Tsingshan Holding Group

The Tsingshan Holdings Group (Chinese: 青山控股, ching-shan) is a Chinese private company active in the stainless steel and nickel industry.

Xiang Guangda in 2017
Tsingshan Holdings Group
TypePrivate
Industrystainless steel, nickel
Founded1988 (1988)
FoundersXiang Guangda
Headquarters
Wenzhou
,
China
Area served
Worldwide
Key people
Xiang Guangda (CEO)
RevenueUS$28 billion[1] (2018)
Number of employees
56,000 (2018)
Websitetssgroup.com
Tsingshan Holding Group
Traditional Chinese青山控股集團有限公司
Simplified Chinese青山控股集团有限公司
Literal meaningGreen Mountain Holdings Group Company Limited

Tsingshan Holdings was founded in 1988 by Xiang Guangda in Wenzhou.[2] It moved into the Indonesian nickel industry in 2009.[3]

Among its assets are:

Tsingshan was ranked 279th in the Fortune Global 500 for 2021.[7] It has been described as the world's largest nickel producer.[8]

In early 2022, Tsingshan experienced financial difficulty after shorting the price of nickel, only to see it rise.[9][10][11] The firm took losses of about USD 1 billion, and later disbanded its internal futures trading team.[12]

References
  1. "Xiang Guangda". Forbes. Archived from the original on 2023-04-18. Retrieved 2022-07-27.
  2. "Meet the nickel king of China, who froze a 145-year-old metals exchange". Fortune. Archived from the original on 2022-07-27. Retrieved 2022-07-27.
  3. Menon, Praveen; Zhang, Min; Nangoy, Fransiska (March 14, 2022). "Chinese tycoon's 'big short' on nickel trips up Tsingshan's miracle growth". Reuters. Archived from the original on 2022-07-27. Retrieved 2022-07-27 – via www.reuters.com.
  4. 21世纪海上丝绸之路与全球海洋支点对接研究：中国福建、印度尼西亚调研报告 Study on "21st Century Maritime Silk Road" Docking with "Global Maritime Fulcrum"：Research Report about Fujian Province of China and Indonesia. Beijing Book Co. Inc. May 1, 2017. ISBN 9787520303897. Archived from the original on April 18, 2023. Retrieved August 6, 2022 – via Google Books.
  5. "Nirwana posted videos of working in an Indonesian nickel mine nearly every day. They went viral after she died". ABC News. 2023-02-18. Archived from the original on 2023-03-03. Retrieved 2023-03-05.
  6. Li, Xinchuang (July 3, 2020). The Road Map of China's Steel Industry: Reduction, Innovation and Transformation. Springer Nature. ISBN 9789811520747. Archived from the original on April 18, 2023. Retrieved August 6, 2022 – via Google Books.
  7. "Tsingshan Industrial has entered the world's top 500 for three consecutive years, rising to the 279th". Tsingshan Holding Group. 2 August 2021. Archived from the original on 27 July 2022. Retrieved 27 July 2022.
  8. "Chinese nickel giant Tsingshan said to have sufficient inventory for delivery". South China Morning Post. March 10, 2022. Archived from the original on July 27, 2022. Retrieved July 27, 2022.
  9. FUND, INTERNATIONAL MONETARY; Department, International Monetary Fund Monetary and Capital Markets (April 19, 2022). Global Financial Stability Report, April 2022: Shockwaves from the War in Ukraine Test the Financial System's Resilience. International Monetary Fund. ISBN 9798400205293. Archived from the original on April 18, 2023. Retrieved August 6, 2022 – via Google Books.
  10. "Beijing weighs nickel rescue deal for billionaire owner of Tsingshan". Financial Times. March 11, 2022. Archived from the original on July 27, 2022. Retrieved July 27, 2022.
  11. Desai, Pratima (March 8, 2022). "China's Tsingshan fires nickel rally as it cuts costly exposure-sources". Reuters. Archived from the original on 2022-07-27. Retrieved 2022-07-27 – via www.reuters.com.
  12. "Nickel 'alchemist' Xiang Guangda aims to work his magic on batteries". Financial Times. 14 March 2023. Archived from the original on 15 March 2023. Retrieved 15 March 2023.
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