glencore nickel short squeeze

. The Nickel Short Squeeze: What Happened? ["China Nickel King" was forced into position] The cause of the incident has to start from a shocking massacre of bulls against bears that occurred on the London Stock Exchange on March 7. . The tycoon known as "Big Shot" in Chinese commodity circles had built a giant short position in LME . Glencore PLC said Tuesday that it will return $4.0 billion to shareholders after reporting record 2021 earnings on the back of higher commodity prices. Thursday, March 17, 2022 - 12:53:07. Tsingshan Holding Group was looking at an $8 billion trading loss after nickel prices soared, The Wall Street Journal reported Tuesday . Lower oil prices pull down energy sector and TSX to start week Mining News Pro - The London Metal Exchange temporarily froze electronic trading in nickel after it restarted from a week-long suspension, as a glitch allowed prices to plunge past a new daily limit that was supposed to help restore order following last week's historic short squeeze. By now, the entire nickel industry was in crisis. JPMorgan Chase & Co., one of the largest players in global commodity markets, is reviewing its business with some commodity clients after the nickel short squeeze, Bloomberg reported earlier this . Some hedge funds were buying nickel contracts in a bet on the electric vehicle boom. The world's second-largest nickel producer has over 150,000 tons of nickel short positions, 30,000 of which are on the London exchange, Bloomberg reported on March 11. . Yu yang Eric Chen. One possibility is that holders of Russian metal stored in LME warehouses have chosen to relinquish their holdings, according to two nickel traders. The LME opened a review into trading activity, but took no further action. The price of nickel on the London Stock Exchange surged 76% in a single day to $50,905 per ton, a record high. Thursday, March 17, 2022 - 12:53:07. The longs: VW, Glencore, hedge funds. When nickel rose rapidly after Russia's invasion of Ukraine, Tsingshan struggled to pay its margin calls, setting the stage for a short squeeze. The tycoon known as "Big Shot" in Chinese commodity circles had built a giant short position in LME nickel in a bet that increasing supply from his company would drive down prices. Trading and mining giant Glencore was the dominant holder of nickel in recent months, according to people familiar with the matter. Glencore Plc -- one of few that is publicly listed -- is the largest trader and also a big miner. PROTECTING EVERYTHING THAT HAS EVER BEEN OF VALUE TO YOU . While the exact scale of Xiang's losses is unclear, Tsingshan's short position on the LME is in the region of 100,000 tons of nickel, people familiar with the matter said. Tsingshan Group is the partner of Huayou that develops the nickel project. There's nothing unusual or inappropriate about . LME shows the price at USD 33,050/tonne. Tsingshan's short position could have incurred mark-to-market losses of at least $US2 billion on Monday alone, people familiar with the matter said. What's more, while he held about. Get Live Data. . Tsingshan's short position could have incurred mark-to-market losses of at least US$2 billion on Monday alone, people familiar with the matter said. The LME suspended trading for a week and canceled billions of dollars worth of transactions earlier this month as it sought to rein in the runaway short-squeeze centered on China's Tsingshan Holding Group Co. Tsingshan struck a deal with its banks to avoid further margin calls, allowing the market to reopen last week, and said it would reduce . And once again, this short squeeze racked up billions in losses for those involved. Vitol Group is. Is a Stock Market Crash Around the Corner? Nickel's wild ride has created a physical trading environment of . What's more, while he held about 30,000 tons of his short position directly on the LME, that was less than a fifth of its total size of over . But should the market resume trading before Tsingshan closes its short positions, the brutal squeeze could be repeated, he added. Glencore owned more than half the nickel . Unlikely cast takes stage in nickel short squeeze 2022-04-03 - JACK FARCHY Furious investors and traders. SALES, RENTALS & LAYAWAYS. And Tsingshan has a history of aggressive trading. The company also raised City spirits by booking a $1.5 billion provision to cover payments it is hoped to resolve a series of scandals that have resulted in ongoing . But several market participants held sizeable long positions that contributed to the rally. . Nickel Spikes 60%: Here's Why That Matters And Who Will Be Hit. Mining.com: LME Risks More Short Squeezes . JPMorgan Chase & Co., one of the largest players in global commodity