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LME introduces daily price limits and OTC data for all metals

Mon, 04th Apr 2022 06:59

April 4 (Reuters) - The London Metal Exchange (LME) has introduced daily price limits and over the counter (OTC) position data on all LME metals as it establishes an independent nickel market trading review in response to recent wild price swings.

The LME introduced 15% upper and lower daily price limits for all of its physically delivered metals and cash-settled cobalt to ensure consistency across its two cobalt contracts, it said on Monday. (Reporting by Swati Verma in Bengaluru Editing by David Goodman )

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