Collect Indium (INDIUM) Historical Prices with this API
Collect Indium (INDIUM) Historical Prices with this API
In the ever-evolving landscape of metal markets, the demand for precise and timely data is paramount. Indium (INDIUM), a rare metal with unique properties, is increasingly being recognized for its applications in electronics, solar panels, and various high-tech industries. As developers and businesses seek to harness the power of data analytics and smart technology integration, the Metals-API emerges as a transformative tool for accessing historical prices and real-time data on Indium and other metals. This blog post will delve into the capabilities of the Metals-API, focusing on how to collect historical prices for Indium and the broader implications of digital transformation in metal markets.
About Indium (INDIUM)
Indium is a post-transition metal that is soft and malleable, making it an ideal candidate for various applications, particularly in the electronics sector. Its unique properties allow it to be used in soldering, coatings, and as a component in semiconductors. As industries continue to innovate and develop new technologies, the demand for Indium is expected to rise, leading to increased interest in its market dynamics.
The digital transformation of metal markets is driven by advancements in technology and data analytics. With the integration of smart technologies, businesses can now leverage real-time data to make informed decisions. The Metals-API plays a crucial role in this transformation by providing developers with access to comprehensive data on metal prices, including historical rates for Indium. This empowers businesses to analyze trends, forecast future prices, and optimize their operations.
API Description
The Metals-API is a powerful tool designed to provide developers with access to real-time and historical data on various metals, including Indium. By utilizing this API, developers can build next-generation applications that require accurate and timely metal pricing information. The API's capabilities extend beyond simple data retrieval; it offers a range of endpoints that facilitate various functionalities, including real-time exchange rates, historical data access, and currency conversion.
One of the standout features of the Metals-API is its ability to deliver real-time data updates. Depending on the subscription plan, users can receive updates every 60 minutes or even every 10 minutes, ensuring that they have the most current information at their fingertips. This level of accessibility is crucial for businesses that operate in fast-paced environments where price fluctuations can significantly impact profitability.
For more detailed information, you can refer to the Metals-API Documentation, which provides comprehensive guidance on how to utilize the API effectively.
Key Features and Endpoints
The Metals-API offers a variety of endpoints, each designed to cater to specific data needs. Below are some of the key features that developers can leverage:
Latest Rates Endpoint
The Latest Rates Endpoint provides real-time exchange rate data for metals, including Indium. Depending on your subscription plan, this endpoint can return data updated every 60 minutes or more frequently. This feature is essential for businesses that need to monitor price changes closely.
{
"success": true,
"timestamp": 1764028952,
"base": "USD",
"date": "2025-11-25",
"rates": {
"XNI": 0.142857
},
"unit": "per troy ounce"
}
Historical Rates Endpoint
Accessing historical rates is crucial for analyzing market trends and making informed decisions. The Historical Rates Endpoint allows users to query historical prices for Indium dating back to 2019. By appending a specific date to the API request, developers can retrieve valuable data that can be used for trend analysis and forecasting.
{
"success": true,
"timestamp": 1763942552,
"base": "USD",
"date": "2025-11-24",
"rates": {
"XNI": 0.140000
},
"unit": "per troy ounce"
}
Time-Series Endpoint
The Time-Series Endpoint allows developers to query the API for daily historical rates between two specified dates. This feature is particularly useful for conducting in-depth analyses over a defined period, enabling businesses to identify trends and fluctuations in Indium prices.
{
"success": true,
"timeseries": true,
"start_date": "2025-11-18",
"end_date": "2025-11-25",
"base": "USD",
"rates": {
"2025-11-18": {
"XNI": 0.140000
},
"2025-11-25": {
"XNI": 0.142857
}
},
"unit": "per troy ounce"
}
Convert Endpoint
The Convert Endpoint enables users to convert any amount from one metal to another or to/from USD. This functionality is essential for businesses that operate in multiple currencies or require conversion for pricing strategies.
{
"success": true,
"query": {
"from": "USD",
"to": "XNI",
"amount": 1000
},
"info": {
"timestamp": 1764028952,
"rate": 0.142857
},
"result": 142.857,
"unit": "troy ounces"
}
Fluctuation Endpoint
Understanding how prices fluctuate over time is vital for risk management and strategic planning. The Fluctuation Endpoint provides insights into how Indium prices change on a day-to-day basis, allowing businesses to track trends and make informed decisions.
{
"success": true,
"fluctuation": true,
"start_date": "2025-11-18",
"end_date": "2025-11-25",
"base": "USD",
"rates": {
"XNI": {
"start_rate": 0.140000,
"end_rate": 0.142857,
"change": 0.002857,
"change_pct": 2.04
}
},
"unit": "per troy ounce"
}
Open/High/Low/Close (OHLC) Price Endpoint
The OHLC Price Endpoint provides detailed information about the open, high, low, and close prices for Indium over a specified time period. This data is crucial for traders and analysts who need to assess market performance and make strategic decisions.
{
"success": true,
"timestamp": 1764028952,
"base": "USD",
"date": "2025-11-25",
"rates": {
"XNI": {
"open": 0.140000,
"high": 0.143000,
"low": 0.139000,
"close": 0.142857
}
},
"unit": "per troy ounce"
}
Bid/Ask Endpoint
The Bid/Ask Endpoint allows users to retrieve current bid and ask prices for Indium. This feature is particularly useful for traders who need to make quick decisions based on market conditions.
{
"success": true,
"timestamp": 1764028952,
"base": "USD",
"date": "2025-11-25",
"rates": {
"XNI": {
"bid": 0.142000,
"ask": 0.143000,
"spread": 0.001000
}
},
"unit": "per troy ounce"
}
List of Symbols
The Metals-API provides access to a comprehensive range of metal symbols, including Indium. 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 multiple metal data points into their applications.
Conclusion
In conclusion, the Metals-API offers a robust and innovative solution for developers seeking to access historical prices and real-time data for Indium and other metals. By leveraging the various endpoints available, businesses can gain valuable insights into market trends, optimize their operations, and make informed decisions based on accurate data. As the demand for Indium continues to grow, the ability to collect and analyze historical prices will be crucial for staying competitive in the market.
For more information on how to get started with the Metals-API, visit the Metals-API Website and explore the extensive documentation available. Embrace the future of metal markets with the power of real-time data and analytics.