"Dad, Mom, welcome to Xiangjiang, I miss you so much."

"My beloved Kumiko, mom misses you too."

At the new Xiangjiang International Airport, Xia Yu took his wife Sumitomo Kumiko to welcome the arrival of his father-in-law and his mother-in-law. Seeing his mother-in-law Risa Eura and his wife Sumitomo Kumiko embracing affectionately, Xia Yu smiled slightly, and then set his sights on his father-in-law Sumitomo Kosuke.

Different from emotional women, the greetings between two men are 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 boarded the convoy and drove to Xia Yu's home.

At home, I saw my granddaughter Xia Siqi, Sumitomo Kosuke and Eura Risa inevitably had another tease, and the house was full of laughter.

After the whole family enjoyed a sumptuous lunch at noon, Xia Yu and Sumitomo Kosuke Weng and his son-in-law went to the study on the second floor to chat and drink tea.

The topic, of course, is the capital war in Europe today.

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

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

Xia Yu's smile remained unchanged, and he asked with a smile, "Which target is it?"

"We want Rio Tinto to drop the BHP bid."

Sumitomo Kosuke said, looking at Xia Yu with burning eyes.

Previously, Xia Yu and Sumitomo Kosuke discussed several times through satellite telephones 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?"

The goal of Antofagasta Company has not moved. Xia Yu knows without guessing that this company is a Chilean copper giant headquartered in London. With the influence of the Sumitomo Foundation in the copper field, it will never give up on this company. coveted.

As for B&H Company, its current strength is similar to that of Rio Tinto Group, except that B&H Company’s main business is in iron, aluminum, copper and other ore fields, while Rio Tinto Group also has certain interests in ocean transportation and oil fields in addition to mineral resources. Strong strength, more comprehensive business.

Sumitomo Kosuke did not intend to deceive Xia Yu, he said frankly: "I think the acquisition of Antofagasta is enough to increase our influence in the world's copper field and increase the influence of BHP in the copper field." Power is not particularly necessary, it is better to give it to you, and our two companies will dominate the world copper resource market together."

"Another one, we need more reinforcements in energy extraction and transportation, so I hope to be able to acquire Rio Tinto Group."

After thinking for a moment, Xia Yu nodded, and agreed to Sumitomo Kosuke's request: "Yes, but I hope you can help me more later."

Sumitomo Kosuke nodded with a smile: "Of course, even if you don't say it, I will do my best to acquire more equity for you."

Xia Yu smiled, and added some tea to Sumitomo Kosuke: "Father-in-law, are you ready here? We will start tomorrow."

"Of course we are ready. This time, the world economy will be affected by us." Sumitomo Kosuke had a smile on his face. Thinking of the action that will start tomorrow, even if he has seen big winds and waves, he can't help but look forward to it.

After all, their actions this time have never happened before in history.

…

the next day.

An astonishing news came out of the global mining market. Roy Hill Iron Mine, Australia's fourth largest iron mine, announced a plan to increase production by 50% and reduce the selling price of iron ore by 20%.

Then it was like an appointment.

Teck Resources of Canada, Freeport-McMoRan of the United States, Sumitomo Metal Mining, Joan Lesser of Australia, Tobemark of Australia, Buchanan Boller Hall Coal Mine, Mount Gunson Mining, Gove A large number of well-known companies in the mining industry, such as Bauxite Company, Pibara Iron Ore Company, and Australian Northern Mining Company, have issued announcements on production increases and price cuts.

So many companies have strong influence in multiple segments of mineral resources.

The result of joint production increase and price reduction.

That is, the prices of copper futures, iron ore futures, coal futures, electrolytic aluminum futures and many other futures 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 of small and medium-sized countries are not developed, and the demand for industrial raw materials is not very large.

On the contrary, those economically developed countries reacted more to the news, with both joy and worry.

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

But for this kind of market behavior, the governments of various countries have nothing to do. It is impossible to prevent domestic industrial companies from purchasing low-priced mineral resources, right?

Of course the financial elites know that it is easy to think clearly about the stakes.

They immediately vote with their feet.

Quickly lowered the ratings of listed companies in the mining industry, raised the risk value of the market, and quickly arranged for the withdrawal of funds and sold 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 production increases and price cuts are definitely hurting others with their own base. Even if they gain the market~lightnovelpub.net~, the profit margin will never be high and cannot support a high market value.

And those mining companies that have not responded for the time being will fall into vicious competition if they follow up. Production costs will skyrocket and profits will plummet. The profit margins can be imagined.

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

Therefore, this market, which is destined to become a muddy quagmire, has to wait to be buried if it does not run away quickly.

Headquarters of Anglo American plc in London, UK.

Gavin Reilly, Harry Oppenheimer's son-in-law, who succeeded him as chairman of Anglo American in 1982, is chairing an emergency high-level meeting.

"Chairman, more than six old customers have called me to ask me whether the supply price of coal will drop in the future, and one customer almost signed an agreement, and they all chose to wait and see."

"Chairman, our iron ore business has also encountered the same problem..."

"Chairman, the copper mine business has also been greatly affected..."

"Chairman, within five minutes of the stock market opening today, 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 a lot of investors selling stocks, most of them are institutions. Do we need to repurchase shares to stabilize the company's stock price?"

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

"..."

All the executives quickly reported the work in their respective fields, and none of them was good news.

A swarm of bad news flooded into his head, and Gavin Raleigh felt a swarm of bees buzzing in his head, and he was extremely irritable, unable to keep calm no matter what.