MaterialsNickel squeeze shines spotlight on China metals group Tsingshan
Billionaire co-founder and wife got start producing car doors and windows
Chinese metals giant Tsingshan's bet that nickel prices would fall backfired, reportedly leaving it facing billions of dollars in losses. © Getty Images
KENJI KAWASE, Nikkei Asia chief business news correspondent
HONG KONG -- A record surge in nickel prices this week has shone a spotlight on little-known Chinese metals group Tsingshan Holdings and its co-founder Xiang Guangda as the company scrambled to cover a short position that reportedly threatened to leave it facing billions of dollars in losses.