LME will raise daily nickel limit from 5% to 8% tomorrow “Prices remained limit-down by the close, and the LME later announced it would increase the price band to 8% per cent for Thursday’s trading in an attempt ‘to further assist the market to discover the true market price.’”
https://bestinau.net/markets-live-thursday-march-17-2022/
Saxo Bank's Ole Saxon accurately predicted what was going to happen Wednesday morning when the LME reopened its nickel market - “It’s going to be horrible.”
"A lot of people are just really sick to the stomach of the way the market behaved last week but hopefully this will be a wake-up call for the LME …" Hansen said.
“Looking ahead, the LME CEO [Matthew Chamberlain] said ‘greater visibility’ on the over-the-counter market would be required. Chamberlain said this was in addition to other reforms, such as price bands. ‘We cannot be in a position where this happens again.’”
https://www.cnbc.com/2022/03/16/metals-lme-suspends-nickel-trading-once-again-on-systems-error.html