Rebirth 1984: Starting with the development of Hanka

"It's over, we are really in big trouble!!!"

At this time, the people around him shuddered.

Obviously, everyone now understands the intention of Galaxy Mining Group, which is to monopolize the rare earth market and then raise prices!

The days of buying rare earths at cabbage prices may be gone forever.

The party scene suddenly became noisy.

Everyone was discussing and thinking about countermeasures.

However, I have never been able to come up with a good solution.

Rare earths are monopolized by Galaxy Mining Group. If it were other companies, they would not be too afraid.

However, Galaxy Mining Group is a subsidiary of Wujiang Group and has no shortage of funds.

Therefore, Galaxy Mining Group has no need to sell rare earths to them.

However, rare earths are core raw materials for many technological products and must be purchased.

In the end, they can only buy at a high price.

At the party, some savvy people had already taken out their mobile phones and contacted the rare earth companies in China, preparing to buy a batch of rare earth resources before others did.

After all, Galaxy Mining Group does not completely monopolize China's rare earth market.

Chinese mainland.

Ever since Galaxy Mining Group held a press conference and stated that it would increase rare earth production, domestic rare earth companies were suddenly terrified.

"Damn, the competition for rare earth exports is already very fierce, and everyone is lowering prices. Now, Galaxy Mining Group is going to more than double its output, and rare earth export prices are going to plummet. How can we survive? If I had known it, I would Just sell the company to Galaxy Mining Group..." The owner of a rare earth company said with a sad face, full of regret in his words. After a while, he murmured, "Before the price of rare earths plummets, I'd better get in touch. Galaxy Mining Group, sell the company to them!”

Many rare earth companies were frightened by Galaxy Mining Group's previous press conference, so they rushed to sell their companies to Galaxy Mining Group.

More than a dozen companies signed acquisition agreements that day.

There is no way, in this era, the circulation of information is relatively slow, and there is a huge information gap at home and abroad. If these rare earth companies persist for a while, they will know that foreign rare earth businessmen are panicking and want to purchase raw rare earth ores at high prices.

In fact, many rare earth companies do not deal directly with foreign companies. Many of them have middlemen with export trading rights to make the difference.

……

In the following days, foreign rare earth trading companies rushed to buy raw rare earth ores at high prices, causing the price of rare earths to soar in the international market!

"What?! The purchase price of rare earth raw ore has tripled. Is it true? Damn it, how could this happen? I've already sold the company!!!"

"The price of rare earth raw ore has increased again? Oops, this is a huge loss!"

At this moment, those who sold the rare earth companies are regretting it.

The price of rare earth raw ore changes every day.

The price tripled on the first day, and within a week, the price soared to five or six times its original value, and demand still exceeded supply.

In the entire rare earth market, Galaxy Mining Group has not sold even a single bit of rare earth resources. Foreign countries that want to purchase raw rare earth ores can only obtain them at high prices from other rare earth companies.

Unfortunately, there are too many monks and too little rice, and the supply exceeds the demand.

The amount of rare earth raw ore these rare earth companies can provide is simply a drop in the bucket.

Many foreign companies are purchasing rare earth raw ores at high prices.

Countries such as Europe, the United States, Japan and South Korea have sent notes to China, demanding an increase in exports of rare earth raw ores and requiring Galaxy Mining Group to sell rare earth raw ores.

The Chinese authorities have long been dissatisfied with rare earths being sold at low prices, and of course they support Galaxy Mining Group.

Galaxy Mining Group is still not afraid of pressure from various countries.

Firstly, there is no shortage of money, and secondly, Wujiang Group’s products cannot enter the US market anyway, so what else do you, America, want to do to you?

You know, the country that uses the largest amount of rare earths in the world is the United States.

Europe is not so anxious yet.

In addition, Wujiang Group has a large investment in Europe, and it will definitely give Europe some face in the end by selling some rare earth raw ores.

In fact, people from Europe have already contacted Zhao Ye. Zhao Ye neither agreed nor refused. He would wait for a while before talking.

October 10st at 1pm.

Fei Chengyi, CEO of Galaxy Mining Group, attended the press conference.

At the press conference, when asked by foreign reporters that Galaxy Mining Group did not sell rare earth resources, it gave an explanation.

"That's a good question. There are indeed some reasons why Galaxy Mining Group does not sell rare earth resources."

“First of all, our company believes that the reserves and production of rare earths are very small and they are very precious. However, before this, rare earths have been sold at a penny-pinching price. This is unreasonable and has caused huge losses to China! Our Galaxy Mining The purpose of the group's existence is to solve this problem and control the bargaining power of rare earth resources!

After 1990, my country built hundreds of rare earth factories and exported rare earths in large quantities. The United States is a thief, because we do not have the pricing power for rare earths, so rare earths can only be exported at low prices. The United States buys our rare earths in large quantities and reserves them while using them. It plans to consume our rare earths before turning around and selling them to us.

Doesn’t the United States have rare earth mines? The fact is that the Mountain Pass Mine in California was once the world's largest rare earth mine, with reserves sufficient to last the United States for 280 years!

In addition to the United States, Russia, Australia, Canada, and Brazil also do the same. They all pay attention to protecting their own rare earth resources and close their own rare earth plants. Our country occupies 36% of the global trade market share with 80% of rare earth reserves, but the price is so low, which is completely unfair treatment. "

"Secondly, the Western world deliberately blocks rare earth refining technology from China. Therefore, our country's rare earth refining technology is very poor, the output is low, and it is not enough for our own use. Of course we will no longer export it." Fei Chengyi teased, don't you like blocking technology? I just use technology as an excuse not to export rare earths.

Besides, raw rare earth ores are not as valuable as purified rare earths.

Galaxy Mining Group will change its rare earth management policy and will no longer sell rare earth raw ores to external parties in the future.

Galaxy Mining Group has no shortage of foreign exchange earned from exporting rare earth raw ores.

The value of purified rare earths will increase several times.

Xu Guangxian, an old Chinese scientist and "the father of China's rare earths", has been diving into the research of rare earth separation and purification technology since 1972. Faced with unprecedented and difficult subjects and strict technological blockade by Western countries, Xu Guangxian has been working for decades and has conducted thousands of experiments alone.

At this time, Galaxy Mining Group has invested in Academician Xu Guangxian's research on rare earth separation and purification technology, striving to speed up the research and development of rare earth purification technology.

However, even after the rare earth purification technology is developed, Galaxy Mining Group will limit the export volume of rare earths and purchase rare earth raw ores from abroad as much as possible. Although China's rare earth reserves rank first in the world, it accounts for 80% of the global supply. At this rate, China's rare earth mines will be mined out in about a hundred years. The reserves of medium and heavy rare earths can only last for forty or fifty years. In other words, by around 2040, we, the largest country in rare earths, may need to import rare earths from abroad to meet demand.