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Nickel Prices Plummet To 6-Month Low

Nickel prices have fallen to a 6-month low, a far cry from March’s historic nickel squeeze which rocked the LME

China , Beijing , Tsingshan , Hong-kong-general- , Hong-kong , United-states , India , American , Huey-evans , Xiang-guangda , Tsingshan-holding-group , Bloomberg

How the Ukraine war left China's 'Nickel King' on the hook for billions

The play by Xiang Guangda was to use his influential market position to short the metal, wait for the price to drop, then soak up the rewards.

Shanghai , China , Beijing , Indonesia , Russia , Morowali , Sulawesi-tengah , London , City-of , United-kingdom , Ukraine , Russian

LME nickel mayhem: London to resume trading after Chinese 'Big Shot' Tsingshan lines up bank credit to forestall market chaos over its short positions

The agreement bookends an unprecedented short squeeze in the world’s nickel market, where prices soared from US$30,000 per ton to top US$100,000 over two tumultuous days in early March.

London , City-of , United-kingdom , Bloomberg , London-metal-exchange , Nickel , Singshan-group , Ommodities , Ondon-metals-exchange , Me , Iang-guangda

LME to Reopen Nickel Trading With a Price Cap After Epic Short Squeeze

The LME decision comes after Tsingshan reached a 'standstill' deal with its creditors over the billions of dollars of margin it owes for nickel trades.

China , Russia , London , City-of , United-kingdom , Ukraine , Chinese , Russian , Xiang-guangda , Tsingshan-holding-group , Terms-of-service , London-metal-exchange

JPMorgan Leads Nickel Talks, Largest Counterparty to Tycoon's Big Short

About one-third of Xiang Guangda's total short position of more than 150,000 tons of nickel is held through an OTC position with JPMorgan, a report said.

China , Indonesia , London , City-of , United-kingdom , Chinese , Xiang-guangda , Tsingshan-holding-group , Bloomberg , Terms-of-service , London-metal-exchange , China-construction-bank-international

Chinese nickel giant Tsingshan secures lifelines from lenders including JPMorgan and China Construction Bank after short on metal goes wrong

Tsingshan Holding Group, which faces billions of dollars in potential losses on short positions in nickel futures, won credit promises from banks including JPMorgan Chase and China Construction Bank, according to people familiar with the matter.

London , City-of , United-kingdom , London-metal-exchange , London-metal , Nickel- , Singshan-holding-group , Pmorgan-chase , Ondon-metal-exchange , Hina-construction-bank , Iang-guangda

LME suspends nickel trading after prices surge more than 110 per cent to over US$100,000 a ton

The massive short squeeze in nickel has embroiled a unit of China Construction Bank and Tsingshan Holding Group, the world’s largest producer of the metal.

London , City-of , United-kingdom , Bloomberg , London-metal-exchange , Nickel , Singhan , Cb-international , Me , Kraine-crisis , Ussia