Get live Magnesium (MG) prices using this API for trading strategies
Introduction
In the ever-evolving landscape of financial markets, the demand for real-time data is paramount, especially for commodities like Magnesium (MG). As traders and investors seek to refine their strategies, having access to live Magnesium prices through a reliable API can significantly enhance decision-making processes. The Metals-API offers a robust solution for obtaining real-time and historical data on various metals, including Magnesium, empowering developers to create innovative trading applications.
About Magnesium (MG)
Magnesium, represented by the symbol MG, is a lightweight metal that plays a crucial role in various industries, including automotive, aerospace, and electronics. As the world shifts towards digital transformation, the metal markets are also undergoing significant changes driven by technological innovation and advancements in data analytics. The integration of smart technologies into trading strategies allows for more precise forecasting and risk management.
With the rise of data-driven decision-making, traders can leverage insights derived from real-time data to optimize their strategies. The future of trading in metals like Magnesium is poised for transformation, with possibilities for enhanced predictive analytics and automated trading systems that respond to market fluctuations instantaneously.
Understanding the Metals-API
The Metals-API is designed to provide developers with comprehensive access to metal prices and currency conversion data. This API is particularly valuable for those looking to build applications that require up-to-date information on metal markets. With its user-friendly interface and extensive documentation, developers can easily integrate the API into their systems.
One of the standout features of the Metals-API is its ability to deliver real-time exchange rate data. Depending on the subscription plan, users can receive updates every 60 minutes or even every 10 minutes, ensuring they have the most current information at their fingertips. This capability is essential for traders who need to react quickly to market changes.
Key Features of the Metals-API
The Metals-API offers a variety of endpoints that cater to different data needs. Here are some of the key features:
Latest Rates Endpoint
The Latest Rates Endpoint provides real-time exchange rate data for various metals, including Magnesium. This endpoint is crucial for traders who need to monitor price movements continuously. The response includes the current rates relative to USD, allowing for easy comparisons and analysis.
{
"success": true,
"timestamp": 1762221719,
"base": "USD",
"date": "2025-11-04",
"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
For traders looking to analyze past performance, the Historical Rates Endpoint allows access to historical exchange rates dating back to 2019. By appending a specific date to the API request, users can retrieve valuable data that can inform their trading strategies.
{
"success": true,
"timestamp": 1762135319,
"base": "USD",
"date": "2025-11-03",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915,
"XPD": 0.000748
},
"unit": "per troy ounce"
}Bid and Ask Endpoint
The Bid and Ask Endpoint is a powerful feature that provides real-time bid and ask prices for metals. This information is vital for traders who need to understand market depth and make informed decisions about buying or selling metals like Magnesium.
{
"success": true,
"timestamp": 1762221719,
"base": "USD",
"date": "2025-11-04",
"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"
}Convert Endpoint
The Convert Endpoint allows users to convert any amount from one metal to another or to/from USD. This feature is particularly useful for traders who need to quickly assess the value of their holdings in different currencies.
{
"success": true,
"query": {
"from": "USD",
"to": "XAU",
"amount": 1000
},
"info": {
"timestamp": 1762221719,
"rate": 0.000482
},
"result": 0.482,
"unit": "troy ounces"
}Time-Series Endpoint
The Time-Series Endpoint enables users to query the API for daily historical rates between two specified dates. This feature is essential for conducting trend analysis and understanding price movements over time.
{
"success": true,
"timeseries": true,
"start_date": "2025-10-28",
"end_date": "2025-11-04",
"base": "USD",
"rates": {
"2025-10-28": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915
},
"2025-10-30": {
"XAU": 0.000483,
"XAG": 0.0382,
"XPT": 0.000913
},
"2025-11-04": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912
}
},
"unit": "per troy ounce"
}Fluctuation Endpoint
The Fluctuation Endpoint provides insights into how metal prices fluctuate over a specified period. This information is crucial for traders looking to understand volatility and make informed trading decisions.
{
"success": true,
"fluctuation": true,
"start_date": "2025-10-28",
"end_date": "2025-11-04",
"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"
}Open/High/Low/Close (OHLC) Price Endpoint
The OHLC Price Endpoint provides essential data for traders who need to analyze price movements within a specific time frame. By retrieving the open, high, low, and close prices, traders can gain insights into market trends and make informed decisions.
{
"success": true,
"timestamp": 1762221719,
"base": "USD",
"date": "2025-11-04",
"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"
}Historical LME Endpoint
The Historical LME Endpoint provides access to historical rates for LME symbols dating back to 2008. This endpoint is particularly useful for traders who want to analyze long-term trends in metal prices.
API Key and Authentication
To access the Metals-API, users must obtain an API key, which is passed into the API base URL's access_key parameter. This key is essential for authenticating requests and ensuring secure access to the data.
Conclusion
The Metals-API offers a comprehensive suite of features that empower traders and developers to harness the power of real-time data in the metal markets. With endpoints designed for various needs, from live rates to historical data, the API serves as a vital tool for anyone involved in trading metals like Magnesium. By leveraging the capabilities of the Metals-API, developers can create innovative applications that enhance trading strategies and provide valuable insights into market dynamics.
For more information on how to integrate the Metals-API into your projects, refer to the Metals-API Documentation and explore the Metals-API Supported Symbols for a complete list of available metals. Embrace the future of trading with the Metals-API and unlock the potential of real-time metal market data.