Retrieve Iron Ore (IRON) price data with this API

Retrieve Iron Ore (IRON) Price Data with this API

In the ever-evolving landscape of the metals market, the ability to access real-time data is crucial for developers and businesses alike. The Metals-API provides a robust solution for retrieving Iron Ore (IRON) price data, along with a wealth of other metal-related information. This blog post delves into the intricacies of Iron Ore, its markets, and how the Metals-API functions to empower developers in creating innovative applications.

About Iron Ore (IRON)

Iron Ore, represented by the symbol IRON, is a fundamental raw material in the production of steel, which is essential for various industries, including construction, automotive, and manufacturing. The digital transformation in metal markets has led to significant advancements in how data is collected, analyzed, and utilized. With the integration of smart technologies and data analytics, stakeholders can now gain insights that were previously unattainable.

The technological innovation surrounding Iron Ore markets is not just about data collection; it's about transforming that data into actionable insights. Developers can leverage the Metals-API to access real-time and historical data, enabling them to build applications that forecast trends, analyze market fluctuations, and optimize trading strategies. The future of Iron Ore trading is poised for further transformation, with possibilities for enhanced predictive analytics and automated trading systems.

API Description

The Metals-API is a powerful tool designed to provide developers with real-time metals data, including Iron Ore prices. This API is built with innovation in mind, allowing for seamless integration into various applications. By utilizing the Metals-API, developers can create next-generation applications that harness the power of real-time data to drive decision-making processes.

One of the standout features of the Metals-API is its ability to deliver data in a structured format, making it easy for developers to parse and utilize. The API supports a wide range of endpoints, each designed to cater to specific data retrieval needs. For instance, the Latest Rates Endpoint allows users to access real-time exchange rate data, updated at intervals depending on the subscription plan. This feature is invaluable for applications that require up-to-the-minute pricing information.

Furthermore, the Historical Rates Endpoint provides access to historical data dating back to 2019, enabling developers to analyze trends over time. By appending a specific date to the API call, users can retrieve historical rates, which can be crucial for market analysis and forecasting.

Key Features and Endpoints

The Metals-API boasts a variety of endpoints, each with unique capabilities that can be leveraged for different applications. Here are some of the key features:

• Latest Rates Endpoint: This endpoint returns real-time exchange rate data for metals, updated every 60 minutes, 10 minutes, or even more frequently, depending on the subscription plan. For example, a typical response might look like this:

{
    "success": true,
    "timestamp": 1747551610,
    "base": "USD",
    "date": "2025-05-18",
    "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: This feature allows users to access historical exchange rates for any date since 1999. For example:

{
    "success": true,
    "timestamp": 1747465210,
    "base": "USD",
    "date": "2025-05-17",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

• Bid And Ask Endpoint: This powerful feature enables users to retrieve real-time bid and ask prices for various metals, facilitating informed trading decisions. A sample response might look like this:

{
    "success": true,
    "timestamp": 1747551610,
    "base": "USD",
    "date": "2025-05-18",
    "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: This endpoint allows for the conversion of any amount from one metal to another or to/from USD. For example:

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1747551610,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

• Time-Series Endpoint: This feature allows users to query the API for daily historical rates between two dates of their choice. A typical response might look like this:

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-05-11",
    "end_date": "2025-05-18",
    "base": "USD",
    "rates": {
        "2025-05-11": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-05-13": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-05-18": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

• Fluctuation Endpoint: This endpoint provides information about how currencies fluctuate on a day-to-day basis. For instance:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-05-11",
    "end_date": "2025-05-18",
    "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: This endpoint allows users to retrieve the open, high, low, and close prices for a specific time period. A sample response might look like this:

{
    "success": true,
    "timestamp": 1747551610,
    "base": "USD",
    "date": "2025-05-18",
    "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: This endpoint provides access to historical rates for LME symbols, dating back to 2008. This is particularly useful for users interested in long-term trends.
• API Key: To access the Metals-API, users must include their unique API key in the request. This key is essential for authentication and authorization.
• API Response: The API delivers exchange rates relative to USD by default, ensuring consistency across different requests.
• Supported Symbols Endpoint: This endpoint provides a constantly updated list of all available currencies and metals, allowing developers to stay informed about the latest additions.
• Gold Price India Endpoint: For those specifically interested in gold prices in India, this dedicated endpoint provides the latest information.
• News Endpoint: The Metals-API also includes a news feature, allowing users to retrieve the latest 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. For a complete list of all supported symbols and their specifications, refer to the Metals-API Supported Symbols page. This resource is invaluable for developers looking to integrate specific metals into their applications.

Conclusion

The Metals-API is a transformative tool for developers seeking to access real-time and historical data on Iron Ore and other metals. By leveraging the various endpoints available, developers can create applications that not only provide current pricing information but also analyze trends and fluctuations over time. The integration of smart technology and data analytics into the metals market is paving the way for innovative solutions that can enhance decision-making processes and optimize trading strategies.

As the demand for accurate and timely data continues to grow, the Metals-API stands out as a reliable resource for developers. Whether you are building a trading platform, a market analysis tool, or simply seeking to stay informed about metal prices, the Metals-API offers the capabilities you need. For more information, visit the Metals-API Website and explore the Metals-API Documentation for detailed guidance on implementation and usage.