LME expands nickel daily price limit to 8% from 5%

LONDON (Reuters) – The London Metal Exchange (LME) increased its daily price limit for nickel to 8% from 5% from Thursday, it said in a notice.

Nickel trading on the world’s oldest and largest market for industrial metals resumed on Wednesday after about a week’s suspension and immediately hit its 5% lower price limit.

The LME is owned by Hong Kong Exchanges and Clearing Ltd.

(Reporting by Eric Onstad; Editing by David Goodman)

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