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08 Mar
13:27

Tsingshan faces LME nickel shock

An unprecedented surge in nickel prices on the London Metal Exchange (LME) could send China's nickel and stainless steel giant Tsingshan Group into trouble, even as the LME halted nickel market trading on Tuesday. The Chinese company did not directly respond directly to market rumors. Late on Tuesday, Xiang Guangda, chairman of the Tsingshan Group, replied to Chinese media Yicai News, saying, "there are indeed some actions of overseas companies, but …
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