Tsingshan Holding controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2022
Nickel short-position crisis
A large nickel short position associated with Tsingshan faced severe losses during an extraordinary price increase in March 2022. The London Metal Exchange halted nickel trading and cancelled trades executed after a specified time. Reported losses were approximately US$1 billion, and the group reportedly disbanded its internal futures-trading team. The event led to litigation and continuing debate about exchange powers, market transparency, clearing risk and the use of derivatives by industrial groups.