OTCPK:KRCLF - Post by User
Post by
horace5on Mar 14, 2022 5:38am
119 Views
Post# 34510898
Looking for Way to Bail Out Tsingshan Holding Group
Looking for Way to Bail Out Tsingshan Holding Group March 13, 2022
Chinese tycoon’s “big short” on nickel trips up Tsingshan’s miracle growth
“Beijing could step in to rescue Tsingshan, a source familiar with the matter told Reuters. China could swap some of its high grade nickel reserves for low grade nickel pig iron (NPI) that Tsingshan produces to help it meet LME quality standards. China is estimated to hold around 100,000 tonnes of nickel in state stocks, two analysts said.”
https://sports.yahoo.com/chinese-tycoons-big-short-nickel-220110232.html