LME to tighten daily price limits for aluminium, copper

The London Metal Exchange (LME) will reduce the daily price limits for outright contracts in aluminium and copper on all its venues, decreasing them from the current 15% to 12% with effect from 24 July 2023, Mysteel Global learned from the LME's latest statement on July 5.

"The calibration review process for the Daily Price Limits shall occur bi-annually as well as on an ad-hoc basis where circumstances warrant additional review," the world's largest and oldest metals forum added. The price limits have become a permanent tool for aluminium and copper - the most liquid metals on