Retrieve Nickel (NI) Historical Prices for Market Analysis using this API

In today's rapidly evolving financial landscape, the demand for accurate and timely data is paramount, especially in the metals market. Nickel (NI), a critical component in various industries, including batteries and stainless steel production, has seen significant fluctuations in its historical prices. To effectively analyze these trends, developers and analysts can leverage the powerful capabilities of the Metals-API. This blog post will delve into how to retrieve Nickel's historical prices using the Metals-API, exploring its features, endpoints, and the transformative potential of real-time metals data.

About Nickel (NI)

Nickel is a silvery-white metal known for its strength, resistance to corrosion, and ability to withstand high temperatures. As industries increasingly shift towards sustainable practices, the demand for nickel has surged, particularly in the production of electric vehicle batteries. This digital transformation in metal markets is driven by technological innovations and advancements that allow for better data analytics and insights.

With the integration of smart technologies, stakeholders can now access real-time data that informs decision-making processes. The Metals-API provides a robust platform for developers to build next-generation applications that can analyze historical price trends, enabling businesses to make informed strategic decisions. The future of nickel and other metals lies in the ability to harness data effectively, and the Metals-API stands at the forefront of this transformation.

API Description

The Metals-API is a comprehensive JSON API that provides real-time and historical data for various metals, including Nickel. It empowers developers to access a wealth of information, enabling them to create applications that can analyze market trends, perform currency conversions, and track price fluctuations. The API is designed with innovation in mind, allowing for seamless integration into existing systems.

One of the key features of the Metals-API is its ability to provide real-time exchange rate data, updated frequently based on the subscription plan. This capability is crucial for developers looking to build applications that require up-to-the-minute information on metal prices. Additionally, the API offers historical rates dating back to 2019, allowing users to analyze trends over time.

Key Features and Endpoints

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

Latest Rates Endpoint: This endpoint provides real-time exchange rate data for Nickel and other metals. Depending on your subscription plan, the API can return data updated every 60 minutes or even more frequently. This feature is essential for applications that require the latest market information.
Historical Rates Endpoint: Users can access historical rates for Nickel dating back to 2019. By appending a specific date to the API request, developers can retrieve past prices, which is invaluable for market analysis and forecasting.
Bid and Ask Endpoint: This powerful feature allows users to retrieve real-time bid and ask prices for Nickel. Understanding these prices is crucial for traders and analysts who need to make informed decisions based on market conditions.
Convert Endpoint: The Metals-API includes a currency conversion endpoint, enabling users to convert amounts from one metal to another or to/from USD. This functionality is particularly useful for businesses operating in multiple currencies.
Time-Series Endpoint: This endpoint allows users to query daily historical rates between two specified dates. It is ideal for analyzing trends over specific periods, providing insights into price movements and market behavior.
Fluctuation Endpoint: Users can track how Nickel prices fluctuate over time with this endpoint. By providing data on daily changes, it helps analysts understand market volatility and make predictions.
Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides detailed price information, including the opening, highest, lowest, and closing prices for Nickel over a specified period. This data is crucial for technical analysis and trading strategies.
Historical LME Endpoint: For those interested in the London Metal Exchange (LME) prices, this endpoint provides historical rates dating back to 2008, allowing for comprehensive analysis of Nickel's market performance.
API Key: Access to the Metals-API requires an API key, which is passed into the API base URL's access_key parameter. This key ensures secure access to the data.
API Response: The API delivers exchange rates relative to USD by default, with all data returned in a structured JSON format. Understanding the response fields is crucial for effective data utilization.
Available Endpoints: The Metals-API provides a constantly updated list of all available currencies and metals, ensuring users have access to the latest information.
News Endpoint: This feature allows users to retrieve the latest news articles related to various metals, keeping them informed about market developments.

API Endpoint Examples and Responses

To illustrate the capabilities of the Metals-API, here are some example responses for key endpoints:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1747450928,
    "base": "USD",
    "date": "2025-05-17",
    "rates": {
        "XNI": 0.142857
    },
    "unit": "per troy ounce"
}

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1747364528,
    "base": "USD",
    "date": "2025-05-16",
    "rates": {
        "XNI": 0.140000
    },
    "unit": "per troy ounce"
}

Time-series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-05-10",
    "end_date": "2025-05-17",
    "base": "USD",
    "rates": {
        "2025-05-10": {
            "XNI": 0.140000
        },
        "2025-05-17": {
            "XNI": 0.142857
        }
    },
    "unit": "per troy ounce"
}

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XNI",
        "amount": 1000
    },
    "info": {
        "timestamp": 1747450928,
        "rate": 0.142857
    },
    "result": 142.857,
    "unit": "troy ounces"
}

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-05-10",
    "end_date": "2025-05-17",
    "base": "USD",
    "rates": {
        "XNI": {
            "start_rate": 0.140000,
            "end_rate": 0.142857,
            "change": 0.002857,
            "change_pct": 2.04
        }
    },
    "unit": "per troy ounce"
}

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

{
    "success": true,
    "timestamp": 1747450928,
    "base": "USD",
    "date": "2025-05-17",
    "rates": {
        "XNI": {
            "open": 0.140000,
            "high": 0.143000,
            "low": 0.139000,
            "close": 0.142857
        }
    },
    "unit": "per troy ounce"
}

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1747450928,
    "base": "USD",
    "date": "2025-05-17",
    "rates": {
        "XNI": {
            "bid": 0.142000,
            "ask": 0.143000,
            "spread": 0.001000
        }
    },
    "unit": "per troy ounce"
}

Conclusion

In conclusion, the Metals-API provides a powerful tool for developers and analysts seeking to retrieve historical prices for Nickel (NI) and other metals. By leveraging its extensive features and endpoints, users can gain valuable insights into market trends, perform detailed analyses, and make informed decisions. The integration of real-time data into applications not only enhances operational efficiency but also positions businesses to adapt to the ever-changing landscape of the metals market.

For more information on how to implement these features, refer to the Metals-API Documentation, explore the Metals-API Supported Symbols, and visit the Metals-API Website for additional resources. By embracing the capabilities of the Metals-API, developers can unlock the full potential of data-driven decision-making in the metals market.

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Retrieve Nickel (NI) Historical Prices for Market Analysis using this API