Tsingshan Holding Group Explained

Tsingshan Holdings Group
Type:Private
Industry:stainless steel, nickel
Founders:Xiang Guangda
Hq Location City:Wenzhou
Hq Location Country:China
Area Served:Worldwide
Key People:Xiang Guangda (CEO)
Num Employees:56,000
Num Employees Year:2018
Revenue:US$28 billion[1]
Revenue Year:2018
S:青山控股集团有限公司
T:青山控股集團有限公司
P:Qīngshān kònggǔ jítuán yǒuxiàn gōngsī
L:Green Mountain Holdings Group Company Limited

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

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]

Notes and References

  1. Web site: Xiang Guangda. Forbes. 2022-07-27. 2023-04-18. https://web.archive.org/web/20230418234712/https://www.forbes.com/profile/xiang-guangda/. live.
  2. Web site: Meet the nickel king of China, who froze a 145-year-old metals exchange. Fortune. 2022-07-27. 2022-07-27. https://web.archive.org/web/20220727134257/https://fortune.com/2022/03/11/xiang-guangda-nickel-china-london-metal-exchange-short-squeeze-freeze/. live.
  3. News: Chinese tycoon's 'big short' on nickel trips up Tsingshan's miracle growth. Praveen. Menon. Min. Zhang. Fransiska. Nangoy. Reuters. March 14, 2022. www.reuters.com. 2022-07-27. 2022-07-27. https://web.archive.org/web/20220727134258/https://www.reuters.com/world/china/chinese-tycoons-big-short-nickel-trips-up-tsingshans-miracle-growth-2022-03-13/. live.
  4. Book: 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. May 1, 2017. Beijing Book Co. Inc.. 9787520303897. Google Books. August 6, 2022. April 18, 2023. https://web.archive.org/web/20230418234629/https://books.google.com/books?id=SF1gEAAAQBAJ&q=%22Tsingshan%22&pg=PT164. live.
  5. News: 2023-02-18 . Nirwana posted videos of working in an Indonesian nickel mine nearly every day. They went viral after she died . en-AU . ABC News . 2023-03-05 . 2023-03-03 . https://web.archive.org/web/20230303020733/https://www.abc.net.au/news/2023-02-19/indonesian-nickel-smelter-workers-allege-unsafe-conditions-/101975708 . live .
  6. Book: Li, Xinchuang. The Road Map of China's Steel Industry: Reduction, Innovation and Transformation. July 3, 2020. Springer Nature. 9789811520747. Google Books. August 6, 2022. April 18, 2023. https://web.archive.org/web/20230418234631/https://books.google.com/books?id=r1nvDwAAQBAJ&dq=%22Tsingshan+Holding+Group%22&pg=PA480. live.
  7. Web site: Tsingshan Industrial has entered the world's top 500 for three consecutive years, rising to the 279th. 2 August 2021. Tsingshan Holding Group. 27 July 2022. 27 July 2022. https://web.archive.org/web/20220727134303/https://www.tssgroup.com.cn/en/tsingshan-industrial-has-entered-the-worlds-top-500-for-three-consecutive-years-rising-to-the-279th/. live.
  8. Web site: Chinese nickel giant Tsingshan said to have sufficient inventory for delivery. March 10, 2022. South China Morning Post. July 27, 2022. July 27, 2022. https://web.archive.org/web/20220727134257/https://www.scmp.com/business/china-business/article/3169921/chinese-nickel-giant-tsingshan-said-have-sufficient. live.
  9. Book: Global Financial Stability Report, April 2022: Shockwaves from the War in Ukraine Test the Financial System's Resilience. INTERNATIONAL MONETARY. FUND. International Monetary Fund Monetary and Capital Markets. Department. April 19, 2022. International Monetary Fund. 9798400205293. Google Books. August 6, 2022. April 18, 2023. https://web.archive.org/web/20230418234629/https://books.google.com/books?id=FjRuEAAAQBAJ&q=%22Tsingshan%22&pg=PA38. live.
  10. News: Beijing weighs nickel rescue deal for billionaire owner of Tsingshan. Financial Times. March 11, 2022. July 27, 2022. July 27, 2022. https://web.archive.org/web/20220727134257/https://www.ft.com/content/067ee28e-0375-48d3-a7c9-2d4330a9cc34. live.
  11. News: China's Tsingshan fires nickel rally as it cuts costly exposure-sources. Pratima. Desai. Reuters. March 8, 2022. www.reuters.com. 2022-07-27. 2022-07-27. https://web.archive.org/web/20220727134257/https://www.reuters.com/business/chinas-tsingshan-fires-nickel-rally-it-cuts-costly-exposure-sources-2022-03-08/. live.
  12. News: Nickel 'alchemist' Xiang Guangda aims to work his magic on batteries . 15 March 2023 . . 14 March 2023 . 15 March 2023 . https://web.archive.org/web/20230315000507/https://www.ft.com/content/a236b085-5dc5-4e88-a58b-e497c36fa48c . live .

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