WebJun 10, 2024 · Tsingshan had been shorting nickel ... Then came the Feb. 24 invasion by Russia, which exports about 5% of the world’s nickel. A price jump sparked a “short squeeze” ... WebMar 10, 2024 · As Russia’s invasion of Ukraine pushed up prices, short-position holders — including Tsingshan — scrambled to trim their bets. Those moves sent nickel to a record …
Tsingshan Holdings was "epic short", the upstream and …
WebMar 13, 2024 · triggered a massive short squeeze Bid to avoid default It suspended nickel trading on Tuesday and cancelled all trades carried earlier in the day, before the freeze … WebMar 8, 2024 · Tsingshan Holding Group was looking at an $8 billion trading loss after nickel prices soared, The Wall Street Journal reported Tuesday. The company has assured creditor banks in China that its financial position is sound. Russia's war against Ukraine triggered a short squeeze on nickel, sending prices briefly above $100,000 a ton. t shirt cyrus north
Commodities go crazy: nickel edition Financial Times
WebTsingshan received a financial lifeline to help meet margin calls. It secured bridge loans from banks including JPMorgan Chase & Co. JPM, -2.29% and China Construction Bank Corp. 939, -0.42% ... Web2 days ago · JPMorgan played a central role in the nickel crisis that brought the LME to its knees in March. It was the largest counterparty for Tsingshan Holding Group Co., the company whose huge short position was at the center of the squeeze. It reported a $120 million loss related to nickel in its first quarter results a year ago. WebMar 8, 2024 · Tsingshan Holding Group was looking at an $8 billion trading loss ... A Chinese nickel titan is staring down an $8 billion trading loss as a short squeeze sends the metal … t shirt daily paper