It is precisely because the domestic gallium metal price is so hot that those large domestic mining group companies have also begun to invest in gallium ore extraction.

For many large mining companies, if they want to extract before, they have to invest a huge amount of money to establish a production line that meets environmental protection standards, and because gallium is an associated mine, and the content is not high, reaching 2% of the content is considered a rich ore, so the extraction of gallium has become a "chicken rib", tasteless food, and it is a pity to abandon it, resulting in many large mining groups are not willing to invest money in extraction, which is also an important reason why the scale of gallium companies in China is generally not large.

In the past, there were not many large-scale enterprises in domestic gallium ore production enterprises, and many enterprises only had an annual output of 3, 4 tons or even 1 ton. Enterprises with an annual output of more than 20 tons are considered large producers of gallium, mainly exported to many countries.

Longyuan Rare Earth Technology Co., Ltd. seven years ago was also less than ten tons, when Huaxing Group began to increase production in 04 years ago, especially the gallium nitride R&D center in the gallium nitride large-size gallium nitride ingot preparation process is a straight line of production.

Huaxing Group plans to increase the output of gallium nitride materials to thousands of tons within five years, that is, the supply of gallium metal of Longyuan Rare Earth Technology will increase by more than 100 tons every year, in order to achieve this goal, Longyuan Rare Earth Technology Company has also decided to establish the world's largest gallium metal production base in Inner Mongolia, almost to invest billions to complete the construction of this base.

However, once this project is completed, Huaxing Group will not worry about gallium metal resources for the next few decades.

For this reason, Xue Baohui also accompanied the representatives of the local government and the central government in Inner Mongolia a few days later to inspect the Huaxing Group Company.

After the details of the cooperation were negotiated, the contract was also signed.

Yang Jie then inspected and visited this super-large gallium deposit and rare earth deposit mining area.

When he inspected the mining area, Du Yunlong also rushed to report to him the latest situation - Lehman Brothers in Eagle Sauce China declared bankruptcy!

The news of the bankruptcy of these giant companies suddenly seemed to put several bombshells into the domestic stock market of Eagle Sauce, and the stock market of Eagle Sauce suddenly fell and was hit hard, and at the same time, the financial markets of Western countries were also impacted, and a large number of international funds suddenly withdrew from Eagle Sauce's domestic market.

Yang Jie knows that the Western world has been the first to taste the consequences of the neoliberal economicism that has prevailed since the 80s.

Eagle Sauce's domestic real estate giants have fallen, and Wall Street's major investment houses are also immortal and crippled, this mess can only be borne by all the people in Eagle Sauce's country, and where are those big chaebols willing to pay out of their own pockets to smash money into this bottomless hole?

The federal government also launched emergency rescue measures at this time, from a technical level, the Eagle Sauce government is already bankrupt, there is no money to save the market, and the means available are very limited, and the only way to borrow money from other countries is through the issuance of government bonds.

At present, the number of countries in the world that hold a large number of foreign exchange reserves is very small, especially the rabbit holds trillions of dollars in foreign exchange reserves, which the rabbit has accumulated through exports in recent decades.

In addition to the neon country, which also holds more than 1 trillion foreign exchange reserves, the top 10 foreign exchange reserves, and the other countries basically have hundreds of billions of dollars in their hands.

However, the foreign exchange reserves of these countries are basically operated in the form of gold or bonds and stocks, and many of them cannot be withdrawn immediately.

In other words, the rabbit now has a lot of foreign exchange cash in his hands, more than any country!

For this reason, at the same time that Eagle Sauce issued hundreds of billions of dollars in treasury bonds, Secretary of the Treasury Department Paulson also went to Yanjing City two days later to meet with high-level officials to communicate and lobby, and asked the high-level to buy the bonds issued by Eagle Sauce.

Lehman Brothers, founded in 1850, had a history of 157 years and was one of the five largest investment banks in Eagle Sauce.

