"Sold out, sold out! Rare earth prices are still so high, haha." Zhang Ce was overjoyed when he heard the news and sat down with Chen Feng and the others to talk about it.
"How much did you get for these 50,000 tons of rare earth?" Li Chunlai asked, craning his neck.
"Probably around 100 billion RMB," Zhang Ce chuckled, lighting a cigarette as he spoke.
"Holy crap, a hundred billion? That's outrageous!" Li Chunlai was dumbfounded when he heard the number. He felt that the money was no longer money, but just a number.
"If it weren't for foreign companies driving up rare earth prices, they wouldn't be this high."
"How much money we can make depends on how much they can eat."
"Anyway, in a few days we'll have made back all the money we spent on rare earths, and after that it'll all be pure profit," Zhang Ce said comfortably, taking a deep drag on his cigarette.
"Of this 100 billion... do I own 5%?" Chen Feng stroked his chin and couldn't help but ask.
Upon hearing this question, Zhang Ce coughed.
"Logically, yes, but after all, you only own the rare earth rights. The actual operation and sales are still the result of our efforts."
“So… I’ll give you 2.5% of it, half for each of us, as a service fee, is that okay?” Zhang Ce suggested.
"Okay, that's fine too. I'm not greedy, a little is fine." Chen Feng agreed quite quickly, two and a half points it is, as long as he gets it.
Hearing Chen Feng's words, Zhang Ce couldn't help but purse his lips, thinking, "I'm not greedy."
What is 2.5 times 100 billion? That's 2.5 billion!
Dude, you can't make 2.5 billion in a single day! You couldn't make that fast even if you printed money.
On the other hand, the bald eagle took over the mine, with the various shareholders contributing their money. Although they also felt a bit of a headache, they didn't care when they thought about how much more they would earn in the future.
Moreover, the money being paid now is all money previously earned from China, so it's not a big deal at all.
“Fifty thousand tons a day, they can only sell for twenty days at most. I wonder what they’ll sell after that,” William said with a laugh, counting down the days.
“I reckon the Chinese will realize their scheme failed and stop selling it after less than twenty days. Then they’ll have to come back and buy it obediently, haha,” a white man said, popping a piece of gum into his mouth.
He's right. If China sells only half of its rare earths and finds that the price of rare earths hasn't dropped, then they'll be in a dilemma.
In the end, it will be China that will be in trouble, while they can just sit back and collect their money.
Unfortunately, they had no idea about China's true rare earth reserves; otherwise, they would probably have stopped buying immediately, or even wanted to chop off their own hands that were used to buy rare earths.
As time went by, China had been selling rare earth elements for seven consecutive days, and the bald eagle had consumed them all.
While those within the White House were aware of the situation, some were still beginning to worry.
Seven hundred billion is no small sum; even if it were shared, they would all feel the pinch.
Before, they were spending their own earnings, so they didn't feel the pinch. But now that they're spending their own hard-earned money, they're starting to feel the pain.
"William, should we contact your intelligence officer again to confirm China's rare earth reserves? One million tons, right?" someone couldn't help but ask.
“I’ve already left him a message, but I haven’t received a reply yet. Besides, how could a spy possibly have the opportunity to reply every day?”
“The last time he sent me two messages, with almost a month in between.”
"China isn't stupid either; they're probably monitoring them closely right now."
“He will definitely contact me whenever he has the chance,” William said, leaning back in his chair, his brow slightly furrowed.
He wanted to receive news from Zhang Richeng more than anyone else, but he also understood that spies couldn't be contacted anytime, anywhere, so he could only wait patiently for now.
“Okay, shall we continue with the acquisitions?” someone asked.
"Of course we'll take them, everyone. Don't worry. I estimate that in a few days, China won't be able to hold on any longer, and then they'll be the ones who are worried," another white man laughed.
Everyone nodded in agreement and continued with the plan.
Three days later, in the White House that evening, the atmosphere inside William and his team was noticeably tense.
"This is already the tenth day. Will China continue to sell rare earth tomorrow?" someone asked, their eyes filled with worry.
"Logically, China should have stopped by now, so why is this happening?" the white man chewing gum said with equal concern.
“We’ve already spent nearly $150 billion on rare earths, which is no small amount. If we keep buying, we’re starting to run out of steam,” someone said, glancing around at the people around them and taking a deep breath.
“Don’t back down. Now is the time for us to compete with China. I want to see how many more days he can keep selling!” William snorted and spoke coldly.
And so, they gritted their teeth and accepted the money for another five days. The atmosphere inside the White House was no longer cheerful; everyone was now frowning. Even the four strongest mining companies were having a headache.
"It's been fifteen days. Logically speaking, China shouldn't be selling anymore. Why is this happening? What are these damned Chinese doing?" Someone couldn't help but slam their fist on the table and said angrily.
"They're courting death. If they keep selling like this, China won't have a single rare earth element left. What will they do then?" a white man said, quite puzzled.
"They're going all in, burning their boats. That's an ancient Chinese saying, meaning to go all out."
“We’ve already bought everything we need, so we only have a few more days to go. We have to hold on!” William said through gritted teeth.
Although everyone was angry, they also thought the same way. They had come this far, and it wasn't something they could just give up on. They had to consider the sunk costs.
And so it went until the twentieth day, when China had sold a full million tons of rare earth, which was not even a fraction of what China had sold.
However, this small amount of rare earth has brought China a full two trillion yuan in revenue!
This immediately made China a fortune, and all the bigwigs were all smiles.
The problem is that this money came too easily; it's practically free.
"These white guys are really something else. I thought they'd lower the price a few days ago, but they've held out until now, hahaha." Zhang Ce laughed uncontrollably, feeling incredibly relaxed and happy.
This feels so amazing!
"It seems Zhang Richeng is really trustworthy to them; they haven't doubted at all that the information might be false," Qi Minglin chuckled.
"I don't know if this is a good thing or a bad thing, but for us right now, it's definitely a good thing. Keep buying, keep buying, let's see how long they can keep buying."
"Trying to short China? You're dreaming." Zhang Ce snorted.
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