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 which was commissioned in 2023. Another smelter is planned to start production in 2026.[6][7]
- Chrome ore mines in Zimbabwe
- Sales outlets in Foshan, Wenzhou, Shanghai and Wuxi[8]
In 2017 Tsingshan was reported to be the world's largest producer of ferro-nickel and the second-largest manufacturer of stainless steel.[9]
Tsingshan was ranked 279th in the Fortune Global 500 for 2021.[10] It was described in 2022 as the world's largest nickel producer.[11]
In early 2022, Tsingshan experienced financial difficulty after shorting the price of nickel, only to see it rise.[12][13][14] The firm took losses of about US$1 billion, and later disbanded its internal futures trading team.[15]
References
- ^ "Xiang Guangda". Forbes. Archived from the original on 2023-04-18. Retrieved 2022-07-27.
- ^ "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.
- ^ 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.
- ^ 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.
- ^ "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.
- ^ "PT Hua Chin Aluminum Indonesia" (in Indonesian). 27 August 2024. Retrieved 10 July 2025.
- ^ "Chinese tycoons are turning Indonesia into an aluminum giant". MINING.COM. 10 July 2025. Retrieved 20 January 2026.
- ^ 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.
- ^ https://www.strausscenter.org/wp-content/uploads/Alvin-Camba-Indonesia-Memo.pdf.
{{cite news}}: Missing or empty|title=(help) - ^ "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.
- ^ "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.
- ^ 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.
- ^ "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.
- ^ 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.
- ^ "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.