LONDON (Reuters) – The London Metal Exchange (LME) will raise its daily price limit for nickel trading to 12% from 8% effective Friday, the exchange said in a release.
Nickel resumed trading on the LME in a fixed price range for the first time on Wednesday after extreme volatility in prices triggered a rare market shutdown last week.
The exchange also imposed 15% limits this week on other base metals including aluminium, copper, lead, tin and zinc – the first time in its 145-year history the LME has ever placed limits on outright contracts.
(Reporting by Pratima Desai; editing by Chris Reese)
