The unusual price movements of tungsten futures on the London Stock Exchange over the past few days have attracted attention from all sides. With a constant stream of news in the market, some people have begun to increase their positions, and the price has risen by 50% in just a few days.
Tungsten prices on the New York Stock Exchange are also rising, attracting a large number of funds on Wall Street, including Soros' Quantum Fund and Robertson's Tiger Fund.
While manipulating tungsten futures on the New York Stock Exchange, the two also ventured into the London Stock Exchange.
The office was bustling with activity. Soros flipped through the latest documents in his hand, secretly plotting how to rip off the Schroders Group.
According to current information, all tungsten mines in South Africa are controlled by a man named Lu Feng. As long as the mines continue to shut down, prices will skyrocket.
Although the price has risen by 50%, this increase is not enough for large funds to escape safely. If Schroeder wants to invest enough money to take over the shares, he must give an unavoidable reason.
The phone on the table rang, and Soros picked it up and asked, "Who is it?"
"It's me, Lambert. I have to remind you that the tungsten mine shutdown in South Africa was just a retaliatory measure by Lu Feng. He can restart the mine at any time. Don't get involved lightly, or you'll lose everything." Lambert analyzed the tungsten mine for him, including the global distribution of tungsten production, the production and demand of tungsten alloys, and the reserves of various countries.
"I've decided to go to the London Stock Exchange. Don't worry, once the price skyrockets, whether the tungsten mine resumes production won't be up to him anymore," Soros said confidently. "Robertson and I are very confident about this deal."
Lambert tried to persuade him for a long time, but it was no use. At this point, it didn't matter whether Lu Feng started the trouble because of his own reasons or because he had the Schroder Group behind him. What mattered was that they just wanted to fight!
"Since you've already made your decision, I won't say anything more," Robert said helplessly.
"By the way, could you give me Lu Feng's contact information?" Soros asked.
After obtaining Lu Feng's contact number, Soros hung up the phone and picked up the internal phone next to him, calling the trader directly.
"London Stock Exchange, tungsten concentrate, purchase of ten million US dollars, no leverage!"
At the same time, Tiger Global also bought tens of millions of US dollars worth of tungsten ore futures on the same day, which caused the price of tungsten ore to rise by 7% that day, attracting reports from major financial media outlets.
In the morning, the finance manager called Lu Feng and said that Lu Feng's account had made a profit of 50 million US dollars, and asked him if he wanted to sell.
Lu Feng didn't sell; instead, he wondered what those people on Wall Street were doing. Shouldn't they be calling him to discuss this? If there were problems with the tungsten alloy, the impact would be enormous, and the cost of high-end manufacturing would skyrocket.
However, there has been no news at all so far.
Lu Feng couldn't possibly come up with a scenario where two groups were fighting each other, no matter how hard he tried.
It was already late February, and the domestic mobile phone market was extremely competitive. Motorola and Nokia launched various promotions one after another, but they still couldn't do anything about Jiaxun's low prices. During this period, Elmi even made two phone calls to Lu Feng, hoping that the two sides could strengthen their cooperation and persuade Lu Feng to raise prices.
Inside the meeting room, Du Guoying reported on the sales situation over the past month. Based on the current situation, selling 3,000 mobile phones a month should not be a problem. However, the losses are indeed significant, with a loss of more than 1,000 yuan for each mobile phone sold.
"We can handle this loss. Losing tens of millions a year is nothing." Lu Feng flipped through the reports and asked Zhu Lidong, "How's it going in Huaqiangbei?"
“The problem still stems from the low price of the parts. Recently, a group of people in Huaqiangbei have been assembling our phones and then selling them to the north.” Zhu Lidong sighed and said, “A few days ago, we joined forces with the Shenzhen police to crack down on a secondhand dealer who claimed to know you. His name is Cui Ning.”
Lu Feng paused for a moment upon hearing the name, then shook his head and said, "I don't know it!"
"Looks like it was just a bluff," Zhu Lidong muttered to himself.
"How many years will he be sentenced to?" Lu Feng asked.
"I heard this time the charges are serious because he resold unusable phones, which involves fraud. Plus, he doesn't have any qualifications. He'll be out of jail in at least ten years. By the way, he's hoarded a lot of our phones and just won't hand them over. I guess he's planning to resell them after he gets out," Zhu Lidong muttered.
"It was 2006 by the time we got out," Lu Feng sighed.
"Let's not talk about that anymore. How did the talks go in Zhejiang?" Lu Feng asked.
"Mr. Du and I came back the day before yesterday. They want to cooperate, but their signal tower coverage is not extensive. A guy named Wu Ying is talking to them. I heard he uses technology from Japan, and the construction of the signal towers is particularly cheap," Zhu Lidong said.
"Talk to them as soon as possible and tell them that we can pay for the construction of the signal towers, just like the Jiangsu model, except that we won't pay the network access fee, and we want the revenue rights to the signal towers for ten years," Lu Feng instructed.
As the company grows larger, it will become more and more stable as long as it doesn't make any rash decisions. For Jiafeng, the startup phase is over. Now Jiafeng is a big company, and Wei Yandan takes care of the daily affairs, so there are fewer and fewer big strategic matters.
Lu Feng eventually raised the prices of mobile phone accessories to prevent any more inmates from returning. At the same time, he also noticed that counterfeit Jiafeng products were starting to appear in Huaqiangbei, ranging from televisions to VCD players to mobile phones.
Upon hearing Zhu Lidong mention this, Lu Feng expressed his relief, saying it was a good start.
While the internal situation was stabilizing, the external problems remained unresolved. John sent an audit team to audit Jiafeng's accounts. The first thing they discovered was a loan of 50 million US dollars. Lu Feng was very frank when questioned by John, saying that he had bought tungsten futures and asked John to help drive up the price, which infuriated John.
This chapter is not finished yet. Please click on the next page to continue reading the exciting content!
Continue read on readnovelmtl.com
