That reply does not reflect well on your credibility.
The articles I’ve read say Tsingshan have a remaining short holding of around 100-150kt nickel. To put that into context, Tsingshan produced around 600kt of nickel equivalent in 2021. Yes, it’s not in the form directly traded on the LME - but it puts things into context. The squeeze will be hurting them, but they have options including sourcing nickel plate, addition loans or using their Indonesian assets as collateral to sure up the hedges.
https://www.google.com.au/amp/s/theworldnews.net/amp/au-news/chinese-tycoon-behind-nickel-s-big-short-has-power-to-fuel-more-drama
https://www.google.com.au/amp/s/au.finance.yahoo.com/amphtml/news/jpmorgan-biggest-counterparty-nickel-tycoon-174627952.html
That reply does not reflect well on your credibility.The...
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Last
82.5¢ |
Change
-0.030(3.51%) |
Mkt cap ! $3.535B | |||
| Open | High | Low | Value | Volume |
| 85.5¢ | 85.5¢ | 81.5¢ | $51.68M | 62.61M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1989834 | 82.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 83.0¢ | 821633 | 9 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| NIC (ASX) Chart |