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Home / Category: futures market

Category: futures market

World’s Largest Nickel Producer Faces Billions in Losses; China Releases National Reserves to Rescue

March 16, 2022 admin

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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. However, a dramatic reversal occurred, attributed…

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Category: futures market

World’s Largest Nickel Producer Faces Billions in Losses; China Releases National Reserves to Rescue

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