Tsingshan Holding Group has been struggling to pay margin calls to its brokers, according to people familiar with the situation. Photo: qq.com
Tsingshan Holding Group has been struggling to pay margin calls to its brokers, according to people familiar with the situation. Photo: qq.com

Chinese tycoon Xiang Guangda behind big nickel short facing losses worth billions of dollars

  • Nickel rocketed to a record high above US$100,000 a tonne on Tuesday before trading was suspended
  • Tsingshan could have suffered well over US$2 billion of daily losses at the most extreme point of nickel’s surge on Monday

Tsingshan Holding Group has been struggling to pay margin calls to its brokers, according to people familiar with the situation. Photo: qq.com
Tsingshan Holding Group has been struggling to pay margin calls to its brokers, according to people familiar with the situation. Photo: qq.com
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