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
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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