Chinese Nickel Tycoon Reaches Standstill Deal On Massive Margin Call

Source: https://www.zerohedge.com/markets/chinese-nickel-tycoon-reaches-standstill-deal-massive-margin-call
Published: Mar 14, 2022
Author: Tyler Durden
Post Date: 2022-03-14 13:56:52 by Horse
Views: 169

The question now is whether once the Nickel market resumes, if we get a GME-rerun where specs seek to slam the price of Nickel even higher to force Tsingshan to eventually crack and force the cartel to cover at even higher prices.


Poster Comment:

He is on the hook for $8 billion. If they resume trading, he could go for $10 billion. But that would JP Morgan's money. Or rather yours as Bidet would bail out Morgan.

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#1: DWornock    To: Horse (#0)

$10 billion doesn't matter. That is not even a half a day's national income.

DWornock posted on 2022-03-14 15:15:57   Reply   Private Reply