Opening Bell: Base Metals Market Update

  • LME has introduced a daily price limit for all metals, with a 15% upper and lower limit set for all physically delivered metals.
  • The exchange will face Britain’s regulatory review over the recent nickel market crisis.
  • Nickel cash prices opened at $34,659/t today, up 2.88% compared to the previous trading day’s closing and stocks were recorded at 73,362 t yesterday.
  • Aluminium cash prices increased slightly by 1.48% as against the previous closing.

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