X iang Guangda is a self-made Chinese industrial tycoon who is the founder and chairman of the Tsingshan Holding Group, the world's largest producer of stainless steel and a major global player in the nickel industry. He started his career in the 1980s as a state-owned factory worker. In the early 1990s, he and a partner founded their own business making car and motorcycle windows. He later pivoted into the stainless steel industry, a move that would be the foundation of his massive industrial empire.
He has built Tsingshan into a dominant global force through a relentless focus on cost control and vertical integration. The company has invested billions of dollars to build massive, integrated production facilities in Indonesia, where it controls its own nickel mines, power plants, and stainless steel mills. This has made Tsingshan the world's lowest-cost producer. He gained global notoriety in 2022 when his massive short position on the London Metal Exchange was caught in a historic short squeeze that sent nickel prices soaring, temporarily costing him and his company billions of dollars before he was able to secure a deal with his creditors.
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Xiang Guangda is a Chinese businessman, the self-made billionaire Founder and Executive Chairman of Tsingshan Holding Group, a massive privately held conglomerate specializing in nickel, stainless steel manufacturing, and resource extraction. His career is rooted in industrial manufacturing, resource management, and entrepreneurial audacity.
Xiang's philosophical approach centers on scale, vertical integration (controlling the entire supply chain from nickel ore mining to stainless steel production), and long-term commitment to cost control. He founded Tsingshan in 1988, recognizing the immense, untapped domestic and international demand for affordable stainless steel.
Xiang Guangda's strategic genius was his commitment to radical vertical integration. He founded Tsingshan in 1988, successfully building it into a global force by pioneering the Rotary Kiln–Electric Furnace (RKEF) process for nickel pig iron (NPI), which significantly lowered the cost of stainless steel production. His structural contribution is immense: pioneering the modern, scale, vertically integrated stainless steel and nickel model globally, with massive resource investments in Indonesia.
His career faced a massive, public crisis during the 2022 LME Nickel crisis, where a large short position held by Tsingshan led to dramatic market volatility. He remains Executive Chairman, guiding the company's continuous expansion. His wealth is secured by the colossal, long-term, stable profitability of the global metals, resource, and industrial sectors.
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Founds Tsingshan Holding Group (Founding).
Tsingshan begins aggressively investing in Indonesian nickel resources (Resource Apex).
Tsingshan is central to the LME Nickel crisis (Market Crisis).
Continues as Founder and Executive Chairman, guiding the massive industrial giant (Executive Oversight).
Xiang Guangda's wealth is concentrated in his founding and controlling ownership of the private industrial giant, Tsingshan Holding Group, and his private investments.
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Xiang Guangda's social impact stems from Tsingshan Group's role as a massive industrial employer and provider of essential metals (nickel, stainless steel) for global construction, manufacturing, and battery production. His investments in Indonesia significantly drive regional industrial development. His personal philanthropy supports various community and educational initiatives.
His personal philanthropy supports various community and educational initiatives.
Xiang Guangda maintains the professional, pragmatic style of a Chinese industrial executive. His attire is consistently formal and high-quality, favoring tailored business suits. His aesthetic reflects serious authority and stability, typical of a leader in the global industrial sector.
Residing in Wenzhou, China, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to industrial scale, resource control, and strategic management.
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-0.14% | -$15.54M
+0.77% | +$16.52M
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