An undated photograph of Xiang Guangda, who controls the world’s largest nickel producer Tsingshan Holding Group. Photo: qq.com
How China’s ‘Big Shot’ tycoon broke the nickel market and survived a US$1 billion loss
- Xiang Guangda survived the epic nickel squeeze, thanks in no small part to the LME’s decision to intervene and cancel trades
- The tycoon behind Tsingshan took a US$1 billion hit from the crisis, a ‘manageable sum’ given profits generated by his mining empire
An undated photograph of Xiang Guangda, who controls the world’s largest nickel producer Tsingshan Holding Group. Photo: qq.com
