Australia.

Melbourne.

BHP Billiton Headquarters.

After hanging up the phone, James Carter, whose face was extremely solemn, ordered his secretary: "Let others come over for a meeting immediately."

Perhaps because he realized that the president was in a bad mood, Secretary Elena hurriedly nodded and ran out to notify other deputy generals and department heads.

In the office, Carter turned on his office computer and found the details sent by Charles.

After reading it, two vice presidents at the headquarters and three department managers appeared in the office.

Vice President Wood asked curiously: "Carter, what's wrong with being so anxious? Are the Chinese people trying to negotiate again?"

"Our big trouble is here." Before Carter finished speaking, the phone on his desk rang. He glanced at him and answered the phone helplessly.

But he said, and he would let the seat open and signal Wood and others to look at his computer.

Wood and others surrounded the computer and soon saw Charles' detailed report. The more they read the content of the email, the heavier the atmosphere in the office became.

More than ten minutes later, Carter and Rio Tinto president finished the phone call.

"Now you guys talk about it, what should we do?"

"Can it be the other party's trick?" said one of the managers.

Wood, who is in charge of mineral investment, proposed: "Carter, we only have three choices now. The first choice is to fight a price war with the other party, and bet that the other party's inventory can only last for eight months."

"The second option is to take out funds, acquire the other party's futures, and raise the price, which is also to bet on the other party's insufficient inventory."

"The last choice is to ignore the other party and also wait for the other party's inventory to dry up."

Carter was worried that Wood's proposal was based on Bluestar Mining's insufficient inventory.

If Blue Star Mining has abundant inventory or production, the consequences will be very terrible for BHP.

Moreover, in Dalian Exchange trading, it is required to settle in Huayuan. In addition, accounts opened by foreign companies only support cash accounts for the time being.

In other words, if they join forces with Rio Tinto and Vale, they must prepare 100 billion Chinese yuan in cash to eat the next part of the futures.

Moreover, the major steel companies in China are not fools. Their large-scale acquisition of iron-fried futures is the consequence of crazily raising the price of iron-fried fans. At the same time, many steel companies will take futures and wait for the price to rise or expire.

God blesses them if you can acquire one-third of the iron fans futures.

The problem is that it spends hundreds of billions of Chinese yuan to buy iron powder. If Blue Star Mining's iron powder production is still very sufficient in the second half of next year, then BHP Billiton will definitely lose tens of billions.

They are still listed companies. Such a big strategic decision, if you are not careful, it may lead to a plummeting stock price.

After a while, Vale President Goy also called and Carter discussed with the other party for more than half an hour.

Vale is also in a dilemma now. They are also struggling whether to spend money to acquire the iron fans of Blue Star Mining to raise the market price; or to lower the price of iron ore and engage in a price war with Blue Star Mining; or to wait and see if Blue Star Mining is bluffing.

Carter, in a dilemma, said helplessly: "Wood, you should understand that we have just emerged from the economic crisis in the second half of this year. If we take out so much money, our capital chain may not be able to bear it."

"Then you can only reduce the price." Wood replied with a headache.

It was on the first day of the official opening of the Dalian Ore Exchange.

The capital market responded very quickly to this matter. After the rice stocks opened that day, Vale, BHP Billiton, Rio Tinto, and other companies involving iron ore, bauxite and potassium sulfate prices fell all the way.

Among them, the company with the largest decline was Rio Tinto Group, which had just recovered. The maximum decline in a single day reached 27.3%, and the decline at the close was 14.2%.

Vale and BHP Billiton also fell 11.4% and 9.3% respectively.

If the three major international mining groups cannot eliminate the impact of Blue Star Mining, investors may in turn short their stocks.

...

Demon City.

The Vale representative Ole Juan, who had just returned to the office, was made an appointment by Ding Lixing, who had also just returned to the Magic City.

In a nearby business hotel, both parties found a business box, but Ding Lixing did not go around the bush and went straight to the point.

"Mr. Juan, we are all old friends. Baosteel has obtained 35.7 million tons of iron-fried futures on Dalian Exchange. We may need to consider the purchase contract next year."

While pouring tea, Juan reminded: "Ding, you should know that stability is the most important thing in the ore trade, and the supply of Blue Star Mining may not be long-term."

Picking up the teacup, Ding Lixing slowly savored the tea, and then said, "But Mr. Juan, our Baosteel steel production has only reached about 30 million tons this year. The futures we eat this year are enough for us to use for more than a year."

"Ding, the price is easy to negotiate. After all, one more supply channel is also beneficial to you." Juan's attitude softened.

"What is the price of Vale?" Ding Lixing has never been as relaxed as he is today. He used to pour tea and water for the other party.

Juan thought about it and raised the psychological price given by the headquarters a little: "How about 750 yuan?"

"750 yuan? This price is too high. If it is 500, we will consider giving you a portion of the purchase share in the following year."

Juan was a little anxious: "Part of the year after tomorrow? Ding used to adopt long-term contract prices. We believe that this mechanism should continue to be maintained."

Ding Lixing, who calmly tasting tea, secretly despised him. If it weren't for Blue Star Mining's actions, these guys would have had a lot of objections to the long-term contract plan. Now they have turned around and asked to maintain the long-term contract plan.

"Juan, there is no need for the long-term association. After all, they are trading iron fans futures on the Dalian Exchange now. Baosteel cannot start the long-term association by itself!"

Just as this was the case, Juan's assistant hurried over, whispered a few words in his ear, and took another document and handed it over.

When Juan heard the assistant's report, she seemed to be hit by a bolt from the blue.

It turned out that some steel companies issued a contract modification requirement to Vale. If Vale does not agree to lower the price of iron ore, they would rather breach the contract than purchase Vale's iron ore.

Faced with the backstab of China Steel Enterprise, if Ding Lixing hadn't been there, he would have cursed a lot. Juan gave an assistant looking at him: "I know, I'll deal with it later."

"OK."

After a while, the assistant left the box.

Ding Lixing asked with a smile: "Juan, after the contract this year is completed, the iron ore for next year will be temporarily to be decided! After all, Baosteel's funds are also limited."

"Ding, how about 700? This is my greatest sincerity."

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Ding Lixing still shook his head.

The two sides finally failed to reach an agreement. When Ding Lixing left, Hu An immediately cursed.

Similarly, BHP Billiton and Rio Tinto's commercial office in China have received cordial greetings from major steel and aluminum companies.

Many of them require price cuts, which means that they will not purchase ore next year, or directly default, and even need to buy ore.

For a time, the business of the three major international mining groups in China suffered unprecedented setbacks.
Chapter completed!