A Chinese metal giant is scrambling to manage massive losses from shorting nickel futures after the metal went on an unprecedented rally.
Caixin
Chinese metal giant faces heavy losses on wild nickel ride
Company bet on decline in prices but market has surged
The price of nickel soared as much as 250% in two days to briefly trade above $100,000 a ton early on March 8. © Reuters
Read Next
Latest on Caixin
