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


3/9/2022 12:00:00 AM3 years 11 months 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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