"Let's just keep doing our job steadily!"
After listening to her business philosophy for Huasha all night, Lu Feng summarized it in one sentence: she still has the unique kindness and simplicity of a rural person at heart. This philosophy reminded Lu Feng of someone: Tao Bihua!
Perhaps she is more down-to-earth than I am; at least her ideas don't seem like those of a modern businessman who manipulates capital.
At this moment, in Europe, at the London Futures Exchange.
As soon as the market opened, everyone held their breath and stared at the price of tungsten ore. Some even whispered, "Go up, go up!" The price of tungsten ore has gone crazy in the past month. All three-month tungsten ore contracts have been sold out. Now, even if you have money, you can't buy any.
As soon as the market opened, tungsten ore prices soared, and trading volume could be counted on one hand. In just a few minutes, the price jumped from 28,000 yuan per ton to nearly 40,000 yuan, an unprecedented price.
"Does anyone have tungsten ore futures contracts? I'll pay 45,000!" someone shouted in the trading hall.
Everyone present looked at each other in disbelief. Holding a tungsten futures contract was like owning a bottle of Moutai priced at 2,600 yuan – an absolute symbol of wealth.
Almost all the chips are concentrated in the hands of Schroder and a few major Wall Street funds. They decide whether the price goes up or down. Both sides know that it's impossible to play the game until May. The price must come down before the settlement because South Africa is not the only country in the world with tungsten mines. Other countries have a considerable amount of ore stored in their national treasuries.
Inside the Schroders investment bank office, John stared at the flashing numbers on his computer screen, feeling no emotion whatsoever. The office door was knocked open, and several managers walked in.
"The situation remains the same today. When will we ship the goods? According to the latest survey data from South Africa, those US tungsten refining companies in South Africa have now stopped production, and I heard that they are still at an impasse," a manager said.
“Several of us believe that Wall Street won’t hold out until the settlement date. After all, these trading parties are American companies, and if they can’t complete the transaction by the due date, they will have to pay penalties,” another person said.
"Another concern is that they might not be able to deliver the goods and would have to use the US domestic reserves for delivery. This is quite risky. Based solely on futures trading, Lu Feng's tungsten mines in South Africa are not enough to control these companies. Moreover, there are reports that South Africa is currently negotiating with the US, and this matter will become a bargaining chip."
John leaned back in his seat without saying a word. Britain still had some control over South Africa. He had received news yesterday that the United States was indeed in talks with South Africa, but with many higher-level demands. He estimated that the United States would not easily agree to them.
This matter involves many forces, and many people are taking advantage of the situation. As far as he knows, China's foreign affairs department is also having a headache recently, since no one can prove that Lu Feng is Lu Feng, or that he is an invisible hand extended by China.
“There’s still more than a month to go, what’s the rush? Soros and Robertson aren’t in a hurry, so why should I?” John said confidently. “Let’s push the price up further and get all the major financial media outlets to give Jiafeng Group more publicity, and bring it into the public eye.”
A dozen minutes later, amidst gasps of surprise, the price of tungsten ore broke through the $40,000 mark, settling at $46,000 per ton.
Major financial media outlets went into a frenzy, using sensational headlines like "Tungsten Demon King Arrives" on their front pages, while stocks of other related products surged.
Lu Feng's name resounded throughout the European financial world. In order to boost sales, major media outlets fabricated his story into something like a myth: a model of self-made success, a wanted fugitive in Europe, a hero who outwitted Wall Street, and so on.
On Wall Street, Robertson and Soros sat in a meeting room, where they briefly discussed the current situation. They had recently contacted several tungsten processing companies in South Africa and learned that they did not have much inventory to deliver on May futures contracts, but they were already seeking government support and that delivery in May would not be a problem.
After reviewing the documents, Soros took a puff of his cigar, smiled slightly at Robertson, and said, "Next, bury Schroeder!"
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