WebMar 11, 2024 · Meet the nickel king of China, who froze a 145-year-old metal exchange. The historic London Metal Exchange has been on hold since Tuesday, after a sensational short squeeze sent nickel prices ... WebMar 10, 2024 · Xiang Guangda’s wrong-way bet on nickel futures helped trigger one of the wildest commodity price spikes in history. Now the Chinese tycoon known as “ Big Shot ” must decide whether to ...
Chinese tycoon behind nickel short faces billions in losses
WebMar 14, 2024 · JPMorgan is caught in the nickel short squeeze as the biggest counterparty to a Chinese tycoon's trades, Bloomberg reported. Trades by Xiang contributed to a … WebMar 23, 2024 · Nickel Short Saga Raises Questions About China’s Interference in International Markets Beijing’s bailout of a “big shot” metals billionaire is a warning about … onslow motors
How ‘Big Shot’ billionaire Xiang Guangda who broke nickel
WebMar 11, 2024 · Tsingshan’s short position was said to be around 100,000 tons of nickel. When including positions taken through intermediaries, the company could have suffered … WebMar 9, 2024 · Chinese Tycoon Behind Big Nickel Short Faces Billions in Losses. The deals come after the price of nickel, the metal used to produce stainless steel and electric batteries, rocketed to above $100,000 a ton on Tuesday before the LME suspended the market and canceled all trades that took place during Asian hours. Nickel has been … WebMar 10, 2024 · The company has swapped its nickel matte for domestic nickel plate, says state media Securities Daily; Tsingshan’s short on the LME is said to be 100,000 tonnes, but could be larger when taking ... onslow motors cars for sale