Chapter 664 A Plan to Turn the Tide
Qi Minglin could only say that she was used to being poor and hadn't quite adjusted her mindset yet, and she chuckled sheepishly to herself.
“It’s not just about buying, shouldn’t we… sell?” Chen Feng stroked his chin and smiled.
Rare earth elements are currently priced at more than 300 times their normal price. Imagine how much money you could make if you sold them!
Moreover, even if 30 million tons of the 40 million tons of rare earth were sold, there would be no problem. The current concern is not how much to keep, but how much the international market can absorb.
"We need to study this carefully. The United States isn't stupid. If we suddenly start selling rare earth elements, they'll definitely be on alert."
"How about we use Zhang Richeng as a lead and give them false information?" Zhang Ce immediately came up with a plan.
"How so?" Li Guanghao asked.
"I'll send a message to the United States in a bit, saying that China has found about one million tons of rare earth elements."
"These rare earth elements are not enough for China's needs, so we still need to import rare earth elements from abroad."
"But rare earth prices were too high, so China decided to sell rare earths to pretend it had a lot of them and drive down the price."
"Then we'll wait for prices to drop before quietly importing more. That's the only way to ensure long-term development."
“Once the United States believes this news, it will definitely hold out for the highest price and join forces with other countries to buy our rare earths.”
"At that time, we can sell a fixed amount of rare earth every day. As for how much money we can make, that depends on when the United States can react."
It has to be said that old people are shrewd and old horses are cunning. Zhang Ce came up with a brilliant idea in such a short time.
"Holy crap, this is amazing! Selling rare earths at 340 times the price, how much money are we going to make? We're going to be rolling in it!" Qi Minglin almost drooled just thinking about it.
“Turning their own methods against them, this is called turning the tables on them. Eagle Nation, are you ready to take this move?” Zhang Ce chuckled and went out to report the plan to his colleagues.
Half an hour later, Zhang Ce returned and nodded when he saw everyone looking at him.
"The higher-ups have already agreed and will do their best to cooperate with us."
“If we’re going to put on a show, let’s go all out. We’ll hold an international press conference in a few days,” Zhang Ce grinned.
"That's fantastic! Just thinking about it is so exciting!" Li Guanghao exclaimed.
Half an hour later, in the United Kingdom, far across the ocean, William, dressed in his pajamas, was sitting in a chair when he suddenly received a message.
It was sent by Zhang Richeng, whom he had been waiting for for a long time.
"China has proven reserves of rare earth minerals totaling around one million tons, which is not enough for China's needs."
"They have decided to start selling rare earths abroad through a bluffing tactic, attempting to suppress rare earth prices and undermine international confidence."
"Wait for prices to drop before making a large-scale acquisition. Remember not to be fooled."
Upon seeing this message, William immediately sat up, his eyes filled with surprise and delight.
He smoothed it out slightly and immediately revealed a smug smile.
"What a clever plan you've come up with, China! But it's a pity, I've already seen through it."
"Trying to lower rare earth prices through dumping is quite a clever scheme, but unfortunately, I already know about your plan."
"You only have a million tons of rare earth, let's see how long you can sell it, hahaha."
"Once you've sold them all, let's see what you do. Forget 340 times the return, I'll make you give me back everything, including your principal and interest!"
The next morning, William went straight to the White House and held a meeting with people from other countries, as well as the four major domestic mining companies.
According to relevant intelligence, China has discovered approximately one million tons of rare earth minerals.
Upon hearing this, the white men were immediately annoyed.
"Oh my god, how could this happen?"
"A million tons, although not enough for China, can last for a while. What should we do? Should we continue to raise the price?"
"Damn China, they actually found rare earth mines, how infuriating."
William looked at everyone's expressions and couldn't help but smile slightly.
"Don't worry, everyone. China isn't as smart as you think. They won't keep these rare earth mines for their own use; instead, they'll sell them off."
"They want to cause rare earth prices to collapse through dumping, and then buy them in large quantities."
"What we need to do is hold up the prices; however much China sells, we'll buy it all."
"Once we consume this million tons of rare earth ore, that will truly be the time for us to make money. Everyone, think about it carefully."
After William finished speaking, everyone paused for a moment, and gradually they understood China's plan.
"Damn Chinese, if it weren't for our intelligence, we would have really been fooled by him."
A white man said menacingly.
This move is indeed very clever, especially the combination of deception and reality. If you don't know China's trump card, you wouldn't dare to gamble on how many tons of rare earth minerals they have found.
When China dumps its rare earth reserves, a collapse in rare earth prices is inevitable.
But now it's alright. They already know China's trump card, so no matter how much you jump around, it's useless.
"Alright, it's settled then. This time, we're determined to crush China!"
The white people were full of confidence, after all, they represented the entire hemisphere.
If the combined strength of all the countries in the hemisphere couldn't defeat China, wouldn't that be a joke?
Especially after William finished explaining the plan, they were even more impatient, because the time to reap the benefits from China was just around the corner, and they had been waiting for this day for far too long.
As time passed, all parties were secretly observing.
Sure enough, a few days later, China held an international press conference.
The spokesperson stated on stage that China has discovered a large rare earth mine for the first time. The exact quantity is still unknown, but it is enough for China to be self-sufficient, and there is even room for surplus.
This news caused a huge uproar internationally. However, when the White House saw the news, they all looked at China with sarcastic smiles, as if they were looking at a clown.
"Sure enough, Zhang Richeng's message was true; they actually held a press conference," William laughed.
"These are the foolish Chinese people, trying to deceive us in this way. They're dreaming."
"I guess they don't know yet, but we already knew about their plans."
Another white man in a suit said with a mocking look in his eyes.
Another day later, China began selling rare earth minerals to foreign countries.
The daily sales volume is neither too much nor too little, but it is rationed; only 50,000 tons are sold per day.
Just when everyone thought that the price of rare earth elements would definitely fall as China began selling them,
International rare earth prices remained surprisingly firm, and the 50,000 tons of rare earth sold by Huaxia were sold out instantly.
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