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Get Magnesium (MG) prices using this API

Get Magnesium (MG) prices using this API

Get Magnesium (MG) prices using this API

Get Magnesium (MG) Prices Using This API

In today's rapidly evolving digital landscape, the demand for real-time data in the metal markets has never been higher. The ability to access accurate and timely information about metal prices, including Magnesium (MG), is crucial for businesses and developers alike. The Metals-API provides a robust solution for obtaining real-time and historical data on various metals, empowering developers to create innovative applications that can transform how we interact with metal markets.

About Magnesium (MG)

Magnesium, represented by the symbol MG, is a vital metal used in various industries, including automotive, aerospace, and electronics. Its lightweight and strength properties make it an ideal choice for manufacturers looking to enhance performance while reducing weight. As industries continue to embrace digital transformation, the integration of smart technologies and data analytics into metal markets is becoming increasingly important.

Technological advancements have paved the way for innovative solutions that provide insights into market trends and fluctuations. The Metals-API stands at the forefront of this transformation, offering developers the tools they need to harness the power of real-time data. By leveraging data analytics, businesses can make informed decisions, optimize their operations, and stay ahead of the competition.

API Description

The Metals-API is designed to provide developers with comprehensive access to metal prices, including Magnesium. This API offers a range of endpoints that allow users to retrieve real-time exchange rates, historical data, and various other functionalities. The transformative potential of this API lies in its ability to deliver accurate and timely data, enabling developers to build next-generation applications that cater to the evolving needs of the metal markets.

With the Metals-API, developers can access a wealth of information, including the latest rates, historical prices, and even bid and ask prices for various metals. This level of detail is essential for businesses that require precise data for trading, analysis, and reporting purposes. The API's capabilities extend beyond mere data retrieval; it empowers users to integrate smart technology into their applications, enhancing user experience and operational efficiency.

Key Features and Endpoints

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

  • Latest Rates Endpoint: This endpoint provides real-time exchange rate data for Magnesium and other metals. Depending on your subscription plan, the API can return updates every 60 minutes or even every 10 minutes, ensuring you have the most current information at your fingertips.
  • Historical Rates Endpoint: Access historical rates for Magnesium dating back to 2019. By appending a specific date to your query, you can retrieve past prices, allowing for in-depth analysis of market trends over time.
  • Bid And Ask Endpoint: This powerful feature enables you to retrieve real-time bid and ask prices for Magnesium. Understanding these prices is crucial for traders looking to make informed decisions in a competitive market.
  • Convert Endpoint: The Metals-API includes a currency conversion endpoint, allowing you to convert any amount of Magnesium from one currency to another. This is particularly useful for businesses operating in multiple markets.
  • Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice. This endpoint is invaluable for analyzing price movements and making predictions based on historical data.
  • Fluctuation Endpoint: Track how Magnesium prices fluctuate on a day-to-day basis. This endpoint provides insights into market volatility, helping businesses strategize their trading approaches.
  • Lowest/Highest Price Endpoint: Retrieve the lowest and highest prices for Magnesium over a specified period. This information can guide purchasing decisions and investment strategies.
  • Open/High/Low/Close (OHLC) Price Endpoint: Get detailed OHLC data for Magnesium, which is essential for technical analysis and understanding market behavior.
  • Historical LME Endpoint: Access historical rates for LME symbols, including Magnesium, dating back to 2008. This endpoint is particularly useful for businesses that require long-term data for analysis.
  • API Key: Your unique API key is essential for accessing the Metals-API. It must be included in the API base URL's access_key parameter to authenticate your requests.
  • API Response: The API delivers exchange rates relative to USD by default, ensuring consistency in data presentation.
  • Supported Symbols Endpoint: This constantly updated endpoint returns all available metal symbols, including Magnesium, allowing you to stay informed about the latest offerings.
  • News Endpoint: Retrieve the latest news articles related to various metals, including Magnesium. Staying updated on market news can provide valuable context for price movements.

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 developers. Below are examples of various API endpoints, showcasing their functionality and the type of responses you can expect.

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1743725279,
    "base": "USD",
    "date": "2025-04-04",
    "rates": {
        "MG": 0.000482,
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744
    },
    "unit": "per troy ounce"
}

This response indicates that the latest price for Magnesium is 0.000482 USD per troy ounce. The API provides a timestamp and the base currency for clarity.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1743638879,
    "base": "USD",
    "date": "2025-04-03",
    "rates": {
        "MG": 0.000485,
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915
    },
    "unit": "per troy ounce"
}

This example shows how to access historical rates for Magnesium on a specific date. The response includes the price along with other metals for comparative analysis.

Time-Series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-03-28",
    "end_date": "2025-04-04",
    "base": "USD",
    "rates": {
        "2025-03-28": {
            "MG": 0.000485
        },
        "2025-04-04": {
            "MG": 0.000482
        }
    },
    "unit": "per troy ounce"
}

The time-series endpoint allows you to track price changes over a specific period. This data is essential for identifying trends and making predictions.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "MG",
        "amount": 1000
    },
    "info": {
        "timestamp": 1743725279,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This response illustrates how to convert an amount from USD to Magnesium. The result indicates that 1000 USD is equivalent to 0.482 troy ounces of Magnesium.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-03-28",
    "end_date": "2025-04-04",
    "base": "USD",
    "rates": {
        "MG": {
            "start_rate": 0.000485,
            "end_rate": 0.000482,
            "change": -0.000003,
            "change_pct": -0.62
        }
    },
    "unit": "per troy ounce"
}

The fluctuation endpoint provides insights into how Magnesium prices have changed over a specified period. Understanding these fluctuations is crucial for traders and analysts.

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

{
    "success": true,
    "timestamp": 1743725279,
    "base": "USD",
    "date": "2025-04-04",
    "rates": {
        "MG": {
            "open": 0.000485,
            "high": 0.000487,
            "low": 0.000481,
            "close": 0.000482
        }
    },
    "unit": "per troy ounce"
}

This endpoint provides detailed OHLC data for Magnesium, which is essential for technical analysis. Traders can use this information to make informed decisions based on market behavior.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1743725279,
    "base": "USD",
    "date": "2025-04-04",
    "rates": {
        "MG": {
            "bid": 0.000481,
            "ask": 0.000483,
            "spread": 0.000002
        }
    },
    "unit": "per troy ounce"
}

The bid/ask endpoint is crucial for traders, providing the current bid and ask prices for Magnesium. Understanding the spread can help traders optimize their buying and selling strategies.

Conclusion

The Metals-API is a powerful tool for developers looking to access real-time and historical data on Magnesium and other metals. By leveraging this API, businesses can harness the power of data analytics and smart technology integration to make informed decisions in a rapidly changing market. The various endpoints offered by the Metals-API provide comprehensive access to essential information, enabling developers to build innovative applications that meet the needs of their users.

For more information on how to implement the Metals-API in your projects, refer to the Metals-API Documentation. To explore the full range of supported symbols, visit the Metals-API Supported Symbols page. With the right tools and insights, you can stay ahead in the competitive world of metal markets.

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