Get Up-to-Date Magnesium (MG) Historical Prices using this API

In today's fast-paced digital landscape, the ability to access real-time data is crucial for developers and businesses alike. One of the most significant advancements in the metal markets is the availability of historical prices for metals like Magnesium (MG) through the Metals-API. This API not only provides current pricing but also allows users to delve into historical data, enabling informed decision-making and strategic planning. In this blog post, we will explore the transformative potential of the Metals-API, focusing on how to retrieve historical prices for Magnesium and other metals, while also discussing the broader implications of digital transformation in the metal markets.

Metals-API Information

About Magnesium (MG)

Magnesium is a lightweight metal that plays a critical role in various industries, including automotive, aerospace, and electronics. As the world moves towards more sustainable practices, the demand for Magnesium is expected to rise due to its applications in lightweight construction and energy-efficient technologies. The digital transformation in metal markets has paved the way for innovative solutions that leverage data analytics and insights to optimize operations and enhance decision-making processes.

Technological advancements have made it possible to integrate smart technology into the metal markets, allowing for real-time tracking of prices and trends. The Metals-API stands at the forefront of this transformation, providing developers with the tools needed to build next-generation applications that can analyze and visualize metal prices, including Magnesium. By utilizing data analytics, businesses can gain insights into market trends, enabling them to make informed decisions that align with future possibilities.

API Description

The Metals-API is a powerful tool that offers a comprehensive suite of features designed to provide real-time and historical data for various metals. With its user-friendly interface and robust capabilities, the API empowers developers to create applications that can access and analyze metal prices efficiently. The API's innovative design allows for seamless integration into existing systems, making it an invaluable resource for businesses looking to stay ahead in the competitive metal market.

One of the standout features of the Metals-API is its ability to provide historical rates for most metals dating back to 2019. This functionality is particularly useful for developers and analysts who need to track price fluctuations over time. By appending a specific date to the API request, users can retrieve historical data that can be used for market analysis, forecasting, and strategic planning.

Key Features and Endpoints

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

Latest Rates Endpoint: Depending on your subscription plan, this endpoint returns real-time exchange rate data updated every 60 minutes or more frequently. This feature is essential for applications that require up-to-the-minute pricing information.
Historical Rates Endpoint: Users can access historical rates for Magnesium and other metals by specifying a date. This endpoint is invaluable for analyzing trends and making data-driven decisions.
Bid And Ask Endpoint: This feature enables users to retrieve real-time bid and ask prices, providing insights into market liquidity and pricing dynamics.
Convert Endpoint: The API includes a currency conversion feature that allows users to convert amounts between different metals or to/from USD, facilitating easier financial transactions.
Time-Series Endpoint: This endpoint allows users to query daily historical rates between two specified dates, making it easier to visualize trends over time.
Fluctuation Endpoint: Users can track how prices fluctuate on a day-to-day basis, providing insights into market volatility.
Carat Endpoint: This feature allows users to retrieve information about gold rates by carat, which is particularly useful for jewelers and investors.
Lowest/Highest Price Endpoint: Users can query the API to find the lowest and highest prices for a specified date, aiding in market analysis.
Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides open, high, low, and close prices for a specific date, essential for technical analysis.
Historical LME Endpoint: This endpoint provides access to historical rates for LME symbols dating back to 2008, which is crucial for traders and analysts.
API Key: Users must pass their unique API key into the API base URL's access_key parameter to authenticate their requests.
API Response: The API delivers exchange rates relative to USD by default, ensuring consistency across data retrieval.
Available Endpoints: The Metals-API includes 14 endpoints, each offering distinct functionalities tailored to various user needs.
Supported Symbols Endpoint: This endpoint provides a constantly updated list of all available currencies and metals, ensuring users have access to the latest information.
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, 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 developers. Below are examples of various API endpoints, showcasing their functionality and response formats.

Latest Rates Endpoint

Get real-time exchange rates for all available metals:

{
"success": true,
"timestamp": 1768868499,
"base": "USD",
"date": "2026-01-20",
"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": 1768782099,
"base": "USD",
"date": "2026-01-19",
"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": "2026-01-13",
"end_date": "2026-01-20",
"base": "USD",
"rates": {
"2026-01-13": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915
},
"2026-01-15": {
"XAU": 0.000483,
"XAG": 0.0382,
"XPT": 0.000913
},
"2026-01-20": {
"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": 1768868499,
"rate": 0.000482
},
"result": 0.482,
"unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates:

{
"success": true,
"fluctuation": true,
"start_date": "2026-01-13",
"end_date": "2026-01-20",
"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": 1768868499,
"base": "USD",
"date": "2026-01-20",
"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": 1768868499,
"base": "USD",
"date": "2026-01-20",
"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

The Metals-API is a game-changer for developers and businesses looking to access real-time and historical data for metals like Magnesium (MG). By leveraging the API's capabilities, users can gain valuable insights into market trends, optimize their operations, and make informed decisions that drive success. The integration of smart technology and data analytics into the metal markets signifies a shift towards a more data-driven approach, enabling businesses to stay competitive in an ever-evolving landscape.

As we look to the future, the potential for innovation in the metal markets is vast. With the Metals-API, developers have the tools they need to build applications that can harness the power of real-time data, paving the way for smarter, more efficient operations. For more information on how to get started with the Metals-API, visit the Metals-API Documentation and explore the various endpoints available to you.

In summary, the ability to access historical prices and real-time data for metals like Magnesium is not just a luxury; it is a necessity for businesses aiming to thrive in today's market. By utilizing the Metals-API, you can unlock the potential of your data and drive your business forward.

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Get Up-to-Date Magnesium (MG) Historical Prices using this API