{"id":1639,"date":"2022-04-27T09:54:29","date_gmt":"2022-04-27T07:54:29","guid":{"rendered":"https:\/\/scrapad.com\/?p=1639"},"modified":"2025-01-14T12:56:05","modified_gmt":"2025-01-14T10:56:05","slug":"london-metal-exchange-lme-introduces-15-daily-price-limits-for-all-metals","status":"publish","type":"post","link":"https:\/\/scrapad.com\/en\/blog\/london-metal-exchange-lme-introduces-15-daily-price-limits-for-all-metals","title":{"rendered":"London Metal Exchange (LME) introduces 15% daily price limits for all metals"},"content":{"rendered":" \n    <div class=\"c-post--header\" style=\"background-image: url(https:\/\/scrapad.com\/wp-content\/uploads\/2023\/09\/lme-scrapad.jpg);\">\n        <a href=\"\" class=\"c-back-action\">\n            Go back        <\/a>\n        <h1>London Metal Exchange (LME) introduces 15% daily price limits for all metals<\/h1>\n\t\t<p class=\"c-post--author\">\n\t\t\tAuthor:\t\t\t<a href=\"https:\/\/scrapad.com\/en\/author\/scrapad-admin\/\">ScrapAd<\/a>\n\t\t<\/p>\n        <div class=\"c-post--meta\">\n            <p>27\/04\/2022<\/p>\n            <div class=\"c-post--actions\">\n                <a onclick=\"window.print()\" class=\"c-article__action\">\n                    <i class=\"large material-icons icon\">print<\/i>\n                <\/a>\n                <a data-clipboard-text=\"\" class=\"c-article__action\">\n                    <i class=\"large material-icons icon\">content_copy<\/i>\n                <\/a>\n                <span class=\"c-article__action share__trigger\">\n\t\t\t\t\t<i class=\"large material-icons icon\">share<\/i>\n\t\t\t\t\t<ul class=\"share__displays\">\n\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/scrapad.com\/wp-content\/plugins\/scrapad-blocks\/assets\/icons\/share\/facebook.svg\" alt=\"\">\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t<a href=\"https:\/\/twitter.com\/share?text=&amp;url=\" target=\"_blank\" rel=\"noopener\">\n                                <img decoding=\"async\" src=\"https:\/\/scrapad.com\/wp-content\/plugins\/scrapad-blocks\/assets\/icons\/share\/twitter.svg\" alt=\"\">\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&amp;url=&amp;title=&amp;summary=&amp;source=\" target=\"_blank\" rel=\"noopener\">\n                                <img decoding=\"async\" src=\"https:\/\/scrapad.com\/wp-content\/plugins\/scrapad-blocks\/assets\/icons\/share\/linkedin.svg\" alt=\"\">\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t<a\n\t\t\t\t\t\t\t\thref=\"mailto:info@scrapad.com?&amp;cc=&amp;bcc=&amp;subject=&amp;body=\"\n\t\t\t\t\t\t\t\ttarget=\"_blank\"\n\t\t\t\t\t\t\t>\n                                <img decoding=\"async\" src=\"https:\/\/scrapad.com\/wp-content\/plugins\/scrapad-blocks\/assets\/icons\/share\/email.svg\" alt=\"\">\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t<\/ul>\n\t\t\t    <\/span>\n            <\/div>\n        <\/div>\n    <\/div>\n    \n\n \n    <section class=\"c-container \" style=\" background-color: #FBFBFB; background-size: cover; --xsPadding: 40px 25px 40px 25px; --smPadding: 40px 25px 40px 25px; --mdPadding: 80px 100px 80px 100px; --lgPadding: 80px 100px 80px 100px; --xlPadding: 80px 100px 80px 100px; --xxlPadding: 80px 200px 80px 200px;  \">\n        \n<div class=\"wp-block-scrapad-blocks-container c-post\">\n<div class=\"c-article__desc wp-block-scrapad-blocks-article-desc\">\n<p><a href=\"https:\/\/www.lme.com\/\" target=\"_blank\" rel=\"noopener\">London Metal Exchange (LME)<\/a>\u00a0has announced that it is placing daily limits of 15% on <a href=\"https:\/\/scrapad.com\/en\/scrap-metal-prices\/\" data-type=\"link\" data-id=\"https:\/\/scrapad.com\/en\/scrap-metal-prices\/\">metal prices<\/a> in addition to an independent review of the events that caused the chaos in the\u00a0<a href=\"https:\/\/scrapad.com\/en\/materials\/nickel-alloys\/\" target=\"_blank\" rel=\"noreferrer noopener\">nickel<\/a>\u00a0market last month to avoid the same situation.\u00a0<\/p>\n\n\n\n<p>The exchange suspended nickel trading on 8 March after prices rose more than 50 per cent to $100,000 a tonne. Trading resumed on 16 March when it launched daily price limits and the provision of OTC nickel trading data for the first time.&nbsp;<\/p>\n\n\n\n<p>This rise was triggered by the conflict between Russia and Ukraine, as Russia is one of the world&#8217;s largest exporters of this volatile material.&nbsp;&nbsp;<\/p>\n\n\n\n<p>The rise was attributed to short covering by Chinese producer Tsingshan Holding Group. According to the LME, these short positions originated in the over-the-counter market.&nbsp;<\/p>\n\n\n\n<p>The LME has applauded the move by UK regulators to conduct a review of the actions taken by the London market in response to these events.&nbsp;<\/p>\n\n\n\n<p>They state that the decision has been taken on all their physically delivered metals to provide an additional mechanism for stability in the market.&nbsp;<\/p>\n\n\n\n<p>They added that, although historically, intraday price limits have not been a feature of LME markets, and market participants have preferred not to have such controls, there is now broad support for maintaining daily price limits for the foreseeable future to provide clear price limits and minimise the potential for disorderly price movements.