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Chapter 1829 Iron Ore

When I arrived at the hotel, although it was not a high-rise building, it was more luxurious than Li Rui thought, and many of the guests were faces of sanitary people.

"Why are there so many Chinese people in Hua?" Li Rui said in surprise.

"This is originally a hotel run by the Chinese people in Hua Guo." Yu Na said, "The Chinese people in Hua Guo have invested in a lot of business in Guinea. The owners behind several large hotels here are Hua Guo Guo. You can see Hua hanging everywhere in Conakry

Wen’s signature snack bar can eat all kinds of Huaguo cuisine. In a shop I went to yesterday, the Xiangyang beef noodles tasted very authentic!”

Shao Xuan said in surprise: "Really, fake? My saliva is flowing out of my mouth. I can't even eat authentic Xiangyang beef noodles in Haizhou. Can I eat it in Conakry?"

"If you don't believe it, I'll take you to eat tonight." Yu Na smiled.

"A word is determined!" Li Rui and Shao Xuan sucked their saliva together.

While taking everyone inside, Yu Na introduced: "This hotel opened in 2010. The internal facilities and decoration are relatively new, and it can barely reach the level of a four-star hotel in China, and the security measures are also very strict.

The boss behind the scenes is still from Hua Guo, and many people who come to do business in China will live here. By the way, there is also a Guinea Hua Guo Chamber of Commerce on the second floor. If you want to find connections here, you will definitely gain something."

"Tsk tsk, I know that Chinese people do business all over the world, but I didn't expect it to be so awesome." Shao Xuan exclaimed.

As Yu Na said, the hotel is probably at a four-star level in China. The waiters you meet on the road are also very polite and will take the initiative to greet them.

After entering the room, the facilities were pretty good and clean. Looking out of the window, you could see a beautiful scenery, which was beyond Li Rui's expectations.

There was a fruit tray on the table, and one of the cut white pineapples attracted Shao Xuan's attention.

"Why is this pineapple white?"

Yu Na smiled and said, "When I arrived yesterday, I had the same questions as you. Try it."

Shao Xuan tasted a piece and said in surprise: "It's delicious! How could it be so sweet and so much juice? Li Rui, you can try it too."

Li Rui also tasted it. As Shao Xuan said, it was sweet and juicy, and it tasted much better than the common yellow pineapple in China.

Yu Na said: "This is Xifei's specialty white pineapple. It is twice as big as the yellow pineapple on our side and tastes better."

Shao Xuan asked: "Why have you never seen such a delicious pineapple in China?"

Yu Na said: "White pineapple candy is too high and is not easy to transport and store. The Philippines also lacks processing capacity, so we can't see it at all."

Shao Xuan shook her head and said, "That's a pity."

After eating pineapple, Li Rui and Shao Xuan went back to their rooms to rest and waited to see the guests later.

Li Rui was lying on the bed and couldn't sleep left and right, so he simply took out the documents compiled by Zhu Qianxue and looked them up.

Investment in Ximangdu comes from some news reports that Li Rui had read in his previous life. Huaguo's economic development and industrial construction are often subject to international iron ore trade. If this problem cannot be solved, it will suffer a great loss in this regard in the next ten years.

As a superpower of industrial production and infrastructure construction, Huaguo has accounted for more than 60% of the world's iron ore demand for a long time, making it the world's largest iron ore consumer.

However, the iron ore reserves of Huaguo are not high, resulting in most of the iron ore that needs to be imported. The result is that once the international iron ore prices fluctuate, the one that is most affected is Huaguo.

In addition, there are more than 300 steelmaking enterprises in Huaguo, and the structure is extremely scattered, and most of them have no overseas ore resources, which further leads to Huaguo's enterprises facing international iron ore giants such as Rio Tinto, Vale and BHP Billiton, almost

No bargaining power.

In order to break through the blockade of international mining giants, Huaguo Enterprises have also tried many methods in the past few years.

Taking advantage of the financial crisis, in 2009, Hua Aluminum Group took action to acquire Rio Tinto.

Rio Tinto is the world's third largest diversified mineral resource company and the top three iron ore producers. In addition to producing iron ore, it also has various mineral businesses such as copper, aluminum, energy, diamonds, and gold. If possible, it

Taking such a huge mining company into account is a very powerful help for Hua Aluminum itself and the entire Hua Country's foreign energy policy.

As early as 2008, Hua Aluminum and Magnesium Aluminum Company jointly invested 14 billion magnesium to acquire 12% of the common shares of Rio Tinto Yingguo Company and hold 9.3% of the shares of Rio Tinto Group, becoming the largest single.

shareholder.

In 2009, Hua Aluminum took advantage of Rio Tinto's debt-ridden opportunity to propose further acquisition plans.

The result of the negotiations at that time was that Hua Aluminum invested 19.5 billion magnesium into Rio Tinto. After completing the transaction, it would hold 18% of Rio Tinto's shares and send two directors to Rio Tinto's board of directors.

The transaction was successively approved by the Australian Competition and Consumer Commission, the Technologies Government, the Technologies Foreign Investment Commission and other departments, but when everything was going well, Rio Tinto suddenly repented!

The reason is also very simple. At that time, the market situation gradually improved. Rio Tinto got rid of the financial difficulties by selling ore, so of course he didn't want to sell himself anymore.

The best opportunity for Huaguo Enterprise to break through the iron ore encirclement was regrettably missed.

In the following years, BHP Billiton, Vale and Rio Tinto joined forces to manipulate international iron ore prices, and raised prices for foreign companies every few days.

Too bullying!

However, the pricing power is in the hands of others. Even if the Huaguo enterprises have joined forces to negotiate and fight many times, they have succumbed to the other party's price increase requirements. In 2001, the price of the imported iron ore of Huaguo was 27.1 magnesium.

Yuan/ton, and later it was as high as 190 magnesium/ton!

In the most exaggerated 2019, Huaguo imported 1 billion tons of iron ore. These mining giants earned 30 magnesium per ton of iron ore for each ton of iron ore, and 30 billion tons of additional 1 billion tons.

In 2019, the profits of the entire steel industry in Huaguo only add up to this number.ωωw..net

After working hard for a year, the entire industry is working for these iron ore giants!

It would be fine if Li Rui didn’t know about this. Since he knew, how could he not break this monopoly?

How can we not fight for Huaguo Enterprise?

Ximangdu is Li Rui's killer weapon to break the monopoly.

This is the world's largest iron ore deposit with the highest ore grade. It only takes five to eight years of development to obtain a high-quality iron ore with an annual output of more than 150 million tons, accounting for 7% of the global output.

The proportion can have a very big impact on international iron ore prices.
Chapter completed!
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