests to authenticate access to the API. This ensures secure and controlled access to the data.
  • API Response: The Metals-API delivers exchange rates relative to USD by default. All data is returned in a structured JSON format, making it easy for developers to parse and utilize the information.
  • Supported Symbols Endpoint: This endpoint provides a constantly updated list of all available metal symbols, ensuring developers have access to the latest information.
  • News Endpoint: Users can retrieve the latest news articles related to various metals, keeping them informed about market developments and trends.

API Endpoint Examples and Responses

To illustrate the capabilities of the Metals-API, let's explore some example responses for key endpoints:

Latest Rates Endpoint

Get real-time exchange rates for all available metals.

{
    "success": true,
    "timestamp": 1747821614,
    "base": "USD",
    "date": "2025-05-21",
    "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": 1747735214,
    "base": "USD",
    "date": "2025-05-20",
    "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": "2025-05-14",
    "end_date": "2025-05-21",
    "base": "USD",
    "rates": {
        "2025-05-14": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-05-16": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-05-21": {
            "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": 1747821614,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-05-14",
    "end_date": "2025-05-21",
    "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) Endpoint

Get OHLC data for a specific time period.

{
    "success": true,
    "timestamp": 1747821614,
    "base": "USD",
    "date": "2025-05-21",
    "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": 1747821614,
    "base": "USD",
    "date": "2025-05-21",
    "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

In conclusion, the Metals-API provides a powerful and flexible solution for developers looking to retrieve historical prices for Magnesium and other metals. With its comprehensive range of endpoints, real-time data capabilities, and user-friendly JSON responses, the API empowers developers to build innovative applications that leverage the latest market insights. By utilizing the Metals-API, businesses can stay ahead of the curve in the fast-paced metal markets, making informed decisions based on accurate and timely data.

For more information on how to get started with the Metals-API, be sure to check out the Metals-API Documentation and explore the Metals-API Supported Symbols page for a complete list of available metal symbols. With the right tools and data at your disposal, the possibilities for innovation in the metal markets are endless.

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