LME introduces 15% daily price limits for all metals after nickel fiasco

The exchange said it had introduced daily price limits for all metals, with a 15% upper and lower limit set for all of its physically delivered metals. Adding that they welcomed the call by British financial regulators who wanted to review the way the exchange handled the whole nickel fiasco last month. In case you missed it:

• Neck-breaking stuff, nickel hits $100,000
• LME suspends nickel trading for at least the remainder of the day
• The nickel market is broken. LME says doesn't anticipate opening before Friday