"Bloomberg reported earlier this week that Tsingshan has secured credit promises from banks including JPMorgan that could allow it to avoid defaulting on its margin calls.
Still, discussions are ongoing. Xiang has told the banks and brokers that he would like to keep his short position, and has proposed to pledge some of Tsingshan’s assets in Indonesia as collateral for the money it owes in margin calls, people familiar with the matter said Thursday.©2022 Bloomberg L.P."
is this what scaring the market? If nickel futures price go up further then banks will dump these shares on the market?
dyo
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