Tsingshan Holding Group
The Tsingshan Holdings Group 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. It moved into the Indonesian nickel industry in 2009.
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
- 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.
- Chrome ore mines in Zimbabwe
- Sales outlets in Foshan, Wenzhou, Shanghai and Wuxi
Tsingshan was ranked 279th in the Fortune Global 500 for 2021. It was described in 2022 as the world's largest nickel producer.
In early 2022, Tsingshan experienced financial difficulty after shorting the price of nickel, only to see it rise. The firm took losses of about US$1 billion, and later disbanded its internal futures trading team.