Nov 16 (Reuters) – The London Metallic Trade (LME) on Wednesday mentioned the alternate is endeavor enhanced monitoring to make sure that members’ buying and selling actions are being performed appropriately following the present volatility in nickel costs.
The value limits in place are functioning as anticipated, the LME mentioned in an emailed response.
Nickel fell as a lot as 11.6% on Wednesday in risky and illiquid commerce as a rally through which costs of the stainless-steel ingredient rose 40% in simply two weeks got here to a juddering halt.
Reporting by Swati Verma in Bengaluru; enhancing by Jonathan Oatis
: .