Due to the situation in Russia and Ukraine and the sanctions imposed by western governments, the Russian nickel purchased by Qingshan Company cannot be sold in LME.

Hedging means buying goods in the spot market and selling them in the futures market in reverse, so as to reduce the risk of price fluctuation. Qingshan sold 200,000 tons of nickel in LME because it bought 200,000 tons of Russian nickel.

The situation in China and Ukraine makes Russian enterprises face a financial war. Western governments and enterprises joined forces to stifle the enterprises that annexed China. Fortunately, Qingshan collected 200,000 tons of nickel through replacement, and Indonesia also increased production.