The big Ni shorter is at it againIf the brokers don't want to deal with his LME shorts, maybe he should consider shorting S as a hedge instead. The way this stock moves, he might turn a profit from it even if nickel prices go up :)
>>>>(Bloomberg) -- The metals tycoon at the center of this year’s massive nickel squeeze has been seeking to add new short positions for the first time since the crisis, but is struggling to convince brokers to handle the trades. Xiang Guangda’s Tsingshan Holding Group Co. pared back its nickel short position over the summer to a relatively low level that has remained stable for months. Now, the world’s largest producer of nickel and stainless steel is talking to brokers about starting to increase its position on the London Metal Exchange as a hedge for its own nickel output, according to people familiar with the matter.
https://www.bnnbloomberg.ca/brokers-balk-as-nickel-tycoon-seeks-to-add-to-lme-short-position-1.1836477