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Chapter 604 The Copper Throwing Incident

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    "Hehe, if you want to listen to me, I will introduce it to you, and I will treat it as a casual chat."

    Wang Yaocheng smiled gently and continued; "The world's bulk resources have always been in an oversupply situation, from soybeans and natural rubber to iron, copper, aluminum, tin and oil, cotton and sugar, etc., prices have been stable for decades.

    However, since China's accession to the WTO, the booming economy has brought about a massive demand for resources, prompting a rise in the field of international bulk resources.

    This watershed was in 2004. Before that, the price generally showed a steady and slight decline.

    After that, the prices of all bulk resource categories skyrocketed, showing a steep upward trend, especially since 2006, the prices of these bulk commodities in the international market have coincidentally soared, like a wild horse running wild.

    Crude oil rose by 151%, sugar rose by 121%, natural rubber rose by 157%, copper prices rose by 383%, aluminum rose by 92%, and iron ore rose by 69%.  A direct victim of price hikes.

    Now a kind of cognition has been formed internationally;

    What China needs, what will the international market rise?

    Jem Rogers, a well-known investor in Quantum Fund, wrote in the book "Hot Commodity Investment";

    China is consuming more goods than any country in the world.  This consumption rate is still accelerating. China has become the world's largest copper consumer, the largest steel consumer, the largest iron ore consumer, the largest cotton consumer, the largest soybean consumer and the world's second largest oil consumer.  Consumer countries, they have an almost inexhaustible appetite, and this prosperity can last at least ten years.

    ? On the London Metal Exchange, the copper futures price continuously crossed the $3,000 and $4,000 mark, and then rose almost vertically, reaching $8,000 in May 2006.

    You must know that at the beginning of 2002, the price of copper futures was only US$1,336 per ton, and at the beginning of 2004 it remained at the level of US$2,620 per ton.

    The reason why I say this is to give you a clear understanding of the field of bulk resources.

    Perhaps you have noticed that copper resources are the category with the most rapid increase, with an increase of 383%, but iron ore has the least increase, with an increase of only 69%. Is there any difference in this?  "

    Having said that, Wang Yaocheng imitated his father and took a sip of the teacup slowly, his crossed legs were quite frightened.

    Wang Guodong couldn't restrain the smile from the corner of his mouth, and said with a little resignation; "Okay, son, I know you are capable, so tell me what's the key here."

    Wang Yaocheng took another sip of tea carefully, and Chen Xiulian who was sitting next to her couldn't help laughing;

    These two men can pretend to be together, the special kind.

    Slightly embarrassed, Wang Yaocheng continued to explain to his parents;

    "Most of the copper and iron ore resources urgently needed for China's economic development are in the hands of foreign mining giants, especially the contradiction between the demand for copper is the most acute, and the price jumps up and down like a monkey.

    The direct impact is that the interests of domestic enterprises have been damaged, and they have fallen into serious losses in the case of a sharp increase in product demand, and some township and village enterprises with weak strength have closed down one after another.

    In response to this situation, the State Reserve Copper Incident that occurred in November 2005 can be seen as a head-on confrontation between international speculative funds and the State Reserve Bureau.

    The international media have reported on this peak confrontation between long and short sides, and it has been interpreted as a "money and goods war" and "bare shirtless", and the international critics have different opinions on this;

    ? Is the throwing of copper by the State Reserve four or two thousand gold or Jingwei reclamation?

    Can it be a late attack?

    Can having a gun but no bullets stop the madness of copper futures?

    ? Is Knocking the Mountain Shocking the Tiger overwhelmed?

    ? The State Reserve Throwing Copper Leads Back to the Pack of Wolves?

    It is reported that the final outcome of the "copper throwing incident" is not ideal. I have no intention of commenting on who wins and who loses here. It is just that the national reserve copper uses limited resources to deal with unlimited demand, which is destined to be not optimistic.

    The "copper dumping incident" sent a wrong signal to domestic operating companies. After a short-term price correction, the order was not ordered, and the value of the value was not maintained. The subsequent copper price continued to soar, which brought major financial blows and losses to the company.  , As a result, thousands of enterprises have closed down, and hundreds of thousands of industrial workers have lost their jobs.

    The crux of all this is that China has always been a copper-poor country, and most of the demand for the same resources needs to be imported."There are indeed difficulties, and they are not small."

    In front of his father, Wang Yaocheng didn't need to hide anything, he tapped the coffee table lightly with his slender fingers, and pondered for a while and said;

    "Compared with the complete facilities and business environment of the fmg project in Western Australia, the African iron ore project can be summed up in eight words;

    ? Backcountry, nothing.

    It is naturally very difficult to develop. However, we have just solved the problem at the government level. The entire construction project is undertaken by the Huaxia Tiejun, so there is no need to worry about their strong construction capabilities.

    The security aspect is borne by the consortium company. It cannot be said to sit back and relax, at least the security is still guaranteed.

    The biggest problem we face is the harsh natural environment and human environment. It is necessary to build a complete set of operating systems from scratch, from mine construction, railways, docks, communications, water supply and power supply, security and stability, and even the entire Honghe Xingang City.  Construction, everything depends on imports.  (Remember the site URL: www.hlnovel.com
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