Tsingshan said it has got sufficient inventory for delivery, Chinese regulator asks banks to report overseas exposure amid concerns over Tsingshan
Tsingshan said it has got sufficient inventory for delivery, Chinese regulator asks banks to report overseas exposure amid concerns over Tsingshan

Tsingshan said it has got sufficient inventory for delivery, Chinese regulator asks banks to report overseas exposure amid concerns over Tsingshan

 

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Tsingshan Holding Group, the world’s largest nickel producer, has said that it has gathered sufficient nickel inventory for delivery to tackle a historic short squeeze.

The company has swapped its nickel matte for domestic nickel plate, which will let it close its short position against the metal, reported the state-run newspaper Securities Daily on Thursday citing a comment by Tsingshan.

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