Chapter 1596: Trading Stick

The flower growers once tried to control the pricing power of iron ore because of the huge import volume of iron ore. Unfortunately..., failure bird!

International mining giants such as Vale, Rio Tinto, and BHP Billiton are definitely not willing to give up pricing power to rabbits. The rabbit became angry and set up an iron ore import quota system. However, the implementation of this system is not very good, because the flower growers need too much iron ore.

Flower growers import one billion tons of iron ore at every turn, accounting for more than 60 percent of the world's total imports. In order to seize such a huge supply, those mining giants did not know how many ghosts were behind the scenes and how many traitors they bought.

But now Robert Li stared blankly at the radio in his car, even if his head was covered in blood, he couldn't care less. Because a piece of news broke on the radio just now... In order to forcefully reduce production capacity, the Rabbit government plans to reduce iron ore imports to half of the current level within three years.

Is there a mistake? Where is the capacity reduction? This is clearly suicide!

Hearing this news, Robert Lee was shaking all over, shaking non-stop!

Doom!

"It's not true, is it?" Robert Lee tremblingly took out his mobile phone, and immediately contacted the well-informed person he knew. In the end, after asking a few words, the other party was also vague, and finally hung up the phone altogether, and couldn't get through again.

The car that hit the side of the road attracted the traffic police, but Robert Lee didn't care about dealing with his own car accident. He ran away before the traffic police came, and after a simple bandage, he quickly called a taxi and returned to his office.

On the computer screen in the office, the Modu Futures Exchange has stopped trading after get off work. However, iron ore prices on other futures exchanges in the world fell in response, and they collectively knelt down—if the flower growers really cut their iron ore imports by half, many people would not kneel but die.

"No...!" Robert Lee's head was buzzing immediately, and the slight drunkenness before was gone at this moment, only the pain of palpitation and palpitation almost made him die. He immediately went online and tried to find the latest news, but what he saw was a scene of mourning.

All kinds of mining forums are already in a mess. Officials, companies and even private networks are desperately trying to find out what happened? No one really believes that the flower planting government will cut off half of iron ore imports in order to cut production capacity, which means that it cannot even meet domestic demand.

But what happened, no one can say for sure? The Flower Planting Government has always had a stable policy and upright handling of affairs, unlike the Asan government, which is always tossing around and making a big joke about abolishing money. But it is terrible to cut the iron ore import quota by half in one breath!

And at this time, not to mention individuals can't sit still, even the country can't sit still. The Australian government shouted at the regular press conference of the Ministry of Foreign Affairs, talking about win-win cooperation, removal of trade barriers, and increase of product quotas.

Because Australia exports 700 to 800 million tons of iron ore every year, most of which are bought by flower growers. Now the quota is reduced by half... This is not a problem of a loss of 10 to 20 billion US dollars in exports, but a problem of large companies dying and a large number of jobs being lost.

It can wait until the next day that the flower growers will directly reduce the iron ore quota imported from Australia by half. This time I was really dumbfounded....

Rabbit, didn't you fucking say that it will be reduced by half in three years? How can I reduce my quota by half the next day?

The florist said: Yes, it is within three years now. Whether to buy your iron ore or not is my business. how? You still want to interfere in my family's internal affairs!

Rabbit Ministry of Foreign Affairs held a press conference, and some reporters asked questions about iron ore quotas, especially Australia's request to open the market.

But the Chinese spokesperson said: We have always maintained international liberalized trade. Regarding the reduction of the iron ore quota, the Australian side should reflect on why it was resisted by our companies, and not to go further and further on the road of affecting regional peace.

The rabbit almost pointed at Australia's nose and said: You dead Australian kangaroo, you used to talk nonsense about human rights issues or raise the price of iron ore to extort money from me.

Now it’s okay to look for trouble and always send warships to Laozi Nanhai. You're so ungrateful for making money, I have to deal with you, a young bird, today!

Now the thief eagle's economy is not very good, and it affects the whole world. Countries are counting on florists to be the new world trade engine. The mining industry accounted for a large proportion of Australia's exports, which suddenly fell by half. Today's GDP has to decline, not to mention growth.

Everyone in the global village knows that rabbits have become more and more powerful over the years, but now they find that they are wielding the big stick of trade to make a big deal, and directly let a small bully in a region taste the bitterness. After all, everyone is still very uncomfortable!

Robert Lee no longer cares about international trade. He wanted to immediately throw away the iron ore futures he bought in his hand the next day, but he didn't expect the futures price to plunge at the opening, without giving him any chance to operate.

Before the bank even had time to ask Robert Lee if he wanted to increase the margin, the multiple financial leverage collapsed immediately. All the family assets he went in to speculate yesterday were wiped out in an instant, and he owed a whole lot of debts in one go.

Only then did Robert Li understand that the slow response of the futures market yesterday was not slow at all. In all likelihood, someone invested a lot of money into the market to harvest leeks. And he is the leek that has been cut.

When he was in a daze, Robert Lee walked out of his office in a daze. He pressed the elevator and wanted to go up to the roof of the building, only to see 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 sorry for him.

The pale man shook his head and said with a bitter face: "Copper mines, copper mines are over. There are also nickel mines, bauxite mines, and the trading volume of almost all major minerals has plummeted today. This is a disaster, and no one expected it There will be such a huge decline that even the most pessimistic analysts have not imagined."

What?

Robert 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 dragged countless people into the water. "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 for Huahua may be greatly reduced in the future. Even..., even the import of oil will be affected."

Hiss..., oil?

This is because the world is not chaotic enough!

If the price of iron ore plummets, the affected countries are limited. But if the price of oil plummets, many countries will die.

In this case, let’s not talk about Australia. Australia can sell other things instead of iron ore. Some countries have no other production except oil. Even the United States, which has been engaged in shale gas recently, cannot escape the impact.

If someone makes trouble, it can be regarded as causing misery to the whole world.

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