a quarter or so too early and nobody was anticipating what happened in Ukraine," said Angela Durrant, Wood Mackenzie's principal nickel analyst. "Markets were sensing that (Tsingshan) were going to make a move, but they probably made it too early. The bet backfired partly as Russia's invasion of Ukraine sent metals prices soaring, putting pressure on holders of big short positions, including Tsingshan. Last year, it triggered a price drop with surprise news that it would provide nickel matte to battery materials makers, potentially solving a key bottleneck for electric vehicles by boosting battery-grade supply in a cheaper way.īetting prices would fall, Tsingshan started building a short position last year. Tsingshan has figured in market swings before.
Tsingshan and China's state reserves administration did not respond to requests for comment. China is estimated to hold around 100,000 tonnes of nickel in state stocks, two analysts said. China could swap some of its high grade nickel reserves for low grade nickel pig iron (NPI) that Tsingshan produces to help it meet LME quality standards. Tsingshan has to either pay off the outstanding short positions, which could be as high as $8 billion, or prove it has sufficient deliverable nickel to repay in kind.īeijing could step in to rescue Tsingshan, a source familiar with the matter told Reuters. One of the world's top nickel producers faces massive losses on its short positions after prices soared over $100,000 per tonne last week and forced the London Metal Exchange to halt nickel trading. * The built-in snapshot feature allows you to capture photos of your favorite plants in various display settings.(Reuters) - Chinese tycoon Xiang Guangda has to find a way to bail his Tsingshan Holding Group out of a crisis after its bet on nickel prices backfired, fuelling more volatility in a metal essential for the electric vehicles industry.
* It’s a tycoon game: test your business skills and horticultural skills at the same time! * It’s a virtual pet: care for your plants in your own virtual greenhouse. * It's a simulation game: grow virtual plants in a persistent world. * It's a genetic puzzle: discover which combinations will create the 6 Magic Plants. * You can prune your plants to customize the look of your creations. * Gorgeous artwork with detailed, dynamically-generated plants. * There are dozens of different seeds to experiment with. * Inhabited by a wide variety of collectible insects to catch and display. * There are many approaches to solving the game, with over 500 different species of plants to discover.
#PLANT TYCOON YAHOO FULL#
This is the same best-selling Mac and Windows game, now in a universal app for iPad, iPhone and iPod touch, so you can take your greenhouse full of plants with you wherever you go! Sell some of your creations to fund your research, buy better supplies to use in your Nursery, and purchase ornaments to customize your virtual garden. Grow plants, organize and harvest seeds, monitor your plants' health, age and maturity, and protect your plants from dehydration and infestations. You start with limited cash, a handful of seeds, some soil and water. The object is to breed and cross breed plants until you find the 6 Magic Plants of Isola and solve the genetic puzzle. Plant Tycoon® is a gardening sim game where you nurture plants and experiment with increasingly rare and valuable species. Grow your garden and unlock the Magic Plants!
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