The London Metal Exchange (LME) will reduce daily price limits on aluminum and copper open contracts from 15 percent to 12 percent from 24 July.
According to the LME’s statement, the daily price limits for aluminum and copper open contracts will be lowered as part of the methodology that has been implemented to set daily price limits.
The daily price limits on these contracts will be reduced from the current 15 percent level to 12 percent as of July 24.
The evaluation process will be done twice a year to calibrate the daily price limits, but there will also be an evaluation if there are situations where additional inspection is required.