The early morning of March 8 was perhaps the most important moment in the life of Xiang Guangda, the founder of Tsingshan Holdings. Bulls attacked, and the price of nickel on the London Metal Exchange soared, with a ton of $40,000, $50,000, and $100,000. The numbers all the way up are like a sharp knife, constantly piercing Xiang Guangda’s heart.
If calculated based on the shorting volume of 200,000 tons of nickel, for every US$10,000 increase in one ton, the loss of Tsingshan Holdings will increase by US$2 billion. Originally, the time was on Xiang Guangda’s side, but the conflict between Russia and Ukraine broke out, and the supply of Russian nickel was blocked. This time, can the low-key and “dare to be the first” Xiang Guangda lead Tsingshan Holdings out of the predicament?
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