Tsinsghan is stuffed
Massive financial hit to global IO & Ni trade.
The start of the end of Tsingshans & BHPs monopolies imho.
Russians stopped Ni exports as its diverted to war production 100%, chinese cant get any right now imho.
Their BIG SHORT by BIG SHOT got margin called and got a BIG SHOT backwards stopped out 300% higher than the short.
Its a massive cash loss and shows how they were manipualting the Nckel price last 8 years but this time they got BURNT to a CRISP as the counterparties shot a BIG hole through them.
Cant believe the LME is allowing them to exit through the backdoor when they should be blacklisted and burnt, which shows how LME is reliant on dodgy chinese traders and dealers engaging in massive price manipulation globally.
Tsingshans pain only just started.
They only have themselves to blame for this NP BOOM that I saw coming years ago.
They have mass deficit and mass cash loss and the ONLY way to cover is to ramp and get supply fast or they will be the next Evergrande on steroids.
Thank you Tsingshan for the MOTHER of all NI BOOMS.
The BIG SHORT just got BIG SHOT.
NP going to rocket on reopen and stay elevated for years now imho as Tsingshan will need higher prices & production asap to cover this disastrous shorting loss.
Burn them SHORTERS, BURN!
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