World’s Largest Nickel Producer Faces Billions in Losses; China Releases National Reserves to Rescue
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Update time : 2022-03-17 18:35:23
The world’s biggest nickel and stainless steel producer, Tsingshan Holding Group, suffered a fiasco in a global capital sniping on the London Metal Exchange (LME) on March 7, with its 200,000-ton nickel forward contracts caught in a delivery default and facing potential losses of billions on its short positions.
