WebMar 18, 2024 · Tsingshan’s short trade started to unravel spectacularly on March 7, when the LME’s benchmark three-month nickel future surged 66% to over $48,000. The following day there was an 18 minute blur of unprecedented trading in which the futures price went vertical, surging nearly 250% to beyond $100,000 a tonne. WebDec 20, 2024 · The news comes as Tsingshan and owner Xiang Guangda remain caught up in the March LME ... Canadian mining entrepreneurs say no to Glencore's Teck bid. M&A 10 APR 2024. Appian invests C$33M in Pine ...
What is Tsingshan
WebNov 3, 2024 · A UK subsidiary of mining giant Glencore has been ordered to pay more than £275m for bribing officials in African countries to get access to oil. The company paid $26m (£23m) through agents and ... WebMar 9, 2024 · “ Should Tsingshan choose to deliver, it has no suitable nickel to do so,” said Zhu. “If it wants to cut the position, it stands to lose as much as US$8 billion.” Late on Wednesday Tsingshan responded to reports that Swiss commodity traders Glencore had forced the group to sell the position, demanding 60 percent of Tsingshan’s Indonesian … north america cats
FOCUS: Questions arise after Tsingshan announces new nickel …
WebEternal Tsingshan Group Limited. Cámara Argentina de Empresarios Mineros. Lilac Solutions. Nova Royalty. ... Yamana Gold. Work highlights. Advised both Glencore and Newmont on the implementation of the integration between the Bajo de la Alumbrera copper-gold-molybdenum operation and the Agua Rica project – both located in … WebMar 7, 2024 · [nickel in LME soars 90 per cent to record high] LME nickel prices surged 90 per cent to an all-time high on Monday and aluminium futures jumped to a record high above $4000 a tonne, sparked a buying spree on fears that financial sanctions against Russia would lead to severe supply disruptions. 17:00 London time (01:00 Beijing time on March … 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 in a metal essential for the electric vehicles industry. One of the world's top nickel producers faces massive losses on its short positions after prices soared over $100,000 per ... north america byjus