An unprecedented rise in the price of nickel left one industry titan facing an $8 billion loss and led the LME to suspend trading in the metal
HONG KONG—Chinese nickel titan Tsingshan Holding Group faces billions of dollars in trading losses, people familiar with the company said, after
set off an unprecedented rise in the price of a key metal used in stainless steel and electric-vehicle batteries.led the London Metal Exchange to suspend trading in the metal on Tuesday, one of the people said. Late Tuesday, the exchange said it anticipates trading won’t resume before Friday.
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