Rebirth of the Strongest Tycoon

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

"My beloved Kumiko, mom misses you so much."

At the new Xiangjiang International Airport, Xia Yu took his wife Sumitomo Kumiko to welcome his father-in-law and mother-in-law. Looking at his mother-in-law Risa Ebura and his wife Sumitomo Kumiko embracing each other 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 they are son-in-law, 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 motorcade and drove to Xia Yu's home.

When I got home, I met my granddaughter Xia Siqi. Sumitomo Kosuke and Eurasa couldn't help teasing her again. The house was full of laughter.

After the whole family enjoyed a sumptuous lunch at noon, Xia Yu and Sumitomo Kosuke Ong-soo went to the study 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 can exchange a hunting target."

Sumitomo Kosuke did not beat around the bush and stated his purpose directly.

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

"We want Rio Tinto to give up on BHP."

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

Previously, Xia Yu and Sumitomo Kosuke had many discussions via satellite phone and decided to cooperate in the field of mineral resources. Xia Yu selected four targets, namely Anglo American, Rio Tinto, Billiton and De Beers.

The Sumitomo Consortium's targets are BHP and Antofagasta.

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

The target of Antofagasta Company has not changed. Xia Yu knew without guessing that this company is a Chilean copper giant headquartered in London. With the influence of the Sumitomo Foundation 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 Group. However, BHP's main business is in the fields of iron, aluminum, copper and other ores, while Rio Tinto Group, in addition to mineral resources, also has certain interests in ocean transportation and petroleum. Strength, more comprehensive business.

Sumitomo Kosuke did not want to deceive Xia Yu. He said calmly: "I think the acquisition of Antofagasta Company will be enough to increase our influence in the world's copper field and increase BHP's influence in the copper field. My power is not particularly necessary, so why not give it to you, and our two families will dominate the world’s copper resource market together.”

"Another one, we need to strengthen more in energy extraction and transportation, so I hope 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 smiled and nodded: "Of course, even if you don't tell me, I will go all out to acquire more equity for you."

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

"Of course we are ready. This time, the world economy will be affected by us." A smile appeared on Sumitomo Kosuke's 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 action has never happened before in history.

…

The next day.

There is shocking news in the global mining market. Mount Roy Iron Mine, Australia's fourth largest 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.

Teck Resources of Canada, Freeport-McMoRan of the United States, Sumitomo Metal Mining, Joan Lyshart of Australia, Tobemac of Australia, Buchanan Boller Hall Coal Mine, Mount Gunson Mining Company, Gough Bauxite Company, Pibara Iron Ore Company, Australian Northern Mining Company and many other well-known mining companies have issued announcements on production increases and price cuts.

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

The result of jointly increasing production and reducing prices.

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 for joy.

Because industrial raw materials can be purchased at low prices.

However, the industries in 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 strongly to this news, with both joy and worry.

The good news 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 huge competitive pressure.

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

Of course the financial elites know how to easily figure out the stakes.

They immediately voted with their feet.

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

While the world economy has not completely emerged from the quagmire, global consumption of industrial raw materials will never skyrocket.

Therefore, these mining companies that announce increases in production and price cuts are definitely hurting others at their own expense. Even if they win the market, their profit margins will never be high and they will not be able to support a high market value.

And those mining companies that have not responded temporarily 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, your original market share will be taken away by other competitors, your revenue will still fall, and your financial report will not look good.

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

Anglo American Headquarters, London, UK.

Harry Oppenheimer's son-in-law, 1 Oppenheimer, Gavin Reilly, who had taken over as chairman of Anglo American, was chairing an emergency high-level meeting.

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

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

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

"Chairman, within five minutes of the opening of the stock market today, our company's stock price fell by more than 5%. As of the latest data I know, the decline has reached 12.72%. There are many investors selling stocks, most of them institutions. Do we need to buy back shares to stabilize the company's stock price?"

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

"..."

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

A swarm of bad news flooded into his mind, and Jarvan Reilly felt like a swarm of bees were buzzing in his mind. He was extremely agitated and couldn't keep calm.