Access Praseodymium (PRA) Historical Prices using this API for Data Analysis

In the rapidly evolving world of metal markets, the ability to access and analyze historical prices is crucial for developers and analysts alike. Praseodymium (PRA), a rare earth metal, is gaining attention for its unique properties and applications in various industries, including electronics and renewable energy. This blog post will explore how to access historical prices for Praseodymium using the Metals-API, a powerful tool that provides real-time and historical data for various metals. We will delve into the API's capabilities, features, and practical applications, ensuring that you have a comprehensive understanding of how to leverage this resource for data analysis.

About Praseodymium (PRA)

Praseodymium is a member of the lanthanide series and is known for its bright yellow color in its oxide form. It is primarily used in the manufacturing of high-strength magnets, glass, and ceramics. As industries continue to innovate and integrate smart technologies, the demand for Praseodymium is expected to rise. This digital transformation in metal markets is driven by technological advancements that enable better data analytics and insights.

With the integration of smart technology, companies can now track the fluctuations in metal prices in real-time, allowing for more informed decision-making. The future of Praseodymium and other rare earth metals lies in the ability to harness data effectively, and the Metals-API provides the tools necessary for this endeavor.

Metals-API Overview

The Metals-API is a comprehensive JSON API that offers access to real-time and historical prices for various metals, including Praseodymium. It is designed for developers looking to build applications that require accurate and timely metal price data. The API's capabilities include retrieving the latest rates, historical rates, bid and ask prices, and much more.

One of the standout features of the Metals-API is its ability to provide data analytics and insights that can transform how businesses operate in the metal markets. By utilizing this API, developers can create applications that not only display current prices but also analyze trends over time, offering a competitive edge in a data-driven market.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different data needs. Below are some of the key features and their potential applications:

Latest Rates Endpoint: This endpoint provides real-time exchange rate data for metals, updated every 60 minutes or more frequently depending on your subscription plan. For example, you can retrieve the latest price for Praseodymium and compare it against historical data to identify trends.
Historical Rates Endpoint: Access historical rates dating back to 2019 by appending a specific date to your query. This feature is particularly useful for analysts looking to study price movements over time and make forecasts based on historical data.
Bid And Ask Endpoint: This powerful feature allows you to retrieve real-time bid and ask prices for metals, which is essential for traders looking to make informed buying and selling decisions.
Convert Endpoint: The Metals-API includes a currency conversion endpoint that enables you to convert any amount from one metal to another or to/from USD. This is particularly useful for businesses operating in multiple currencies.
Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice. This endpoint is invaluable for conducting in-depth analyses of price trends over specific periods.
Fluctuation Endpoint: Track how metal prices fluctuate on a day-to-day basis. This feature can help identify patterns and inform trading strategies.
Carat Endpoint: Retrieve information about gold rates by carat, which is essential for jewelers and gold traders.
Lowest/Highest Price Endpoint: Query the API to get the lowest and highest prices for a specified period, providing insights into market volatility.
Open/High/Low/Close (OHLC) Price Endpoint: This endpoint allows you to obtain the open, high, low, and close prices for a specific time period, which is crucial for technical analysis.
Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, which is beneficial for those tracking industrial metal prices.
API Key: Your unique API key is essential for accessing the API and must be included in your requests.
API Response: The API delivers exchange rates relative to USD by default, ensuring consistency across your data.
Available Endpoints: The Metals-API offers a wide range of endpoints, each providing different functionalities tailored to various user needs.
Supported Symbols Endpoint: This endpoint returns all available currencies and metal symbols, allowing you to easily find the data you need.
Gold Price India Endpoint: Retrieve the latest gold price in India using this dedicated endpoint, which is useful for local traders.
News Endpoint: Stay updated with the latest news articles related to various metals, helping you stay informed about market trends.

API Endpoint Examples and Responses

Understanding how to interact with the Metals-API is crucial for effective data retrieval. Below are examples of various API endpoints and their corresponding JSON responses:

Latest Rates Endpoint

Get real-time exchange rates for all available metals:

{
    "success": true,
    "timestamp": 1750060919,
    "base": "USD",
    "date": "2025-06-16",
    "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": 1749974519,
    "base": "USD",
    "date": "2025-06-15",
    "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": "2025-06-09",
    "end_date": "2025-06-16",
    "base": "USD",
    "rates": {
        "2025-06-09": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-06-11": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-06-16": {
            "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": 1750060919,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-06-09",
    "end_date": "2025-06-16",
    "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": 1750060919,
    "base": "USD",
    "date": "2025-06-16",
    "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": 1750060919,
    "base": "USD",
    "date": "2025-06-16",
    "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

Accessing historical prices for Praseodymium using the Metals-API opens up a world of possibilities for data analysis and decision-making in the metal markets. With its robust features, including real-time rates, historical data, and various endpoints tailored for specific needs, the Metals-API empowers developers to create innovative applications that can analyze trends, track fluctuations, and provide insights into market dynamics.

As industries continue to embrace digital transformation, the ability to harness data effectively will be a key driver of success. By leveraging the capabilities of the Metals-API, developers can stay ahead of the curve, ensuring that they have the tools necessary to navigate the complexities of the metal markets. For more information, refer to the Metals-API Documentation and explore the Metals-API Supported Symbols for a comprehensive list of available metals.

In summary, the Metals-API is not just a tool for retrieving data; it is a gateway to understanding the intricate world of metal prices, enabling smarter decisions and fostering innovation in an ever-evolving market landscape.

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Access Praseodymium (PRA) Historical Prices using this API for Data Analysis