A year ago, a subprime debt bomb dragged Eagle Sauce Real Estate and Wall Street into the abyss.

A few months ago, after Bear Stearns was acquired by JPMorgan Chase, Lehman's share price, which had placed most of its investment in commercial real estate, continued to fall.

The crisis could not have spread to Lehman, which held very little subordinated debt and had already sold off decisively.

But the crazy rise in housing prices has made everyone lose their minds. Banks start lending to customers who are not eligible for loans; Financial institutions in turn packaged these loans into bonds and financial products that were sold through investment banks, and Lehman was no exception.

Lehman Brothers' funds, which hold more than $30 billion in commercial real estate and residential properties, will collapse as soon as someone shorts the company's stock due to the use of financial leverage to issue short-term bonds to financial institutions at the time of acquisition.

Of course, Yang Jie also learned that Lehman Brothers had formed a secret team in order to clear mines, and was ready to split and package these assets into a new company, and the name of the company was decided.

But who would have thought that just a few months later, Eagle Sauce's stock market would continue to fall, and Lehman Brothers would finally be unable to stand it.

Lehman Brothers, which has a debt of more than $610 billion, simply has no ability to repay these debts!

Lehman Brothers originally wanted to keep their bank, and for this reason, they also discussed the acquisition with Eagle Sauce Silver, but it was refused.

In the meantime, Lehman Brothers also sought help from the Federal Savings Bank, which failed to stealthily bail out financial institutions, and the Federal Savings Bank also rejected their request, and the latter also decided to choose a reckless institution with enough influence to deter the market, and voluntarily gave up all potential promises to it, so that it would completely collapse, so as to warn all market participants not to have illusions anymore, and Lehman Brothers was the target of this operation.

Of course, the plan for the spin-off of Lehman Brothers also wanted to be taken over by a consortium from South Korea and Neon Country, but these consortiums refused.

Lehman Brothers even sought out the Adam Cohen family and Guanghua Bank, but they all refused, and the only savior, Barclays, also gave up the acquisition.

Before Lehman Brothers went bankrupt, the Eagle Sauce Treasury Department also convened a meeting of the CEOs of more than a dozen investment banks on Wall Street to discuss the fate of Lehman Brothers.

Paulson pointed out that unless a buyer can be found for Lehman Brothers before the stock market opens on Monday, the only way to go out of business is to fail, but the federal side will not guarantee anyone's purchase of Lehman Brothers.

In the process of assessing Lehman Brothers' assets, these CEOs realized that not only could they not save Lehman Brothers, but that their own empire could collapse next.

At a late night meeting in the business conference room of the Four Seasons Hotel, a joint working group of Goldman Sachs and Credit Suisse appointed by Paulson worked together to calculate the value of Lehman Brothers' assets, and the final result was that Lehman Brothers' assets were worth less than half of Lehman Brothers' $30 billion in assets on paper.

These Wall Street giants didn't want to pay the money, but in this meeting, Merrill Lynch quietly completed the acquisition negotiations with Eagle Sauce Bank and kept his bank.

Eventually, Lehman Brothers declared bankruptcy without funding from other conglomerates and with the help of the government.

After Lehman went bankrupt, the Eagle Sauce stock market was the first to be seriously impacted, and the Dow Jones Industrial Index plummeted by more than 800 points on the day it was declared bankrupt, and the Dow Jones Industrial Index plummeted from a high of 11,429 points to a minimum of 8,470 points in less than half a year!

The global financial market and the real economy have been severely impacted by the collapse of Lehman Brothers, the subprime mortgage crisis has escalated greatly, and the two giant companies have become the protagonists.

Because the global market has seen the huge impact of Lehman Brothers' bankruptcy, Eagle Sauce is also determined to protect the housing of Rimae and Freddie Mac, and immediately announced that the government will take over the two real estate giants.

This led to Paulson's trip to China.