Tsingshan nickel futures

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August undefined, 2024

WebMar 10, 2024 · Xiang and Tsingshan were short a reported 100,000t on the LME, a mix of hedges against future production and bets on the nickel price going down. Prices had already been rising steadily this year, hitting 11-year highs last month on low stockpiles and demand from the growing EV battery market. WebMar 15, 2024 · Tsingshan got a margin call for $3 billion, according to Bloomberg, meaning it had exposure to more than 150,000 tonnes of nickel. The problem for Tsingshan was that $3 billion was a little too ...

Nickel Prices May Crash Now That Tsingshan Says It Can Meet …

WebMar 10, 2024 · Tsingshan’s industrial park in Indonesia. Credit: Tsingshan Holding Group. Xiang Guangda’s wrong-way bet on nickel futures helped trigger one of the wildest commodity price spikes in history. WebMar 14, 2024 · Chinese tycoon Xiang Guangda has to find a way to bail his Tsingshan Holding Group out of a crisis after its bet on nickel prices backfired, fuelling more volatility … opening apps options

FOCUS: Questions arise after Tsingshan announces new nickel …

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 ... WebMar 14, 2024 · Posted Mon 14 Mar 2024 at 12:15pm, updated Wed 16 Mar 2024 at 1:01am. The price of nickel surged last week due to supply concerns and a short squeeze. (Getty Images: DeAgostini) Help keep family ... WebMar 10, 2024 · March 9th, 2024, 5:18 PM PST. The Chinese nickel company at the heart of this week’s big short squeeze on the LME, Tsingshan Holding Group Co., is said to have … iowa us house races

Tsingshan inks deals to swap nickel products for LME delivery

WebMar 4, 2024 · The most-traded June nickel contract on the Shanghai Futures Exchange SNIcv1 tumbled 6% to 130,510 yuan a tonne, ... China's Tsingshan Holding Group, a nickel … WebMar 14, 2024 · One thing is sure: If Xiang can weather the storm, Tsingshan’s nickel producing assets stand to benefit from the higher prices, offsetting losses from the short. For the LME, the future is unclear. As of the evening of March 13, the LME had yet to announce a date for nickel trading to resume. opening apps using pythonWebApr 2, 2024 · When a trade jumps by 250% over the course of days, investors typically pop bottles of champagne. Between Friday, March 4 and Tuesday March 8, nickel futures did just that — soaring on the ... iowa usps abbreviation

"WebMay 5, 2024 · CATL is believed to be amongst the companies that shorted nickel futures. The price of nickel has just started trading below $30,000 per ton after three months of trading over that level, which ... " - Tsingshan nickel futures

Tsingshan nickel futures

WebMar 9, 2024 · Shanghai’s most-traded nickel futures contract soared to CNY228,810 (USD36,235) a ton the same day, and trading is suspended today. Tsingshan needs to … WebMar 14, 2024 · Tsingshan is spearheading Indonesia’s two major nickel hubs, including the Morowali industrial park, which employs over 40,000 people and spans 2,000 hectares …

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WebMar 9, 2024 · The announcement sent nickel futures prices lower amid concerns of over supply of battery-grade material. * CNGR also plans to make 30,000 tonnes of nickel … WebMar 9, 2024 · Nickel prices on the London Metal Exchange (LME) have skyrocketed, and rumors about Tsingshan Holdings Group Co., Ltd. (hereinafter referred to as "Tsingshan Holdings") being squeezed for short positions in nickel futures contracts are rampant. As a result, this mysterious private steel company was brought under the spotlight of the market.

Web16 hours ago · Valuation. Eramet's current market cap is Euro 2.75b. Eramet reports end 2024 net debt at Euro 344m. 2024 PE's is 6.3 and 2024 is 4.9. 2024 net profit margin is … WebCommodity futures news: Ferroalloys Market Growth 2024, Share, Forecast By 2029, Keyplayers Are- Glencore, Eurasian Resources Group, Tsingshan Holding Group, updated 2024-04-13 11:21:32. Watch for more news articles, provided throughout the …

WebMar 11, 2024 · HONG KONG -- A record surge in nickel prices this week has shone a spotlight on little-known Chinese metals group Tsingshan Holdings and its co-founder … WebMar 16, 2024 · Tsingshan’s 2024 nickel equivalent output is estimated at 850,000 tonnes. Its nickel matte production in Indonesia is nearly 8,000 tonnes per month, according to the Shanghai Securities News.

WebApr 11, 2024 · In October 2009, the Tsingshan Group’s subsidiary, Shanghai Decent, set up a joint-venture company, PT Sulawesi Mining Investment, to invest in smelters and was …

WebMar 21, 2024 · The metal that’s used in stainless steel, electric vehicle batteries and, yes, nickels. On Friday, March 4, it cost about $29,000 to buy a ton of nickel on the futures market of the London Metal ... opening a print shop you need to buyWebDec 31, 2024 · Tsingshan's March 2024 announcement saw nickel prices plunging, turning the bulls to bears as the market anticipated more supply coming into the market to ease the tightness in nickel sulfate. S&P Global Platts assessed spot battery-grade nickel sulfate, with minimum 22% nickel content and maximum 100ppb magnetic material, at Yuan … opening apps on windows 10WebMar 11, 2024 · HONG KONG -- A record surge in nickel prices this week has shone a spotlight on little-known Chinese metals group Tsingshan Holdings and its co-founder Xiang Guangda as the company scrambled to ... iowa us representatives mapWebMar 9, 2024 · Tsingshan Holding Group, which faces billions of dollars in potential losses on short positions in nickel futures, won credit promises from banks including JPMorgan … opening a private schoolWebMar 10, 2024 · Securities Times reporter Mei Shuang Nickel prices on the London Metal Exchange (LME) have skyrocketed, and rumors about Tsingshan Holdings Group Co., Ltd. (hereinafter referred to as "Tsingshan Holdings") being squeezed for short positions in nickel futures contracts are rampant. As a result, this mysterious private steel company was … opening a prnx fileWebMar 9, 2024 · Usually futures markets trade in a contango position when the futures price are higher than the current price and companies like Tsingshan merely roll their positions forward making ... Tsingshan became Nickel Mines’ largest shareholder as part of a deal in 2024 that helped fund the ASX-listed nickel group’s acquisition of ... opening apps on windows 11Web16 hours ago · Valuation. Eramet's current market cap is Euro 2.75b. Eramet reports end 2024 net debt at Euro 344m. 2024 PE's is 6.3 and 2024 is 4.9. 2024 net profit margin is forecast to be 10.2%. Current ... iowa us senators 2021