WebMar 11, 2024 · According to Chinese media reports, he got his first job fixing machinery at a state-run fishery, where he was guaranteed work under China’s “iron rice bowl” employment system before Deng ... WebMar 9, 2024 · His short position reportedly totaled around 100,000 tons of nickel. Nickel futures trading on the Shanghai Futures Exchange also paused overnight after prices surged 17% to their daily limit of ...
Chinese tycoon
WebMar 9, 2024 · That is the Chinese nickel giant Tsingshan Holding Group, the world’s biggest nickel producer. What is a short squeeze? Readers might remember the meteoric rise of GameStop stock last year ... WebMar 14, 2024 · Tsingshan has to either pay off the outstanding short positions, which could be as high as $8 billion, or prove it has sufficient deliverable nickel to repay in kind. … redhat original certificate
Xiang Guangda: Tycoon Behind Nickel’s Big Short Has Power to …
WebTsingshan is one of the biggest Nickel producer in China(Biggest is MCC), according to Bloomberg, "Xiang began building the short position in part because he wanted to hedge rising output, but also because he believed the rally in nickel prices would fade this year" tl;dr went from "haiya it's going to go down anyway, short it on margin because is free … WebFeb 7, 2024 · Although the aftermath of the historic LME nickel short squeeze has largely dominated market discussion since it occurred in March 2024, the latest production strategy shift by Chinese stainless steel and nickel producer Tsingshan provided the market with a stark reminder that global primary nickel fundamental developments are important to ... WebMar 11, 2024 · Xiang Guangda faces billions of dollars in losses after betting against the price of nickel, but he's not yet ready to throw in the towel. Guangda has told the banks … red hat outfitters