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LME credibility after nickel saga now top of Chamberlain s to do list

Ukraine war leaves China s Nickel King on hook for billions

BEIJING The play by Xiang Guangda, China's "Nickel King", was to use his influential market position to short the metal, wait for the price to drop, then soak up the rewards when the value bounced back.But then Russian President Vladimir Putin invaded Ukraine and things got complicated fast.Russia is one of the world's biggest producers of nickel ore, a key component of

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

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

The play by Xiang Guangda, China's "Nickel King", was to use his influential market position to short the metal, wait for the price to drop, then soak up the rewards when the value bounced back. But then Russian President Vladimir Putin invaded Ukraine and things got complicated fast. Russia is one of the world's biggest producers of nickel ore, a key component of batteries for electric vehicles.  As concussive Western sanctions over the invasion struck, the price of the silver-white metal rocketed to a record above $100,000 per tonne.

China-Based Tsingshan Plans Iron Ore Mine, Steel Plant in Zimbabwe

China-Based Tsingshan Plans Iron Ore Mine, Steel Plant in Zimbabwe
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