The two men had a simple idea: if futures allow going long, then they also allow going short. They bought up all the futures contracts on the market. However, there were still some contracts in many securities companies that were used by various countries or companies to purchase tungsten ore.
The current high prices are mainly due to speculation about the shutdown of mining operations in South Africa controlled by Lu Feng. If all the futures contracts in hand are sold off at the highest point, allowing Schroder to take over, and then short positions are opened, coupled with the resumption of production at South African tungsten mines, and the timely delivery of products by South African tungsten processing plants, the price of tungsten will definitely plummet.
Soros and Robertson's thinking was simple: to profit from both sides, first by going long, then by going short.
The two hit it off immediately, as they could influence both the tungsten mine and the US-owned tungsten refining companies in South Africa.
Recently, major financial newspapers have been praising Lu Feng and Jiafeng Group, as if the company is about to become the world's leader in high-end manufacturing.
Watanabe had already noticed these reports. He was summoned and given a good scolding, and was told that Asian companies should not be allowed to stand out anymore. If Jiafeng Group could take advantage of this momentum to raise another sum of money, it might actually become a leader in the high-end manufacturing field.
Watanabe Shi hated Lu Feng to the core. Among the companies in the Asian countries under his jurisdiction, Jiafeng Group was the most active. Even several high-end companies in Japan had recently been negotiating with him, trying to use contracts, markets, finance, industry standards and other means to win over Japanese companies.
Watanabe's task was simple: he would use tactics such as courting companies in Japan that possessed core leading technologies, and using financial markets or other means to facilitate cooperation between Japanese companies and Silicon Valley companies, enabling them to share technologies or engage in joint development.
They use co-opting tactics to win over companies with advanced manufacturing capabilities, while suppressing companies without core technologies.
The problem is this: Jiafeng Group doesn't have any particularly impressive methods, yet it's still the most vocal. European and American companies don't understand Asia that well, and some people have become Lu Feng's fans. On certain occasions, it seems that if they don't praise Lu Feng, they don't understand modern high-end manufacturing.
Lu Feng himself didn't know that his influence in Europe could be summed up in three words: Lusk!
That day, tungsten ore prices once broke through the $50,000 mark. At eight o'clock in the morning in China, Lu Feng was sitting at the dining table eating breakfast. Jiang Xiaoyan urged her to hurry up. The financial channel on TV was broadcasting the European futures events of the previous night.
"According to foreign media reports, at 1:20 PM local time, the price of tungsten ore officially broke through the $50,000 mark, and then fell back. By the close of trading, the price was $47,000 per ton, which is the highest in history. Compared with $8,700 per ton last month, it has increased nearly sixfold. Foreign media have called this the 'Tungsten Demon King Time.' Next, please welcome futures analyst Mr. Li Xiaoxiao to explain the investment logic behind it," the host said seriously.
Duoduo had already slung her schoolbag over her shoulder. Jiang Xiaoyan instructed them to pack their things and then said to Lu Feng, "Let's go."
"Drive carefully, it's already past eight o'clock, aren't you going to be late?" Lu Feng asked, puzzled.
Jiang Xiaoyan glanced at Duoduo and said irritably, "So what if you're late? It's not like I'm the one who's late."
Duoduo stubbornly said, puffing out her cheeks, "So what if I'm late? I'll just stand at the entrance of the office."
"What's your attitude?" Jiang Xiaoyan had already started fighting, and the two of them walked towards the door, arguing and bickering.
Lu Feng sighed and muttered, "Going to school is like a death sentence. Whether you study or not is irrelevant. This child is so big, and he still needs to be coaxed."
Upon hearing this, Jiang Xiaoyan turned around and scolded Lu Feng a few times before driving her to school.
On television, the analyst solemnly stated: "Tungsten ore has a relatively small range of applications. Although this incident is related to the large-scale shutdown of tungsten mines in South Africa, we need to delve deeper into the industrial logic behind it. This is a harbinger of industrial upgrading. I believe that tungsten ore will have a wider range of applications in the future, and there will be new breakthroughs in materials science. Now is the best time to invest in tungsten ore futures..."
Lu Feng got a little annoyed by the TV, so he turned it off. After a quick meal and a short rest, he left for the company at 9:30 a.m., where he would begin inspecting the headquarters building and the new factory area the next day.
Just as he sat down in the car, Lu Feng's phone rang. He answered and asked, "Who is this?"
“Mr. Lu, it’s me, Soros.” A deep voice came from the other end of the phone. “It’s been almost a month, and we’re talking again.”
"Say what you want to say quickly, I have things to do, and I think you're in a hurry to go to sleep too, right?" Lu Feng said bluntly.
"It's the same thing again. I hope you'll announce the resumption of tungsten mine production in a week. This will definitely help you. As far as I know, you and Schroeder are having a bad time right now. When you finally break up with Schroeder, you'll need new friends," Soros said.
"So, Wall Street is my new friend? I just want to know one thing: does my betrayal of Schroder now mean I can betray Wall Street in the future? You know, the person I value most is my brothers." Lu Feng said firmly, "I will not allow anyone to bully my brothers, even if there is a rift between us."
Soros was speechless upon hearing this. He had investigated Lu Feng's background, and it just didn't feel right to hear him say it.
"That's all I wanted to say. I need to go to work, and you need to rest too."
"Are you sure you want to bear the consequences of this?" Soros asked rhetorically.
"I will take responsibility for everything, and I believe I can take responsibility for everything. When I came into this world, I firmly believed that I could create, enjoy, and take responsibility. It is not the threat from any one person that makes me deny the meaning of my existence. Do you understand?" Lu Feng said firmly.
My dear reader, there's more to this chapter! Please click the next page to continue reading—even more exciting content awaits!
Continue read on readnovelmtl.com
