One of the companies that is heavily exposed to the crisis, China’s Tsingshan Holding Group, has a huge investment in Zimbabwe.The company, the world’s largest nickel producer, faces $8 billion in trading losses from the crisis as a result of short positions (expecting the price to go down). Tsingshan is building Africa’s largest iron ore mine and steel plant in Zimbabwe, a project that is expected to be the country’s largest employer. The losses [of Tsingshan] could put this investment at risk.
https://lawntennisnews.com/how-the-nickel-crisis-may-impact-africa/
Future global iron ore production at ridk
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