Because the import volume of iron ore is extremely large, flower growers once tried to control the pricing power of iron ore. Unfortunately..., they failed!
International mining giants such as Vale, Rio Tinto, and BHP Billiton are definitely not willing to give up their pricing power to Rabbit. Rabbit became angry and set up an iron ore import quota system. However, the implementation of this system was not very good, because
Flower growers need too much iron ore.
Flower growers import billions of tons of iron ore at every turn, accounting for more than 60% of the world's total imports. In order to seize such a huge supply, those mining giants did not know how many tricks they had behind the scenes and how much they bribed.
Traitor.
And now Robert Lee was staring blankly at the radio in his car, not paying attention even if his head was full of blood. Because there was a news on the radio just now... In order to forcefully reduce production capacity, the Rabbit Government plans to reduce production capacity within three years.
Iron ore imports have dropped to half of what they are now.
Is there any mistake? Is this to reduce production capacity? This is clearly committing suicide!
After hearing the news, Robert E. Lee was shaking all over. He kept shaking!
Disaster!
"Isn't this true?" Robert Li tremblingly took out his cell phone and immediately contacted a well-informed person he knew. As a result, the other party was vague after asking a few questions. In the end, he simply hung up the phone and could not get through again.
The car that hit the roadside attracted the traffic police, but Robert Lee did not bother to deal with his own car accident. He ran away before the traffic police arrived. After bandaging himself briefly, he quickly called a taxi and returned to his office.
On the computer screen in the office, the Magic City Futures Exchange has stopped trading after get off work. However, the iron ore prices in other futures exchanges around the world fell in response, and they collectively knelt down - if flower growers really reduce their iron ore imports by half, Many people did not kneel down, but died.
"No...!" Robert Lee's head immediately buzzed. The drunkenness he had felt before was gone. Only the pain of panic and palpitations almost made him die. He immediately went online to try to find the latest news, but it turned out that
What arrived was a scene of mourning.
Various mining forums are already in chaos. Officials, companies and even private networks are desperately trying to find out what happened? No one really believes that the government will cut half of the iron ore imports in order to reduce production capacity.
, which means that even domestic demand cannot be met.
But no one can say for sure what happened. The Zhonghua Government has always had prudent policies and upright handling of affairs. Unlike the Asan Government, which always makes troubles and makes world-wide scandals such as demonetization, it is like this.
Cutting the iron ore import quota in half is terrible!
At this time, let alone individuals, even the country could not sit still. The Australian government was shouting from a distance at a routine press conference of the Ministry of Foreign Affairs, talking about win-win cooperation, abolishing trade barriers, increasing product quotas, etc.
if.
Because Australia exports 700-800 million tons of iron ore every year, most of them are bought by flower growers. Now the quota is less than half... This is not a problem of missing 10 to 20 billion US dollars in export volume, but a big problem.
The enterprise will be destroyed, and a large number of jobs will be lost.
But when the next day, the flower growers directly cut the quota of iron ore imported from Australia by half. This time, they were really dumbfounded...
Rabbit, didn’t you really say that you would reduce it by half within three years? How come you cut my quota by half the next day?
The flower grower said: Yes, it is within three years. Whether or not I buy your iron ore is my business. What? You still want to interfere in my family's internal affairs!
The Ministry of Foreign Affairs held a press conference, and a reporter asked about iron ore quotas, especially Australia's request to open the market.
However, a Chinese spokesperson said: We have always upheld international liberalized trade. Regarding the reduction of iron ore quotas this time, Australia should reflect on itself why it has been boycotted by our companies and not go further on the road that affects regional peace.
the further away.
Rabbit just pointed at Australia's nose and said: You are a dead kangaroo in Australia. In the past, you either talked about human rights issues or raised the price of iron ore to extort my money. Now you are still looking for trouble and always send warships to the South China Sea. Let you
You are so ungrateful even though you are not grateful for making money. Today I have to deal with you, the arrogant person!
Now the economy is not doing well, which is affecting the whole world. Every country is counting on flower growers to become the new engine of world trade. The mining industry accounts for a large proportion of Australia's exports, which suddenly fell by half. Today's GDP
Let alone increase, it must decrease.
Everyone in the global village knows that rabbits have become more and more powerful in recent years, but now they find that others are wielding the trade stick to make trouble, which directly makes a regional bully feel the pain. After all, everyone is still not used to it!
Robert Lee didn't care about international trade at all. He wanted to sell the iron ore futures he bought immediately the next day, but he didn't expect that the futures price plunged at the opening, giving him no chance to operate at all.
.
The bank didn't even have time to ask Robert Lee if he wanted to increase the margin. Several times of financial leverage collapsed immediately. All the money he had invested in speculation yesterday was wiped out in an instant, and he still owed a lot of debt in one fell swoop.
Only then did Robert Lee understand that the slow reaction of the futures market yesterday was not a slow response at all. In all likelihood, someone invested a large amount of money in harvesting leeks. And he was the leek that was harvested.
When he was in despair, Robert Lee walked out of his office in a daze. He pressed the elevator and wanted to go to the rooftop of the building. He only saw a pale and staggering man coming out of the company next door to him.
"Are you also speculating in iron ore futures?" Robert Lee asked, feeling worried.
The pale man shook his head and said with a grimace: "Copper mine, copper mine is finished. There are also nickel ore and bauxite. The trading volume of almost all major minerals has plummeted today. This is a disaster. No one expected it."
Even the most pessimistic analysts could not have imagined that such a huge decline would occur."
What?
Robert E. Lee didn't know whether he should cry or laugh? It turned out that he was not the only one who was unlucky. It turned out that this crisis had dragged countless people into trouble. "Why? Why did this happen?"
The pale man murmured: "The Ministry of Commerce of the Huahua government has just issued a forecast, saying that the import of minerals from Huahua may be significantly reduced in the future. Even..., even the import volume of oil will be affected."
Hiss..., oil?
This is because the world is not chaotic enough!
If the price of iron ore plummets, the number of countries affected will be limited. But if the price of oil plummets, many countries will be affected.
In this case, let alone Australia. After all, Australia can sell other things besides iron ore. Some countries have nothing but oil. Even the United States, which has recently been engaged in shale gas, cannot escape the impact.
If someone makes trouble, it can bring disaster to the whole world.