The London Metal Exchange said it would allow nickel to rise or fall 'at least 5%' daily when trading resumes Wednesday, and would keep the price limits under review
The exchange unveiled rules meant to rein in nickel-price moves and protect its members, after Chinese metals giant Tsingshan Holding Group racked up billions of dollars in losses from wrong-way bets. The LME also introduced guardrails for trading in other metals.
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