After hearing this, John told Lu Feng to stay calm and not panic. He didn't believe the United States could make a big deal out of this. As long as Lu Feng didn't take the initiative to resume tungsten mine production, everything would be fine.
After hanging up the phone, John asked the manager next to him, "What's the price now?"
"It just fell below $70,000, and the sell orders are huge."
"Have the traders prepare funds to absorb all the sell orders, no matter how many there are," John said in a deep voice.
Several managers nearby were taken aback by these words. One of them advised, "They are definitely going to sell off. It will be difficult for us to hold on at this price. I suggest we maintain the price first, then lure a group of retail investors after the market closes. When the market opens tomorrow, we can push the price up and lead the retail investors to surge together. That would be a safer approach!"
“Can’t you hear what I’m saying? I’ll take responsibility for this. We’ll buy as many as they have.” John said firmly, “Why let retail investors get involved in making money? We’ll handle this kind of suffering ourselves.”
Seeing that they couldn't dissuade them, the group had no choice but to go down and give instructions to the trader.
With less than fifteen minutes left before the market closed, the futures exchange was filled with groans of despair. Those who bought in at the very beginning when large sell orders appeared were now devastated. No one could have imagined that the price would drop so much in just half an hour, and some people had already been liquidated.
Seeing this situation, the others dared not make a move. They needed the backing of major funds. Some people stood in the lobby with red eyes, shouting unwillingly towards the VIP room, "Where are the major funds? Where are the major funds? We need support!!"
Suddenly, a surge of funds appeared on the exchange's display screen, absorbing over a dozen orders in one go. The trading volume instantly increased, followed by an even larger influx of funds, sweeping up everything in their path with an overwhelming momentum.
"The main force is here!! The main force is here!!"
Everyone was celebrating, some were crying tears of joy, and some were questioning, suspecting that it was a pump-and-dump scheme. But one high point after another was recovered, and this money seemed to have turned on a money printing machine. Sell orders were as fragile as paper in front of it.
"Buy!! Eat it all! Hurry up and eat it all, it's going to be sold out!!"
The retail investors who were just wailing and howling a moment ago are now rushing to the trading desk to follow suit, as if they are not afraid of the decline at all.
In Soros's office on Wall Street, a manager walked in and said, "All the futures contracts we sold have been bought up. The price has now returned to $75,000. We still have half of our positions left. Should we sell?"
"Take it all?" Soros was somewhat incredulous. The combined positions of the two parties were worth nearly a billion dollars. Such a large investment was a responsibility that most people could not afford. Moreover, the Schroders Group already held a considerable number of tungsten mining contracts. If they took it all, it would be equivalent to a monopoly.
It's already May, and the delivery date is fast approaching. They plan to buy a batch of tungsten ore at an exorbitant price.
Soros began to have doubts. He suspected that the information he had received was inaccurate. Otherwise, where would Schroeder have gotten the courage to take such a large position? Didn't they suspect that they first went long and then shorted?
"There are less than ten minutes left in the trading session," the manager reminded him.
"Sell! Sell everything!" Soros said, then hesitated for a moment before adding, "Call Robertson and let him know."
With less than six minutes left before the market closed, people in the futures exchange watched the prices stabilize and breathed a sigh of relief. Just when everyone thought everything was settled, a huge sell order suddenly appeared, breaking through all the buyers' defenses and plummeting straight down.
Everyone at the scene stared wide-eyed, and screams erupted everywhere.
When the price broke through $70,000 again, a large amount of funds rushed out to support the market, with $500 million traded in an instant. In the last few minutes, a V-shaped sell-off occurred!
The market has closed, finally closed. The futures exchange is eerily quiet, and everyone has a feeling of relief. A gentle breeze passes through the door, and some people feel a chill down their spines, only then realizing that their backs are soaked with sweat.
Such an incredible futures battle has not only been reported by financial media, but after the market closed, exchanges and the China Securities Regulatory Commission began to issue statements, and the national level has also begun to take notice of this issue.
In South Africa, at nine o'clock in the morning, Lu Feng received a phone call saying that someone from a high-ranking position wanted to see him. This was an excellent opportunity, so Lu Feng hurriedly gathered all his documents and set off by car half an hour later.
Inside the reception hall, Lu Feng was led to the designated spot and made to wait. The room was decorated in a rather solemn style, with expensive carpets on the floor and guards visible at the entrance.
After waiting for more than ten minutes, a white man in his fifties or sixties strode in. He was quite burly, somewhat bald, and followed by seven or eight people who were talking to each other from time to time.
Upon seeing this, Lu Feng hurriedly stepped forward, extended his hand, and shook it, saying, "Hello, De Klerk! I am Lu Feng, the person in charge of Jiafeng Group from China."
"Welcome, Mr. Lu. I've heard your story, and I hope this meeting can resolve some of your concerns. We always welcome foreign investment," De Klerk said politely, shaking Lu Feng's hand.
After a brief exchange of pleasantries, the two went to the reception room. Lu Feng sat on a single square sofa, not paying attention to the formalities of the occasion, and said directly, "I have always believed that South Africa is a beautiful and peaceful country where everyone can strive to create their own success. Jiafeng Group also entered this land with this philosophy and dream. However, what has happened recently is truly regrettable."
“佳峰集团对于当地的矿产投资是相当大的，而且所有的手续都是合法，我们为了提高产量，保证工人人权，所以停产检修，可是这些行为却招来了指责，这一切都是让人所不能接受的，我相信贵方能够在法律的框架下，保障投资者的合法权益。”
本小章还未完，请点击下一页继续阅读后面精彩内容！
Continue read on readnovelmtl.com
