WebMar 8, 2024 · Tsingshan, a privately-held company, and other ‘shorts’ faced larger margin calls on their short bets after the LME raised the amount of money companies had to deposit with it to cover their exposure to falling nickel prices, the three sources said. Tsingshan and the LME declined to comment. WebTsingshan is committed to producing high-quality, low-cost, energy-saving, environmental-friendly stainless steel and new energy in the efforts for safer and more convenient lives of mankind. With people-oriented and win-win vision, we are willing to join hands with like-minded friends in the world to realize our dreams and contribute to the society!
Nickel Futures Spike Ridiculously, Trading Halted, in Short …
WebMar 10, 2024 · Many experts think it will once the short squeeze plays out. World’s biggest nickel player in a spot of bother. The fall guys for that short squeeze appear to be Tsingshan and its founder Xiang Guangda. Xiang and Tsingshan were short a reported 100,000t on the LME, a mix of hedges against future production and bets on the nickel price going down. WebMar 8, 2024 · Tsingshan, a privately-held company, and other 'shorts' faced larger margin calls on their short bets after the LME raised the amount of money companies had to … grant estate agents hereford
China
WebXiang Guangda. View history. Xiang Guangda. Xiang in 2024. Born. 1958 (age 64–65) Wenzhou, Zhejiang, China. Xiang Guangda ( Chinese: 项光达; pinyin: Xiàng guāngdá; born … WebMar 9, 2024 · It will likely take a couple more news cycles to flush out the details, but all accounts have this price move down to Chinese nickel producer Tsingshan Holdings Group (private) having to cover a massive short position at a loss, and the market piling in and making a GameStop of it.. Tsingshan is a private Chinese stainless steel producer that … WebMar 8, 2024 · A Chinese tycoon who built a massive short position in nickel futures is ... the people said. Nickel rocketed to a record high above $100,000 a ton on Tuesday, driven in … grant ethics policy sample