WebApr 11, 2024 · Chinese tycoon Xiang Guangda has to find a way to bail his Tsingshan Holding Group out of a crisis after its bet on nickel prices backfired, fuelling more volatility in a metal essential for the electric vehicles industry. One of the world's top nickel producers faces massive losses on its short positions after prices soared over $100,000 per ... WebMar 13, 2024 · Beijing could step in to rescue Tsingshan, a source familiar with the matter told Reuters. China could swap some of its high grade nickel reserves for low grade nickel pig iron (NPI) that ...
Behind the “Epic Short Squeeze” of Lun Nickel: Who is Qingshan’s ...
WebMar 13, 2024 · Chinese tycoon Xiang Guangda has to find a way to bail his Tsingshan Holding Group out of a crisis after its bet on nickel prices backfired, fuelling more volatility in a metal essential for the electric vehicles industry. One of the world's top nickel producers faces massive losses on its short positions after prices soared over $100,000 per tonne … WebApr 14, 2024 · LONDON, April 14 (Reuters) - A lawsuit bought by Elliott Associates and Jane Street Global Trading against the London Metal Exchange (LME) for cancelling nickel trades will to be heard in a London court on June 20-22, the LME said on its website. U.S.-based Elliott and Jane Street are demanding damages of $456.4 million and $15.34 million … crypttyde
What happened in Tangshan? Graphic video of men stomping
WebMar 9, 2024 · That included Tsingshan, which had accumulated a large short position through its forward contracts. But the rush to buy back loss-making contracts in turn … WebMar 13, 2024 · This week, the London Metal Exchange (LME) nickel price surged 250% in two trading days, setting a new record high.Prior to this, Glencore denied to the "Daily … WebSee Tweets about #Tsingshan on Twitter. See what people are saying and join the conversation. cryptsync portable