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The London Metal Exchange (LME) will raise its daily price limit for nickel trading to 15% from 12% effective Monday, it said a notice.
Nickel resumed trading on the LME in a fixed price range for the first time on Wednesday after extreme volatility 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.