As Zhao Ye listened to the project manager's introduction, he couldn't help but secretly marvel.
That's freaking fast construction!
Just as Zhao Ye was feeling pleased, his secretary, Liu Yinyin, walked over with a frown on her face.
"Chairman Zhao, I just received news that iron ore prices in Australia have increased by 15%!"
Upon hearing this, Zhao Ye's face immediately darkened. If he weren't concerned about his image, he would have burst into a tirade.
A 15% increase in iron ore prices will mean a significant increase in the construction cost of high-speed rail.
Moreover, the rise in iron ore prices has also affected other sectors, including real estate, manufacturing, and finance, among others.
Back at the company, Zhao Ye finally couldn't hold back and started cursing.
"Damn it, these Australian mining companies are real bastards, they actually took the opportunity to raise prices by 15%!"
A price increase of 1% to 3% is barely acceptable.
But a 15% price increase would have a huge impact, and China would find it completely unacceptable.
Liu Yinyin said in a deep voice, "Chairman Zhao, the fact that they raised the price so high all at once should leave us room to negotiate. However, they have a big appetite, at least 7% or more! Our country should be sending people to negotiate with Australia soon, strongly demanding that the price of iron ore be reduced."
Zhao Ye shook his head and said, "I'm not optimistic about the outcome of the official negotiations!"
In his previous life, Zhao Ye had already seen through Australia's true colors.
Even if the price of iron ore can be negotiated down, it will still be much higher than before.
Zhao Ye, still seething with anger, coldly said, "I won't let them succeed. They'll be taught a lesson!!!"
"What the country finds difficult, I, Zhao Ye, can do easily!"
"They like raising prices, don't they? Very well, let's see who loses more in the end! Liu Yinyin, go and contact Galaxy Mining Group right away, and have the senior management come to my place for a meeting at 3 pm. Oh, by the way, have someone investigate what products Australia mainly exports to my country; I need detailed data!"
"Okay, Chairman Zhao, I'll get right away!" Liu Yinyin replied.
...
Three o'clock in the afternoon.
Ten senior executives from Galaxy Mining Group arrived at Zhao Ye's office.
Everyone knew why Zhao Ye had called them to the meeting.
CEO Fei Chengyi is ready.
"Mr. Fei, with the rise in Australian iron ore prices, what's the current iron ore production situation at Galaxy Mining Group? Can you drive down the price of iron ore?"
Fei Chengyi shook his head and said, "Chairman Zhao, Galaxy Mining Group's main industries are concentrated in Africa. Although Africa is rich in mineral resources, as you know, Africa's infrastructure and transportation are very poor, making mineral transportation difficult. Therefore, to date, Galaxy Mining Group's total iron ore production is only 30 million tons, less than one-seventh of that of Australia's BHP Billiton."
Besides BHP Billiton, Australia has many other mining companies.
Galaxy Mining Group's iron ore production is unlikely to affect the other party.
Upon hearing this, Zhao Ye's expression immediately turned sour.
Seeing this, Fei Chengyi hurriedly added, "Chairman Zhao, although our Yinhe Mining Group's iron ore production is low, its potential is huge. We've already obtained development rights for many mines from the local governments, but due to various reasons such as inconvenient transportation, political instability, and war, these mines haven't been developed. If these mines could be developed, I guarantee that our iron ore production could increase to at least 200 million tons per year!!!"
Upon hearing this, Zhao Ye frowned. Developing the African mines was far more difficult than Fei Chengyi had described, but that still wouldn't stop him from developing them!
Zhao Ye's eyes were resolute as he made his decision: "No matter how difficult the mine development is, we must develop it. Those Australian idiots, let them get lost! China will never need to import iron ore from them again!!!"
(End of this chapter)
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