According to the industry, Qingshan Group, a China smelter, holds a large number of short nickel contracts on the London Futures Exchange, which has been targeted by Swiss mining giant Glencore. Last night, it was reported that Qingshan Group lost more than $8 billion. Qingshan Group, which has nearly 654.38 million employees, started from Wenzhou and has been in existence for more than ten years. It is likely to go back to before liberation. This will be the most serious harvest for China enterprises by foreign capital in the international financial market after the Cao incident in 2004 and the China Bank crude oil treasure incident in 2020. Qingshan Group initially occupied nearly half of LME nickel blank list by virtue of its nickel smelting capacity advantage in Indonesia. However, Qingshan's nickel in Indonesia does not meet the delivery standard of nickel. Russian nickel could have been bought for delivery, but it was kicked out of the delivery scope in the case of a dispute between Russia and Ukraine. That's why I was forced by the power. The price of nickel has skyrocketed in recent days. Today, the price of nickel exceeds 100000 USD/ton. Today, several WeChat group friends were shocked to see the skyrocketing nickel price, and constantly reported the latest price in the group. I hope Qingshan Group, a fortune 500 private enterprise in the world, can survive and not be bankrupted by Swiss enterprises. However, Glencore's forced position in Castle Peak also attracted the attention of LME of London Metal Exchange. After all, Qingshan Group was also warned by LME when it made Duolun Nickel in 2065438+2009. This time, we can't watch Qingshan go bankrupt. This time, the forced position of nickel is extremely bad. If LME does not take measures to maintain normal trade order, it will also seriously affect its reputation. LME has revised the rules last night, and the undeliverable positions can be postponed, greatly reducing the possible losses of Qingshan Group. After today's close, the London Metal Exchange announced the suspension of nickel trading.

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