markets, is reviewing its business with some commodity clients after the nickel short squeeze, Bloomberg reported earlier this . Big Short Keeps Nickel Market on Edge One Month After Squeeze. Nickel prices doubled on Tuesday and briefly rose above a record $100,000 a tonne as banks and brokers rushed to close part of a huge position amassed by Xiang Guangda, the billionaire founder of. Nickel sulfate is a brilliantly colored crystalline substance used in electric-vehicle batteries. The Anglo-Swiss commodity mining and trading major declared a base distribution of $3.4 billion, or $0.26 a share, in respect of 2021 cash flows, and a $550 million share-buyback program. LME cancels nickel trading after price tops $100,000/tonne - MINING.COM . Are UK Banks Finally Putting the Customer First? Yet the short squeeze in nickel had been the talk of the . Guangda made a big, leveraged bet. Those moves sent nickel to a record high of more than $US100,000 ($136,000) a tonne on Tuesday before trading was suspended. When nickel rose rapidly after Russia's invasion of Ukraine, Tsingshan struggled to pay its margin calls, setting the stage for a short squeeze. Are UK Banks Finally Putting the Customer First? The London Metal Exchange has given a unit of China Construction Bank Corp. extra time to pay $$$$ in margin calls it . Despite clear signs of stress, the LME decided to re-open in the early hours of Tuesday. The banks: JPMorgan and the rest. francine: welcome back to the open. . It is believed that Tsingshan has accumulated large short positions in nickel derivatives markets to hedge against possible price . As of March 30, the nickel spot price was USD 15.44, up very significantly from USD 11.32 last month. A deep bench of brokers led by JPMorgan Chase gave Tsingshan the leverage it needed to make this bet, and trading firms like Glencore & Trafigura took the other side of Tsingshan's position. The LME convened its "special committee," a small group of metals and legal experts with the power to issue emergency rules for the market. It is rumored that the international mining giant Glencore is the largest bullish, but Glencore has responded many times to deny malicious long. The tycoon known as "Big Shot" in Chinese commodity circles had . The Nickel Short Squeeze: What Happened? Share Price: 516.80. Bid: 513.20. Mining News Pro - Silver Elephant Mining and Battery Metals Royalties have announced that they have entered into a binding letter of intent pursuant to which Battery proposes to acquire a 45% equity interest of Silver Elephant's wholly owned Mega Thermal Coal Corp. (formerly Asia Mining Inc.), which owns and operates the Ulaan Ovoo and Chandgana thermal coal mines in Mongolia through Mega . Glencore Plc, one of the few that is publicly listed, is the largest trader and also a big miner. The massive short squeeze in nickel has embroiled a unit of China Construction Bank and Tsingshan Holding Group, the world's largest producer of the metal. London's metal traders are still reeling from the historic squeeze in nickel a month ago, but they may not get much time to recover — inventories across the exchange's warehouses have dropped to perilously low levels, raising the threat of further spikes in everything from aluminum to zinc. Nickel soared past an unprecedented $100 000 a ton on the London Metal Exchange amid a huge short squeeze that's embroiled a major state-owned Chinese bank and encouraged rule changes from one . ai jp morgan reviews commodity exposure after the . this week's short squeeze is nonetheless likely to push . Nickel prices surge above $100,000 a tonne on a huge metal short-squeeze. But recent events have certainly injected a dose of volatility into the market. But the short-squeeze got worse overnight in London and prices climbed much higher. . It ranks tenth on our list of the top ten nickel stocks to purchase right now. A few weeks ago, the Chinese nickel short whale begged his bankers to replenish his account in order to maintain his massively underwater short position while the LME, in corrupt, colluding fashion suspended all . Mining and trading firm Glencore said in its latest annual results the margin calls it paid out increased 60% to almost US$6bn over the course of 2021, . Tycoon behind nickel's big short has power to fuel more drama Massive short positions held by Xiang's Tsingshan Holding Group Co., the world's largest nickel producer, have gone disastrously awry. It is believed that Tsingshan has accumulated large short positions in nickel derivatives markets to hedge against possible price . Video . By Wolf Richter for WOLF STREET. washington and brussels way more sanctions. Blackstone Inc. has nearly doubled its London headcount to 500 people during the pandemic, Bloomberg reported Monday. But several market participants held sizeable long positions that contributed to the rally. Tsingshan's nickel short position, normally used to hedge existing production, ballooned to reflect Guangda's view. Some market rumors are circulating that Glencore might squeeze Tsingshan on . When nickel rose rapidly after Russia's invasion of Ukraine, Tsingshan struggled to pay its margin calls, setting the stage for a short squeeze. 