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Retrieve Neodymium (ND) Historical Prices with this API for Data Analysis

Retrieve Neodymium (ND) Historical Prices with this API for Data Analysis

Retrieve Neodymium (ND) Historical Prices with this API for Data Analysis

Retrieve Neodymium (ND) Historical Prices with this API for Data Analysis

In the ever-evolving landscape of metal markets, the demand for accurate and timely data has never been more crucial. Neodymium (ND), a rare earth metal, plays a significant role in various high-tech applications, including magnets, lasers, and batteries. As industries increasingly rely on data analytics for decision-making, the ability to retrieve historical prices for Neodymium through APIs like Metals-API is transforming how businesses operate. This blog post will delve into the capabilities of Metals-API, focusing on how developers can harness its features to obtain historical prices and analyze trends effectively.

Metals-API Information

About Neodymium (ND)

Neodymium is a silvery-white metal that belongs to the lanthanide series of the periodic table. It is primarily used in the production of strong permanent magnets, which are essential in electric vehicles, wind turbines, and various electronic devices. The digital transformation in metal markets has led to a surge in the need for real-time data and analytics, enabling companies to make informed decisions based on market trends.

Technological innovation has paved the way for advanced data analytics tools that can process vast amounts of information quickly. By integrating smart technology into their operations, businesses can gain insights into price fluctuations, demand forecasts, and supply chain dynamics. The future of Neodymium and other metals is likely to be shaped by these advancements, with a focus on sustainability and efficiency.

API Description

The Metals-API is a powerful tool that provides developers with access to real-time and historical data for various metals, including Neodymium. This API empowers users to build next-generation applications that can analyze market trends, forecast prices, and optimize inventory management. With its robust features, Metals-API is at the forefront of the digital transformation in the metal markets.

For more information, visit the Metals-API Website or explore the Metals-API Documentation for detailed guidance on implementation.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different data needs. Here are some of the key features:

  • Latest Rates Endpoint: This endpoint provides real-time exchange rate data for metals, updated every 60 minutes or more frequently, depending on your subscription plan. Developers can easily access the latest prices for Neodymium and other metals, allowing for timely decision-making.
  • Historical Rates Endpoint: Users can retrieve historical rates for Neodymium dating back to 2019. By appending a specific date to the API request, developers can analyze past price trends and make informed predictions about future movements.
  • Bid And Ask Endpoint: This feature allows users to obtain real-time bid and ask prices for Neodymium, providing insights into market liquidity and pricing strategies.
  • Convert Endpoint: The Metals-API includes a currency conversion feature, enabling users 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: This endpoint allows users to query daily historical rates between two specified dates, facilitating in-depth analysis of price movements over time.
  • Fluctuation Endpoint: Users can track how Neodymium prices fluctuate on a day-to-day basis, providing valuable insights into market volatility.
  • Carat Endpoint: This feature allows users to retrieve information about gold rates by carat, which can be useful for businesses dealing with precious metals.
  • Lowest/Highest Price Endpoint: This endpoint enables users to query the API for the lowest and highest prices of Neodymium over a specified period, aiding in market analysis.
  • Open/High/Low/Close (OHLC) Price Endpoint: Users can access open, high, low, and close prices for Neodymium, providing a comprehensive view of market performance.
  • Historical LME Endpoint: This endpoint provides access to historical rates for LME symbols, dating back to 2008, allowing for extensive historical analysis.
  • API Key: Each user is assigned a unique API key, which must be included in the API requests to authenticate access.
  • API Response: The API delivers exchange rates relative to USD by default, ensuring consistency in data interpretation.
  • Available Endpoints: The Metals-API offers multiple endpoints, each designed to fulfill specific data retrieval needs.
  • Supported Symbols Endpoint: This endpoint provides a constantly updated list of all available metal symbols, ensuring users have access to the latest information.
  • Gold Price India Endpoint: Users can retrieve the latest gold price in India using this dedicated endpoint, which can be beneficial for regional analysis.
  • News Endpoint: The Metals-API allows users to access the latest news articles related to various metals, keeping them informed about market developments.

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.

API Endpoint Examples and Responses

Latest Rates Endpoint

Get real-time exchange rates for all available metals:

{
    "success": true,
    "timestamp": 1746147769,
    "base": "USD",
    "date": "2025-05-02",
    "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": 1746061369,
    "base": "USD",
    "date": "2025-05-01",
    "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": "2025-04-25",
    "end_date": "2025-05-02",
    "base": "USD",
    "rates": {
        "2025-04-25": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-27": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-05-02": {
            "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": 1746147769,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-25",
    "end_date": "2025-05-02",
    "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": 1746147769,
    "base": "USD",
    "date": "2025-05-02",
    "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": 1746147769,
    "base": "USD",
    "date": "2025-05-02",
    "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 comprehensive suite of tools for developers looking to retrieve historical prices for Neodymium and other metals. With features like the Latest Rates Endpoint, Historical Rates Endpoint, and various conversion and fluctuation endpoints, users can gain valuable insights into market trends and make data-driven decisions. The integration of real-time data analytics into metal markets is not just a trend; it is a necessity for businesses aiming to stay competitive in a rapidly changing environment.

For those interested in exploring the capabilities of the Metals-API further, I encourage you to visit the Metals-API Documentation for detailed implementation guidance and to familiarize yourself with the available endpoints. Additionally, the Metals-API Supported Symbols page provides a complete list of metal symbols, ensuring you have the information needed to effectively utilize this powerful API.

As the metal markets continue to evolve, leveraging APIs like Metals-API will be essential for businesses looking to harness the power of data analytics and stay ahead of the competition.

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