Rebirth 76: Industrial Internet Empire

"Mr. Yang, have you seen the news in the Financial Times? Something happened at the Escondida Copper Mine? Why didn't Mr. Chang not notify us of such a big incident?" Li Heping kept talking on the phone. asked.

Yang Mo said in a deep voice: "I asked him not to notify you. This strike is very strange. If nothing else, it should be the Japanese. I have asked Guohua to lead people to investigate!"

"Then what should we do now?" Li Heping asked uneasily.

"Why panic! The delivery date is still early! Prepare the funds and launch a counterattack as soon as the strike is over!" Yang Mo said in a deep voice.

"By the way, one more thing. London Stock Exchange precious metals traders David and Lin Feng signed a strange contract to purchase 3015 tons of electrolytic copper from Kansangshi Copper Mine at a price of US$5.2. The delivery date is six months. Months later, after I asked Lin Feng, Lin Feng said that this was a false transaction. Sumitomo Metal Mining sold the 3010 tons of electrolytic copper back to Kansangshi Copper Mine for US$5.2 million. Do we want it? Expose him in the media?" Li Heping continued.

"Don't be anxious! Let's wait until the decisive moment to break out. The key now is to resolve the strike issue!" Yang Mo said in a deep voice.

Santiago, the capital of Chile.

In an executive suite on the top floor of the Santiago Hotel located on the banks of the Mapocho River, Yang Mo was standing quietly in front of the window admiring the beautiful scenery in the distance.

Not far away, the sparkling blue Mapocho River flows slowly from the edge of the city. The streets are crowded with people, and beauties in sexy clothes show the enthusiasm and boldness of this country.

Chile may be the most favored country by the Creator, with rich mineral resources, spring-like weather all year round, and year-round temperatures between 8 and 20 degrees Celsius.

After a few gentle knocks, Chang Yonggui led Vincent Gonzalez in.

"Hi, Vincent! Long time no see, how are you?" Yang Mo opened his arms and said enthusiastically.

Vincent looked embarrassed and said with a grimace: "Mr. Yang, I'm very sorry, I didn't know things would develop to this point. The strike action of the Chilean National Copper Company has spread to Escondida Copper." mine!"

Yang Mo waved his hand and said: "Vincent! You don't have to blame yourself. I invite you here today just to discuss solutions together!"

Vincent Gonzalez nodded and said: "We have reached some internal consensus and are negotiating with the miners to resume work as soon as possible!"

"Mr. Chang, how many days has the Escondida Copper Mine been suspended?" Yang Mo turned to Chang Yonggui and asked.

"Mr. Yang, it's already the 11th day!" Chang Yonggui said with a frustrated look.

"Have you found out the specific reason? Is there any pusher behind it?" Yang Mo continued to ask.

"The person behind the scenes is still being investigated, but we already have some understanding of the cause of the strike. It is said that someone paid for these workers to go on strike for three months, with $500 for ordinary workers, $2000 for foremen, $3000 for captains, and $5000 for section leaders..." Chang Yonggui said.

"Have you found out who the organizer is?" Yang Mo asked.

"There is no definite evidence, but all clues point to Ramirez, the vice chairman of the union!" Chang Yonggui said.

After the translator translated the conversation between Yang and Mo into Spanish, Vincent Gonzalez was furious: "Ramirez, this bastard, why did he do this?"

Yang Mo said in broken Spanish: "If my guess is correct, the instigator behind it should be Sumitomo Trading Co., Ltd. In order to drive up copper prices and make huge profits in the futures market, they did not hesitate to interfere in the affairs of other countries, causing many copper mines in Chile to go on strike and suspend production. It’s so heartbreaking, Mr. Vincent, do you know what to do?”

After Vincent Gonzalez returned, he immediately reported the inside story of the strike at the Escondida Copper Mine to the Ministry of Labor.

The mining industry is the lifeline of Chile's economy, and the strike is a sensitive mass incident. In addition, there is interference from foreign forces. The Ministry of Labor dared not neglect and immediately intervened in the investigation.

It only took two days to find out the whole incident. Ramirez and Ono Jiro were brought to justice. Tsukada Hatsumi, who had received the news in advance, fled Chile in advance.

The Chilean copper mine strike finally subsided. International hot money with a keen sense of smell smelled the opportunity for a long-short reversal in London copper and surrounded it like African hyenas. Glencore, Tiger Fund, Quantum Fund, and Rio Tinto all joined the short-selling army.

The Lun Copper 06 contract fell sharply in response, falling from a high of $3075 to below $3000 in just one trading day.

The international hot money that joined the short-selling army used its strong financial resources to push the London copper price from a high of US$3075 per ton to around US$2720 per ton.

Binzhong Tainan was not willing to surrender. Instead of reducing his long position in the Lun Copper 06 contract, he continued to buck the trend and increase his position in a desperate attempt!

Binzhong Tainan's crazy counterattack scared off some short sellers, and the Lun Copper 09 contract once came back to life, rising again from US$2420/ton to around US$2600.

As both parties invested more and more funds, and the delivery date of the Lun Copper 06 contract was approaching, international hot money launched the final general attack!Under the strong offensive of the short sellers, the Lun Copper 06 contract began to collapse, plummeting by $900 in half a month, and barely finding support near $1700!

On June 6, Sumitomo Trading Co., Ltd. announced that Lun Copper futures trading had resulted in huge losses for the company. The amount of losses exceeded the company's total profit in the past 21 years. Yasuo Hamaka was fired, and Mr. 10% officially passed away.

The dismissal of Hamanaka Tainan could not solve the huge long positions of 09 and 012 held by Sumitomo Trading Co., Ltd. The ensuing panic selling caused the London Copper 09 contract to fall below US$1650, returning to the low of two years ago. .

Seeing that huge losses were unavoidable, the Japanese acted rogue. Sumitomo Trading Company President Tomi Akiyama announced that Hamanaka Tainan's long position in Lun Copper was a personal act and had nothing to do with Sumitomo Trading Company.

Akiyama Tomi’s blame-shifting remarks have refreshed the bottom line of normal people’s cognition.

The London Metal Exchange intervened and investigated and found that Hamanaka Tainan's London copper trading volume in Sumitomo Trading Co., Ltd. was only about 100 billion U.S. dollars, but the illegal trading volume in private without the company's permission exceeded 200 billion U.S. dollars.

The London Stock Exchange's investigation report has made major trading brokers sit on pins and needles. If Sumitomo Corporation succeeds in dumping the blame, then they will have to bear the losses of these huge long positions...

How can Western governments, which always have double standards, let their own banks and brokers bear these losses?

Under the auspices of David King, President of the London Stock Exchange, after several rounds of negotiations, short sellers, Sumitomo Corporation and trading brokers reached a three-party settlement agreement. Sumitomo Corporation's long positions were forcibly balanced at an agreed price recognized by the three parties. Warehouse, the loss of more than 40 billion US dollars has greatly damaged the vitality of the wealthy Sumitomo Consortium...