Fetch Magnesium (MG) Historical Prices using this API for Market Insights

Introduction

In the rapidly evolving landscape of metal markets, the demand for accurate and timely data has never been greater. For developers and analysts looking to gain insights into the historical prices of Magnesium (MG), leveraging the Metals-API can be a game-changer. This powerful API provides a comprehensive suite of tools to fetch historical prices, enabling users to make informed decisions based on real-time data analytics and insights. In this blog post, we will explore the transformative potential of the Metals-API, focusing on how to retrieve historical prices for Magnesium and the innovative features that empower developers to build next-generation applications.

Metals-API Information

About Magnesium (MG)

Magnesium (MG) is a vital metal in various industries, from automotive to aerospace, due to its lightweight and strength properties. As the world moves towards digital transformation, the metal markets are also undergoing significant changes. Technological innovations are reshaping how we access and analyze data, making it easier for businesses to adapt to market fluctuations.

Data analytics plays a crucial role in understanding market trends. By integrating smart technology, companies can harness real-time data to predict future price movements and make strategic decisions. The Metals-API stands at the forefront of this transformation, providing developers with the tools needed to access historical price data and analyze trends effectively.

API Description

The Metals-API is designed to provide developers with a robust platform for accessing metal prices and currency conversion data. With its user-friendly interface and comprehensive documentation, developers can easily integrate the API into their applications. The API empowers users to build applications that can track real-time prices, analyze historical data, and convert between different currencies seamlessly.

One of the standout features of the Metals-API is its ability to deliver real-time exchange rate data. Depending on your subscription plan, the API can provide updates every 60 minutes or even every 10 minutes, ensuring that users have access to the most current information. This capability is particularly beneficial for traders and analysts who need to react quickly to market changes.

Key Features and Endpoints

The Metals-API offers a variety of endpoints, each designed to cater to specific needs. Here are some of the key features:

• Latest Rates Endpoint: This endpoint provides real-time exchange rate data for metals, allowing users to stay updated on current market conditions.
• Historical Rates Endpoint: Users can access historical rates for most currencies dating back to 2019. By appending a specific date to the API call, developers can retrieve historical price data for Magnesium and other metals.
• Bid And Ask Endpoint: This feature enables users to retrieve real-time bid and ask prices, which is essential for traders looking to make informed decisions.
• Convert Endpoint: The Metals-API includes a currency conversion endpoint, allowing users to convert amounts from one metal to another or to/from USD.
• Time-Series Endpoint: This endpoint allows users to query the API for daily historical rates between two dates of their choice, providing a comprehensive view of price trends over time.
• Fluctuation Endpoint: Users can track how prices fluctuate on a day-to-day basis, which is crucial for understanding market volatility.
• Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides detailed OHLC data for a specific time period, allowing users to analyze price movements comprehensively.
• Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, providing a long-term view of price trends.
• API Key: Each user is assigned a unique API key that must be included in API requests to authenticate access.
• API Response: The API delivers exchange rates relative to USD, with all data returned in a structured JSON format.
• Supported Symbols Endpoint: This endpoint provides a constantly updated list of all available metal symbols, ensuring users can access the latest information.
• News Endpoint: Retrieve the latest news articles related to various metals, keeping users 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

Understanding the API responses is crucial for effective integration. Below are examples of various endpoints and their responses:

Latest Rates Endpoint

Get real-time exchange rates for all available metals.

{
    "success": true,
    "timestamp": 1754121802,
    "base": "USD",
    "date": "2025-08-02",
    "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": 1754035402,
    "base": "USD",
    "date": "2025-08-01",
    "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": "2025-07-26",
    "end_date": "2025-08-02",
    "base": "USD",
    "rates": {
        "2025-07-26": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-07-28": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-08-02": {
            "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": 1754121802,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-07-26",
    "end_date": "2025-08-02",
    "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": 1754121802,
    "base": "USD",
    "date": "2025-08-02",
    "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": 1754121802,
    "base": "USD",
    "date": "2025-08-02",
    "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 powerful and flexible solution for developers looking to access historical prices for Magnesium (MG) and other metals. With its extensive range of endpoints, real-time data capabilities, and comprehensive documentation, the API empowers users to build innovative applications that can analyze market trends and make informed decisions. By leveraging the capabilities of the Metals-API, developers can stay ahead of the curve in the ever-changing metal markets.

For more information on how to get started, visit the Metals-API Documentation and explore the various features available. Whether you're interested in real-time rates, historical data, or currency conversion, the Metals-API has the tools you need to succeed in today's data-driven environment.