The Easiest Way to Get Magnesium (MG) Historical Rates via Online APIs

In today's fast-paced digital landscape, accessing real-time data has become essential for developers and businesses alike. One area where this is particularly crucial is in the metals market, where fluctuations in prices can significantly impact financial decisions. If you're looking to obtain historical prices for Magnesium (MG), the Metals-API offers a robust solution. This blog post will guide you through the process of retrieving historical rates for Magnesium using the Metals-API, including example endpoints, parameters, and data formats.

About Magnesium (MG)

Magnesium, represented by the symbol MG, is a vital metal used in various industries, including automotive, aerospace, and electronics. As the world increasingly embraces digital transformation, the metal markets are also evolving. The integration of technological innovations and advancements in data analytics is reshaping how we access and utilize metal pricing information. With the rise of smart technology, developers can leverage APIs like Metals-API to gain insights into market trends and make informed decisions.

As we explore the capabilities of the Metals-API, it's essential to consider how this tool empowers developers to build next-generation applications. By providing real-time and historical data, the Metals-API enables businesses to analyze market trends, optimize inventory management, and enhance trading strategies. The future of metal markets is undoubtedly intertwined with technological advancements, and the Metals-API is at the forefront of this transformation.

API Description

The Metals-API is a powerful tool that provides access to real-time and historical metal prices, including Magnesium. With its user-friendly interface and comprehensive documentation, developers can easily integrate this API into their applications. The API supports various endpoints, each designed to cater to specific needs, whether it's retrieving the latest rates, historical data, or performing currency conversions.

For more information, you can visit the Metals-API Website or check out the Metals-API Documentation for detailed guidance on implementation.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that provide different functionalities. Here are some of the key features:

Latest Rates Endpoint: Depending on your subscription plan, this endpoint returns real-time exchange rate data updated every 60 minutes or every 10 minutes. This feature is crucial for traders who need to stay informed about current market conditions.
Historical Rates Endpoint: Access historical rates for most metals dating back to 2019. You can query the Metals-API for historical rates by appending a date to the endpoint. This is particularly useful for analyzing past market trends and making predictions.
Bid and Ask Endpoint: This powerful feature allows you to retrieve real-time bid and ask prices for metals, giving you insights into market liquidity and pricing dynamics.
Convert Endpoint: The API includes a currency conversion endpoint, enabling you to convert any amount from one metal to another or to/from USD. This is beneficial for businesses operating in multiple currencies.
Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice. This feature is ideal for conducting in-depth analyses over specific time frames.
Fluctuation Endpoint: Retrieve information about how metal prices fluctuate on a day-to-day basis. This endpoint provides valuable insights into market volatility.
Carat Endpoint: Access information about Gold rates by Carat. This feature is particularly useful for jewelers and those in the luxury goods market.
Lowest/Highest Price Endpoint: Query the API to get the lowest and highest price for a specific date, helping you identify market extremes.
Open/High/Low/Close (OHLC) Price Endpoint: Get OHLC data for a specific time period, which is essential for technical analysis and trading strategies.
Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, providing a comprehensive view of market trends.
API Key: Your unique API Key is passed into the API base URL's access_key parameter, ensuring secure access to the API.
API Response: Exchange rates delivered by the Metals-API are by default relative to USD, and all data is returned in a structured JSON format.
Available Endpoints: The Metals-API includes 14 endpoints, each providing different functionalities to cater to various user needs.
Supported Symbols Endpoint: This constantly updated endpoint returns all available metal symbols, allowing you to stay informed about the latest offerings.
News Endpoint: Retrieve the latest news articles related to various metals, keeping you updated on 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

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

Latest Rates Endpoint

Get real-time exchange rates for all available metals.

{
"success": true,
"timestamp": 1768190879,
"base": "USD",
"date": "2026-01-12",
"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": 1768104479,
"base": "USD",
"date": "2026-01-11",
"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": "2026-01-05",
"end_date": "2026-01-12",
"base": "USD",
"rates": {
"2026-01-05": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915
},
"2026-01-07": {
"XAU": 0.000483,
"XAG": 0.0382,
"XPT": 0.000913
},
"2026-01-12": {
"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": 1768190879,
"rate": 0.000482
},
"result": 0.482,
"unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates.

{
"success": true,
"fluctuation": true,
"start_date": "2026-01-05",
"end_date": "2026-01-12",
"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": 1768190879,
"base": "USD",
"date": "2026-01-12",
"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": 1768190879,
"base": "USD",
"date": "2026-01-12",
"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 solution for accessing historical rates for Magnesium (MG) and other metals. With its robust set of features and endpoints, developers can easily integrate real-time and historical data into their applications, enabling better decision-making and market analysis. The API's capabilities, such as the Latest Rates, Historical Rates, and Time-Series endpoints, empower users to track market trends and fluctuations effectively.

As the digital transformation of the metals market continues, leveraging tools like the Metals-API will be crucial for staying competitive. By utilizing the extensive documentation and resources available, developers can harness the power of real-time data to create innovative applications that meet the evolving needs of the industry.

For more information on how to get started with the Metals-API, visit the Metals-API Documentation and explore the various endpoints available. Don't forget to check the Metals-API Supported Symbols page for a complete list of metal symbols you can access.

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The Easiest Way to Get Magnesium (MG) Historical Rates via Online APIs