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Tsingshan Holding Group
Chinese metals company From Wikipedia, the free encyclopedia
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The Tsingshan Holdings Group (Chinese: 青山控股, ching-shan) is a Chinese private company active in the metallurgical industry, namely stainless steel, nickel, and aluminium.
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:
- Bases for nickel-chromium alloy smelting, stainless steel smelting and steel rolling in Lishui, Fuyang, Yangjiang and Qingyuan
- A share in the Morowali Industrial Park - a nickel processing facility with at least 20 smelters in Morowali Regency, Sulawesi, part of the Belt and Road Initiative[4][5] The company also has a joint venture with another Chinese group, Huafon, for an aluminium smelter there.[6]
- Chrome ore mines in Zimbabwe
- Sales outlets in Foshan, Wenzhou, Shanghai and Wuxi[7]
In 2017 Tsingshan was reported to be the world’s largest producer of ferro-nickel and the second-largest manufacturer of stainless steel.[8]
Tsingshan was ranked 279th in the Fortune Global 500 for 2021.[9] It was described in 2022 as the world's largest nickel producer.[10]
In early 2022, Tsingshan experienced financial difficulty after shorting the price of nickel, only to see it rise.[11][12][13] The firm took losses of about USD 1 billion, and later disbanded its internal futures trading team.[14]
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