Nickel drops 8%, hits limit down again in opening trade on LME

  • LME expanded the band limit for nickel trading from 5% to 8% today

Right off the bat nickel is down to $41,943, dropping by 8% and hitting limit down. That comes after the 5% drop yesterday and then a suspension of trading by the LME amid some technical difficulties.

As a reminder, the limit doesn't mean trading is suspended but it just means offers below that will be rejected.

Don't you just miss the wild, wild west sometimes?

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