Tag: London Metal Exchange
Backwardation limit for Nickel
At 1700 hours on 17 August 2006, The London Metal Exchange announced that the Special Committee has imposed a Backwardation limit of USD 300.00 per tonne per day in the nickel market and that there will be a suspension of the Lending Guidance in respect of those with nickel positions.
LME succeeds in OFT ban lifting
The UK Office of Fair Trading (OFT) has decided to withdraw unconditionally, and in its entirety, the interim measures direction imposed on the London Metal Exchange (LME) on 27 February 2006.
Nickel price brings SS headaches
According to Meps, nickel's price surge has continued, creating fresh headaches for participants in the stainless steel market. In London Metal Exchange trading in the last week of April, nickel prices reached a peak of USD 20,000 per tonne.
