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Tag: Xiang Guangda

JPMorgan is biggest counterparty in Chinese tycoon’s nickel bet

JPMorgan is biggest counterparty in Chinese tycoon’s nickel bet JPMorgan is biggest counterparty in Chinese tycoon’s nickel bet

JPMorgan Chase & Co. is the Chinese tycoon’s biggest nickel trading counterparty caught in an unprecedented short squeeze, putting the bank at the center of one of the most dramatic moments in metals market history. Some 50,000 tons of the total nickel short position of XiangGuangda, of more than 150,000 tons, is maintained through an […]

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