Chinese tycoon behind nickel’s ‘big short’ has power to fuel more drama - Sydney Morning Herald
3/10/2022 12:00:00 AM3 years 1 month ago
by Bloomberg News
by Bloomberg News
Xiang Guangda’s wrong-way bet on nickel futures helped trigger one of the wildest commodity price spikes in history. Now he has a big decision to make.
Opaque market How Xiang got to this point is a story that encompasses Chinas emergence as a global economic behemoth. It also highlights the risks of an opaque market where a handful of players play… [+3737 chars]
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