Rebirth of the Strongest Tycoon - Vol 3 Chapter 1480

The latest website: “Dad, Mom, welcome to Xiangjiang, I miss you so much.”

“My favorite Kumiko, mom misses you so much.”

At the new Xiangjiang International Airport, Xia Yu took his wife Sumitomo Kumiko to welcome the arrival of his father-in-law. Looking at the embracing mother-in-law Jiangpu Risa and his wife Sumitomo Kumiko, Xia Yu smiled slightly, and then turned his attention to his father-in-law Sumitomo Yasuke.

Unlike a sensual woman, the greeting between two men is much more formal. Although it is a relationship between husband and wife, the distance is not particularly close.

“Father-in-law, welcome to Xiangjiang.”

“Haha, long time no see.”

…

After all, the airport is not home. After a brief greeting, the group got into the convoy and drove to Xia Yu’s home.

When I arrived at home, I saw my granddaughter Xia Siqi, Sumitomo Yasuke and Jiangpu Risa unavoidably teasing, laughter and laughter everywhere.

At noon, after a large family enjoyed a sumptuous lunch, Xia Yu and Sumitomo Kangsuke Weng-in-law went to the study room on the second floor to chat and drink tea.

The topic is naturally the capital war in Europe today.

“Xia Yu, I want to discuss something with you. I hope we exchange a hunting target.”

Sumitomo Yasuke did not go around the corner, and directly stated the purpose.

Xia Yu smiled unchanged, and asked with a smile, “Which goal is it?”

“We want Rio Tinto to abandon the acquisition of BHP.”

Sumitomo Yasuke said, looking at Xia Yu with scorching eyes.

Prior to this, Xia Yu and Sumitomo Yasuke discussed several times through satellite phones and decided to cooperate in the field of mineral resources. Among them, Xia Yu selected four targets, namely Anglo American, Rio Tinto, Billiton and De Beers.

The targets of the Sumitomo Consortium are BHP and Antofagasta.

Xia Yu frowned slightly and asked: “Father-in-law, why do you want to change the target?”

Antofagasta’s goal has not moved. Xia Yu doesn’t need to guess that this company is a Chilean copper giant headquartered in London. With the influence of the Sumitomo Consortium in the copper field, he will never give up on this company. Coveted.

As for BHP, its current strength is similar to that of Rio Tinto, except that BHP’s main business is in the field of iron, aluminum, copper and other ore, while Rio Tinto, in addition to the field of mineral resources, also has a certain degree in ocean transportation and petroleum. Strength, more comprehensive business.

Sumitomo Yasuke did not want to deceive Xia Yu, he said frankly: “I think the acquisition of Antofagasta is enough for our influence in the world copper field to soar and increase BHP’s influence in the copper field. Strength is not particularly necessary. It is better to give it to you, and our two families will dominate the world copper resource market together.”

“One more thing, we need more reinforcement in energy extraction and transportation, so I hope to be able to acquire Rio Tinto Group.”

After thinking about it for a moment, Xia Yu nodded and agreed to Sumitomo Yasuke’s request: “Yes, but I hope you can help me more later.”

Sumitomo Yasuke smiled and nodded: “Of course, even if you don’t say anything, I will go all out to acquire more equity for you.”

Xia Yu smiled and added some tea to Sumitomo Kangsuke: “Father-in-law, are you ready here? You will start tomorrow.”

“Of course I’m ready. This time, the world economy will be affected by us.” Sumitomo Yasuke has a smile on his face, thinking of the action to be launched tomorrow, even if he has seen the big wind and waves, he can’t help but look forward to it.

After all, their action has never appeared in history.

…

The next day.

An amazing news came out of the global mining market. Australia’s fourth-largest iron mine, Roy Mountain Iron Mine, announced a plan to increase production by 50% and reduce the selling price of iron sand by 20%.

Then it seemed like an appointment was made.

Tektronix Resources Canada, Freeport McMorland Group, Sumitomo Metal Mining Company, Australia Joan Leishart Company, Australian Tobemark Company, Buchanan Bolle Hall Coal Company, Mont Gunson Mining Company, Gove A large number of well-known mining companies, such as Bauxite Company, Pibara Iron Ore Company, and Northern Mining Company of Australia, have issued announcements to increase production and reduce prices.

So many companies have strong influence in multiple sub-fields of mineral resources.

The result of a joint increase in production and a reduction in prices.

It was copper futures, iron ore futures, coal futures, electrolytic aluminum futures and many other futures prices plummeted.

I don’t know how many small and medium-sized countries cheered.

Because industrial raw materials can be bought at low prices.

However, the industries in small and medium-sized countries are not well developed, and the demand for industrial raw materials is not very large.

On the contrary, those economically developed countries reacted more strongly to this news, with joys and worries.

The joy is that a large amount of industrial raw materials can be imported at low prices, but the worry is that domestic mining companies will face tremendous competitive pressure.

But for this kind of market behavior, governments of various countries have no choice. It is impossible to prevent domestic industrial companies from purchasing low-priced mineral resources, right?

Of course, financial elites know what is at stake in such an easy way to figure out what is at stake.

They immediately voted with their feet.

Quickly downgrade the ratings of listed companies in the mining sector, increase the risk value of the market, and quickly arrange the withdrawal of funds to sell the stocks of many mining companies.

Before the world economy is completely out of the quagmire, the consumption of global industrial raw materials will never skyrocket.

Therefore, these mining companies that announced increases in production and price cuts are definitely hurting people at their own expense. Even if they gain access to the market, their profit margins will never be high, and they cannot support a high market value.

Those mining companies that have not responded temporarily will fall into vicious competition if they follow up. Production costs have skyrocketed and profits have plummeted. The profit margins can be imagined.

And if you don’t follow up, then the original market share will be robbed by other competitors, revenue will fall, and the financial report will not look good.

Therefore, this market that is destined to become a quagmire will have to wait to be buried if you don’t run quickly.

Anglo American Headquarters, London, UK.

Harry Oppenheimer’s son-in-law, who took over as Harry Oppenheimer in 1982 and took over as chairman of Anglo American Resources, Garvin Raleigh, is presiding over an emergency high-level meeting.

“Chairman, more than six old customers have called me and asked me whether the price of coal supply will drop in the future, and another customer almost signed an agreement ~www.mtlnovel.com~ and chose to wait and see for now.”

“Chairman, our iron ore business has encountered the same problem…”

“Chairman, the copper mining business has also been greatly affected…”

“Chairman, today’s stock market opened five minutes, our company’s stock price fell by more than 5%. As of the latest data I know, the drop has reached 12.72%. There are particularly many investors who sell stocks, most of which are institutions. Do we need to repurchase the stock to stabilize the company’s stock price?”

“Chairman, before the meeting, I received a call from the vice president of UniCredit. The loan review we are negotiating will take some time…”

“…”

Each executive quickly reported on the work in their respective fields, and none of them was good news.

A swarm of bad news flooded into his mind, and Jarvin Reilly felt a swarm of bees buzzing in his mind, and he was extremely irritable and couldn’t keep calm.