Chinese Nickel Giant Tsingshan Faces $8 Billion Trading Loss as Ukraine War Upends Market

  • 📰 WSJ
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

An unprecedented rise in the price of nickel left one industry titan facing an $8 billion loss and led the LME to suspend trading in the metal

HONG KONG—Chinese nickel titan Tsingshan Holding Group faces billions of dollars in trading losses, people familiar with the company said, after

set off an unprecedented rise in the price of a key metal used in stainless steel and electric-vehicle batteries.led the London Metal Exchange to suspend trading in the metal on Tuesday, one of the people said. Late Tuesday, the exchange said it anticipates trading won’t resume before Friday.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

More bat soup and gutter grease for those fine people.

If that is the best 1 , 5 year business plan these idiots have. - the free market -will fulfill it’s much celebrated purpose. You guys should be a bit more consistent/ honest.

United States United States Latest News, United States United States Headlines