WebMar 8, 2024 · Text. HONG KONG—Chinese nickel titan Tsingshan Holding Group faces billions of dollars in trading losses, people familiar with the company said, after Russia’s war in Ukraine set off an ... WebMar 16, 2024 · China's Tsingshan Holding Group has reached agreements with two companies to swap its nickel products with a purer form of the metal to close out large short positions it holds on the London Metal Exchange (LME), state-backed Shanghai Securities News said. The nickel giant, which faces billions of dollars of losses from its short …
Nickel price: Fitch upgrades forecast on long-term uptrend
WebNov 26, 2024 · Tsingshan, predominantly a stainless-steel maker, came out of nowhere to become the world's top nickel producer in 2024 thanks to its pioneering use of low-grade nickel pig iron. It and fellow ... WebMar 14, 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 ... dr shane farrelly
[Spoiler] China Nickel Industry Chain Annual Report 2024-2025
WebMay 23, 2024 · The Outlook revision is due to increasing liquidity risks from contagion related to the problems faced by NIC's sole off-taker, Tsingshan Holding Group Co., which made a loss on its short nickel position in early March 2024. Tsingshan is also NIC's majority shareholder with a 21.15% stake through Shanghai Decent Investment. WebDaily macro market insights, single stock analysis, student career advice and trending topics!Meet the team:Anthony Cheung - Head of Market AnalysisSpent the... WebMar 4, 2024 · HANOI, March 4 (Reuters) - Chinese stainless steel and nickel giant Tsingshan Holding Group's decision to produce a large amount of nickel matte in Indonesia has eased investor concerns over battery-grade supply and pressured prices, industry analysts say. Nickel prices on the Shanghai Futures Exchange dropped by its maximum limit of 6% on ... dr shane fancher decatur il