Understanding How to Get Magnesium (MG) Historical Prices using this API

In today's fast-paced digital world, the demand for real-time data is paramount, especially in the metal markets. One of the essential metals that has garnered attention is Magnesium (MG). Understanding how to retrieve historical prices for Magnesium using the Metals-API can empower developers and analysts alike to make informed decisions based on accurate data. This blog post will delve into the capabilities of the Metals-API, focusing on how to access historical prices for Magnesium and the broader implications of digital transformation in the metal markets.

Metals-API Information

About Magnesium (MG)

Magnesium is a critical metal used in various industries, including automotive, aerospace, and electronics. As the world moves towards more sustainable practices, the demand for lightweight materials like Magnesium is increasing. The digital transformation in metal markets has led to a significant shift in how data is collected, analyzed, and utilized. Technological innovations, such as real-time data analytics and smart technology integration, are reshaping the landscape of metal trading.

With the rise of data analytics, stakeholders can gain insights into market trends, price fluctuations, and demand forecasts. This is where the Metals-API comes into play, providing developers with the tools to access real-time and historical data for various metals, including Magnesium. The API empowers users to build next-generation applications that can analyze and visualize metal prices, enhancing decision-making processes.

API Description

The Metals-API is a powerful tool designed for developers who need access to real-time and historical metal prices. It offers a range of endpoints that allow users to retrieve data efficiently and effectively. The API is built with innovation in mind, enabling seamless integration into applications that require up-to-date information on metal prices.

For more detailed information, you can visit the Metals-API Website or check the Metals-API Documentation for comprehensive guidance on how to utilize its features.

Key Features and Endpoints

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

Latest Rates Endpoint: Depending on your subscription plan, this endpoint provides real-time exchange rate data updated every 60 minutes, every 10 minutes, or even more frequently. This feature is essential for traders who need to stay informed about the latest market movements.
Historical Rates Endpoint: Users can access historical rates for most metals dating back to 2019. By appending a specific date to the API request, developers can retrieve historical price data for Magnesium, allowing for in-depth analysis of price trends over time.
Bid And Ask Endpoint: This powerful feature enables users to retrieve real-time bid and ask prices for metals, providing insights into market liquidity and pricing dynamics.
Convert Endpoint: The Metals-API includes a currency conversion endpoint, allowing users to convert any amount 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 the API for daily historical rates between two dates of their choice, making it easier to analyze trends over specific periods.
Fluctuation Endpoint: Users can track how metal prices fluctuate on a day-to-day basis, which is crucial for understanding market volatility.
Lowest/Highest Price Endpoint: This feature allows users to query the API to get the lowest and highest price for a specified date, providing insights into price extremes.
Open/High/Low/Close (OHLC) Price Endpoint: Users can retrieve open, high, low, and close prices for a specific time period, which is essential for technical analysis.
Historical LME Endpoint: This endpoint provides access to historical rates for LME symbols dating back to 2008, offering a wealth of data for analysis.
API Key: To access the API, users must pass their unique API key in the request, ensuring secure and authorized access to the data.
API Response: The API delivers exchange rates relative to USD by default, with all data returned in a structured JSON format, making it easy to parse and utilize in applications.
Supported Symbols Endpoint: This endpoint returns all available metal symbols, allowing users to explore the full range of data accessible through the API.
News Endpoint: Users can retrieve 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

The Latest Rates Endpoint allows users to get real-time exchange rates for all available metals. Here is an example of a typical response:

{
"success": true,
"timestamp": 1766106022,
"base": "USD",
"date": "2025-12-19",
"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"
}

In this response, the "rates" object contains the current prices for various metals, including Gold (XAU), Silver (XAG), and others, all relative to USD.

Historical Rates Endpoint

Accessing historical exchange rates is crucial for analyzing market trends. Here’s an example response from the Historical Rates Endpoint:

{
"success": true,
"timestamp": 1766019622,
"base": "USD",
"date": "2025-12-18",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915,
"XPD": 0.000748
},
"unit": "per troy ounce"
}

This response shows the historical prices for various metals on a specific date, allowing users to track price movements over time.

Time-series Endpoint

The Time-series Endpoint enables users to get exchange rates for a specific time period. Here’s an example response:

{
"success": true,
"timeseries": true,
"start_date": "2025-12-12",
"end_date": "2025-12-19",
"base": "USD",
"rates": {
"2025-12-12": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915
},
"2025-12-14": {
"XAU": 0.000483,
"XAG": 0.0382,
"XPT": 0.000913
},
"2025-12-19": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912
}
},
"unit": "per troy ounce"
}

This endpoint is particularly useful for analyzing trends over a specified period, allowing developers to visualize changes in metal prices.

Convert Endpoint

The Convert Endpoint allows users to convert any amount from one metal to another or to/from USD. Here’s an example response:

{
"success": true,
"query": {
"from": "USD",
"to": "XAU",
"amount": 1000
},
"info": {
"timestamp": 1766106022,
"rate": 0.000482
},
"result": 0.482,
"unit": "troy ounces"
}

This response indicates that 1000 USD is equivalent to 0.482 troy ounces of Gold (XAU), providing a straightforward conversion mechanism.

Fluctuation Endpoint

The Fluctuation Endpoint tracks rate fluctuations between two dates. Here’s an example response:

{
"success": true,
"fluctuation": true,
"start_date": "2025-12-12",
"end_date": "2025-12-19",
"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"
}

This endpoint provides insights into how prices have changed over a specified period, which is crucial for traders looking to understand market dynamics.

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

The OHLC Price Endpoint provides open, high, low, and close prices for a specific time period. Here’s an example response:

{
"success": true,
"timestamp": 1766106022,
"base": "USD",
"date": "2025-12-19",
"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"
}

This data is essential for traders who rely on technical analysis to make informed decisions based on price movements throughout the trading day.

Bid/Ask Endpoint

The Bid/Ask Endpoint provides current bid and ask prices for metals. Here’s an example response:

{
"success": true,
"timestamp": 1766106022,
"base": "USD",
"date": "2025-12-19",
"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"
}

This endpoint is crucial for traders looking to understand market liquidity and make informed trading decisions based on current market conditions.

Conclusion

In conclusion, the Metals-API offers a robust solution for accessing real-time and historical prices for Magnesium and other metals. By leveraging the various endpoints available, developers can create applications that provide valuable insights into market trends, price fluctuations, and trading opportunities. The integration of smart technology and data analytics into the metal markets is transforming how stakeholders interact with metal pricing data.

As the demand for accurate and timely information continues to grow, utilizing APIs like Metals-API will be essential for anyone involved in the metal trading industry. For further exploration of the API's capabilities, refer to the Metals-API Documentation and discover the full range of supported symbols on the Metals-API Supported Symbols page. Embrace the future of metal trading with the power of real-time data at your fingertips.

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Understanding How to Get Magnesium (MG) Historical Prices using this API