4. Trading and mining giant Glencore was the dominant holder of nickel in recent months, according to people familiar with the matter. Nickel inventory at the London . The LME suspended trading for a week and canceled billions of dollars worth of transactions earlier this month as it sought to rein in the runaway short-squeeze centered on China's Tsingshan Holding Group Co. Tsingshan struck a deal with its banks to avoid further margin calls, allowing the market to reopen last week, and said it would reduce . Some market rumors are circulating that Glencore might squeeze Tsingshan on LME Nickel for its 60% stake in a nickel mine in Indonesia. The company's overall position in LME nickel is . At present, it is not clear how risky Tsingshan's position is from the rising nickel prices. Tsingshan Group is the partner of Huayou that develops the nickel project. The company has assured creditor banks in China that its. Have you heard of the latest nickel short squeeze on the clown-show also known as the London Metal Exchange (LME)? There's nothing unusual or inappropriate about . Some market rumors are circulating that Glencore might squeeze Tsingshan on LME Nickel for its 60% stake in a nickel mine in Indonesia. In the run-up to the squeeze, the scale of Xiang's exposure was obscured by the fact that he spread his nickel short position across about 10 banks and brokers. Perhaps what's most surprising is that this nickel squeeze happened within a market that had, for the last few years, been comparatively sedate, with rangebound trading rarely breaking above the $20,000/metric tonne (mt) mark on the upside before 2022. When nickel rose. Offer helpful instructions and related details about Lme Lead Price Chart - make it easier for users to find business information than ever The price of nickel futures that had spiked by 73% on Monday at the London Metals Exchange in a short squeeze whose squeezed party hadn't been identified at the time spiked by another 100% on Tuesday intraday on the LME to over $100,000 per metric ton, when the LME halted trading at a price of $81,051. Tsingshan Group is the partner of Huayou that develops the . this week's short squeeze is nonetheless likely to push . The longs: VW, Glencore, hedge funds. we will have a conversation with the u.s. trade representative kathie t at this hour. We have been working closely with Glencore and the Bolivian government to ensure a smooth transition while the mines have generated sufficient cash flow to decrease the initial US$20 million upfront consideration down to US$12,011,148, which will be paid by Santacruz to Glencore within 30 days of closing and will be paid from working capital . Global demand for nickel is seen increasing by 8.4% in 2022 to 2.999 million tonnes, while supply is expected to climb by 11.4% to 2.931 million tonnes. While Xiang stands out as the big short, there's no single trader or investor on the other end that gets the credit (or blame) for driving prices higher. A massive squeeze pushed nickel prices up by as much as 250%, the most extraordinary surge in the 145-year history of the LME. #nickel #Tsingshan #LME . the u.s. treasury cuts russia off from making dollar debt payments to american banks. The flatness of its stock price over recent days, in my humble opinion, is an oversight by the market which cannot last for long. Tsingshan Group is the partner of Huayou that develops the nickel project. Find the latest Glencore plc (GLCNF) stock discussion in Yahoo Finance's forum. In 2019, it was on the other side of a short squeeze: it withdrew large amounts of nickel inventories from LME warehouses, causing prices to leap more than 50% in a few months. The company's overall position in LME nickel is short - it uses the exchange to protect against price risk on the . GLENCORE PLC 463.00 GBp-13.20-2.77% TSINGZ TSINGSHAN HOLDING GROUP Private Company A Chinese tycoon who built a massive short position in nickel futures is facing billions of dollars in mark-to-market losses after this week's unprecedented price spike, according to people familiar with the matter. In Chinese commodity circles had no further action or inappropriate about a bigger problem: Supplies of a material... 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