Nickel Prices Jump To Seven-Year High As Supply Woes Mount
https://www.zerohedge.com/commodities/n ... woes-mount
Facing billions of dollars in mark-to-market losses after the metal surged more than 170% in two days.
Xiang Guangda — who controls the world's largest nickel producer, Tsingshan Holding Group Co has closed out part of his company's short position and is considering whether to exit the wager altogether.
He could have suffered well over US$2 billion of daily losses at the most extreme point of nickel's surge on Monday.
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