Nickel Market Crisis Sends London Metal Exchange Scrambling to Prevent Damage - The Wall Street Journal


3/9/2022 12:00:00 AM3 years 1 month ago
by Rebecca Feng, Joe Wallace, Jing Yang

Chinese nickel giant at center of action, Tsingshan, received financial lifeline from banks to help meet margin calls related to $8 billion in paper losses

The metals industry, financial regulators and Chinese officials rushed to resolve a crisis in Londons nickel market, which remained on ice after an ill-fated trade sparked mammoth price gains and bil… [+376 chars]

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