Access Magnesium (MG) Historical Prices with this API for Market Research

In the rapidly evolving landscape of metal markets, the demand for accurate and timely data has never been more critical. With the rise of digital transformation, technological innovation, and data analytics, developers and researchers are increasingly turning to APIs to access historical prices and real-time data for metals like Magnesium (MG). The Metals-API provides a robust solution for obtaining historical prices, enabling market research and informed decision-making.

Metals-API Information

About Magnesium (MG)

Magnesium (MG) is a vital metal used in various industries, including automotive, aerospace, and electronics. Its lightweight properties and strength make it an ideal choice for manufacturers looking to enhance performance while reducing weight. As the world shifts towards more sustainable practices, the demand for Magnesium is expected to grow, driven by its applications in electric vehicles and renewable energy technologies.

The digital transformation in metal markets has led to a significant shift in how data is collected, analyzed, and utilized. With the integration of smart technologies and advanced data analytics, stakeholders can gain valuable insights into market trends and price fluctuations. This evolution is not just about accessing data; it's about harnessing it to drive innovation and efficiency.

Technological advancements have paved the way for real-time data access, allowing developers to create applications that can respond to market changes instantaneously. The Metals-API stands at the forefront of this transformation, offering a comprehensive suite of features designed to empower developers in their quest for accurate metals data.

API Description

The Metals-API is a powerful tool that provides developers with access to real-time and historical metals data. By leveraging this API, developers can build next-generation applications that require precise and timely information about metal prices, including Magnesium (MG). The API's capabilities extend beyond mere data retrieval; it enables users to analyze trends, forecast prices, and make informed decisions based on historical data.

For more information, you can 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. Each endpoint is designed with specific functionalities that can be leveraged for various applications. Here are some of the key features:

Latest Rates Endpoint: This endpoint provides real-time exchange rate data for metals, updated at intervals depending on your subscription plan. Users can access the latest prices for Magnesium and other metals, making it easier to track market movements.
Historical Rates Endpoint: Historical rates for Magnesium are available dating back to 2019. By appending a specific date to the API request, users can retrieve historical price data, which is invaluable for market analysis and research.
Bid And Ask Endpoint: This feature allows users to retrieve real-time bid and ask prices for Magnesium, providing insights into market liquidity and pricing dynamics.
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: Users can query the API for daily historical rates between two specified dates, allowing for detailed trend analysis over time.
Fluctuation Endpoint: This endpoint provides information on how prices fluctuate on a day-to-day basis, helping users understand volatility in the market.
Carat Endpoint: For those interested in precious metals, this endpoint allows users to retrieve information about Gold rates by Carat, which can be useful for jewelers and investors.
Lowest/Highest Price Endpoint: Users can query the API to find the lowest and highest prices for Magnesium over a specified period, aiding in investment decisions.
Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides comprehensive price data, including the opening, highest, lowest, and closing prices for Magnesium, which is essential for traders.
Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, allowing for extensive research and analysis.
API Key: Each user is assigned a unique API key, which is required to authenticate requests and access the API's features.
API Response: The API delivers exchange rates relative to USD by default, ensuring consistency and ease of use.
Available Endpoints: The Metals-API provides a comprehensive list of endpoints, each designed to fulfill specific data needs.
Supported Symbols Endpoint: This endpoint returns all available metal symbols, allowing users to easily identify the metals they can query.
Gold Price India Endpoint: Retrieve the latest gold price in India, which can be beneficial for investors and traders in the region.
News Endpoint: Stay updated with the latest news articles related to various metals, providing context and insights into market movements.

List of Symbols

The Metals-API provides access to a comprehensive range of metal symbols, including Magnesium (MG). 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 and their corresponding JSON responses:

Latest Rates Endpoint

Get real-time exchange rates for all available metals.

{
    "success": true,
    "timestamp": 1750492814,
    "base": "USD",
    "date": "2025-06-21",
    "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": 1750406414,
    "base": "USD",
    "date": "2025-06-20",
    "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": "2025-06-14",
    "end_date": "2025-06-21",
    "base": "USD",
    "rates": {
        "2025-06-14": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-06-16": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-06-21": {
            "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": 1750492814,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-06-14",
    "end_date": "2025-06-21",
    "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": 1750492814,
    "base": "USD",
    "date": "2025-06-21",
    "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": 1750492814,
    "base": "USD",
    "date": "2025-06-21",
    "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

Accessing historical prices for Magnesium (MG) through the Metals-API is a game-changer for market researchers and developers alike. With its comprehensive suite of features, including real-time data, historical rates, and advanced analytics capabilities, the Metals-API empowers users to make informed decisions based on accurate and timely information.

As the metal markets continue to evolve, leveraging APIs like Metals-API will be essential for staying ahead of the curve. By integrating these capabilities into applications, developers can provide valuable insights and tools that enhance market understanding and drive innovation.

For further exploration of the Metals-API and its capabilities, visit the Metals-API Documentation and start harnessing the power of real-time metals data today.

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Access Magnesium (MG) Historical Prices with this API for Market Research