LME sets 15% daily limit on all metals
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Update time : 2022-04-07 20:39:26
The London Metal Exchange (LME) said on Monday (April 4) that it set a 15% upper and lower daily price limit on all physically delivered metals and cash-settled cobalt, and it also commissioned an independent institution to investigate the incident which led to chaos in the nickel market last month, in order to avoid similar problems happening again.
The LME welcomed British financial regulators’ review of how the exchange handled the halted nickel trading on March 8.