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Buy and sell metals on ScrapAd<\/h2>\n\n\n\n<p>To&nbsp;<a href=\"https:\/\/scrapad.com\/en\/materials\/metals\/\" target=\"_blank\" rel=\"noreferrer noopener\">buy&nbsp;and sell&nbsp;metals<\/a>&nbsp;through ScrapAd is the easiest way to grow your business, as we offer businesses a secure and easy to use platform for both buying and selling scrap metal.. Find out in our blog&nbsp;<a href=\"https:\/\/scrapad.com\/en\/blog\/what-is-lme-london-metal-exchange\/\" target=\"_blank\" rel=\"noreferrer noopener\">what is LME<\/a>&nbsp;or London Metal Exchange and what are its functions.<\/p>\n<\/div>\n<\/div>\n\t<\/section>\n    \n\n    <div class=\"c-container c-post--related\" style=\"background-color: #F7F5F2; --xsPadding: 40px 25px 40px 25px; --smPadding: 40px 25px 40px 25px; --mdPadding: 40px 25px 40px 25px; --lgPadding: 72px 100px 72px 100px; --xlPadding: 72px 100px 72px 100px; --xxlPadding: 72px 100px 72px 100px;\">\n        <div class=\"container\">\n            <h3 class=\"c-article__side__heading\">Other posts that may interest you\u2026<\/h3>\n        <\/div>\n        <div class=\"scrapad-blocks-related glide\" data-autoplay=\"4000\" data-views-desktop=\"3\" data-views-tablet=\"2\" data-views-mobile=\"1\" data-mode=\"slider\">  \n            <div class=\"container glide__track\" data-glide-el=\"track\">\n                <div class=\"row slider-mobile glide__slides\">\n                                                                         \n                            <div class=\"col-12 col-lg-6 glide__slide\">\n                                    <div class=\"c-blog__item\">\n        <a href=\"https:\/\/scrapad.com\/en\/blog\/differences-between-brass-and-bronze\/\" class=\"c-blog__item--inner\">\n            <div class=\"c-blog__item__header\">\n                <div\n                    class=\"c-blog__item__image\"\n                    style=\"background-image: url(https:\/\/scrapad.com\/wp-content\/uploads\/2025\/01\/laton-bronce.jpg;\"\n                ><\/div>\n                <\/div>\n                <div class=\"c-blog__item_body\">\n                    <h4 class=\"c-blog__item__title\">Differences between brass and bronze<\/h4>\n                    <div class=\"c-blog__item__meta\">\n                        <span class=\"c-blog__item__date\">29\/01\/2025<\/span>\n                    <\/div>\n                <div class=\"c-blog__item__desc\">\n                    <p>In the manufacturing industry it is common to use metal alloys such as bronze and brass. 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This decline coincides with warnings from one of the world&#8217;s largest steel producers, China, warning of a crisis in the sector.<\/p>\n                <\/div>\n                <div class=\"c-blog__item__footer\">\n                    <span class=\"c-blog__item__link\">Show details<\/span>\n                <\/div>\n            <\/div>\n        <\/a>\n    <\/div>\n                                <\/div>\n                                                            <\/div>\n            <\/div>\n        <\/div> \n    <\/div>\n    ","protected":false},"excerpt":{"rendered":"<p>London Metal Exchange (LME)\u00a0has announced that it is placing daily price limits of 15% on all metals in addition to an independent review of the events that caused the chaos in the\u00a0nickel\u00a0market last month to avoid the same situation.\u00a0<\/p>\n","protected":false},"author":2,"featured_media":1642,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[52,51],"tags":[],"class_list":["post-1639","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metals","category-metales"],"acf":{"post_country":{"simple_value_formated":"<ul><li><a class=\"post-link\" href=\"https:\/\/scrapad.com\/en\/blog\/london-metal-exchange-lme-introduces-15-daily-price-limits-for-all-metals\" rel=\"bookmark\">London Metal Exchange (LME) introduces 15% daily price limits for all metals<\/a><\/li><\/ul>","value_formated":"","value":"","field":{"ID":0,"key":"field_64ef02d93e348","label":"Pa\u00eds","name":"post_country","aria-label":"","prefix":"acf","type":"relationship","value":null,"menu_order":0,"instructions":"","required":0,"id":"","class":"","conditional_logic":0,"parent":"group_64ef02d9ad6ee","wrapper":{"width":"","class":"","id":""},"post_type":["paises"],"post_status":["publish"],"taxonomy":"","filters":["search","post_type","taxonomy"],"return_format":"id","min":"","max":"","elements":"","_name":"post_country","_valid":1}}},"_links":{"self":[{"href":"https:\/\/scrapad.com\/en\/wp-json\/wp\/v2\/posts\/1639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/scrapad.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/scrapad.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/scrapad.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/scrapad.com\/en\/wp-json\/wp\/v2\/comments?post=1639"}],"version-history":[{"count":5,"href":"https:\/\/scrapad.com\/en\/wp-json\/wp\/v2\/posts\/1639\/revisions"}],"predecessor-version":[{"id":61014,"href":"https:\/\/scrapad.com\/en\/wp-json\/wp\/v2\/posts\/1639\/revisions\/61014"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/scrapad.com\/en\/wp-json\/wp\/v2\/media\/1642"}],"wp:attachment":[{"href":"https:\/\/scrapad.com\/en\/wp-json\/wp\/v2\/media?parent=1639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/scrapad.com\/en\/wp-json\/wp\/v2\/categories?post=1639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/scrapad.com\/en\/wp-json\/wp\/v2\/tags?post=1639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}