Chinese Nickel Giant Tsingshan Secures Bank Lifelines

The video discusses the recent turmoil in the nickel market, focusing on a short squeeze involving Sheng Guang Dong, a major nickel producer. His position on the LME led to significant financial losses, prompting late-night negotiations with banks like JP Morgan and China Construction Bank to secure loans. Despite the challenges, Sheng remains confident due to his production capacity in Indonesia and China. The video also covers market reactions, including halted trading on the LME and fluctuating futures in Shanghai, and anticipates future trading developments.

What is the expected date for the resumption of nickel trading on the LME?

What was the percentage increase in nickel prices at their peak on the LME?