The first to take action were China's domestic private iron and steel enterprises. The three private steel giants, Shagang Group, Jianlong Iron and Steel and Zhongtian Iron and Steel, all approached Explorer Mining, and after negotiations, they all left orders for at least five million tons of iron ore.

As private enterprises, even if these three steel groups are among the top 20 domestic steel companies, their development in China is suppressed by a certain amount of time. In particular, Jianlong Group also experienced the Yongcheng Jianlong incident in 2004 and the Tonggang Jianlong incident in 2009. Although Jianlong did not repeat the mistakes of Tieben's death, these two incidents dealt a very heavy blow to Jianlong Group, in the Yongcheng Jianlong incident, Jianlong Group paid to give up the controlling stake in Yongcheng Iron and Steel Group, and in the Tonggang incident, Jianlong Group directly withdrew.

It can be said that in the competition with those state-owned iron and steel enterprises, these private iron and steel enterprises are congenitally at a disadvantage. As a result, it is much more difficult for them to obtain resources. Not to mention the domestic iron ore, it is foreign, and it is also desperately squeezed by the three major iron ore giants.

Now, with Yang Peiqi's explorer mining as a way out, how can these private steel companies not take decisive action?

In the past 2011, China imported more than 680 million tons of iron ore, almost half of which was imported from Australia, which means that nearly 300 million tons of iron ore were purchased from Rio Tinto and BHP Billiton. For these private iron and steel enterprises, if they want to develop smoothly, they must first solve a problem. It is the source of high-grade iron ore, as long as this problem is solved. Enterprises have no worries and can rest assured that they can boldly develop production.

So, after learning that Explorer Mining has a super large iron ore mine in Australia with total reserves of 10 billion tons. These private iron and steel companies immediately sent important personnel to Modu to sign long-term procurement contracts with Explorer Mining. Through these contracts, several private steel giants purchase 20 million tons of iron ore from Explorer Mining every year.

In mid-March, the media began to hype that several major domestic private steel giants had signed a contract with Explorer Mining Company for the purchase of 20 million tons of iron ore per year, which was valid for 10 years, and still had the right of priority to sign the contract after 10 years.

When this news came out, the shock caused by it both domestically and internationally was quite large, although this amount was less than four percent of the total amount of iron ore imported by China each year. But the news still upsets many foreigners, because they see signs that China's iron ore imports are about to break away from their control.

Among them, the Japanese were the most direct, and they began to shout that the Chinese were going to expand their armaments and war, and began to manufacture tanks and warships on a large scale, and began to manufacture aircraft carriers on a large scale, otherwise there would be no need for so much high-grade iron ore.

The reason why the Japanese are so fierce is that they are the real controllers of the international iron ore industry today. Among the three major iron ore giants, the Japanese own a lot of shares. It has a lot of say in its hands. This is also the reason why the Japanese have repeatedly taken the initiative to increase the price of iron ore in recent years. Because the price of iron ore has risen, the Japanese, who own a large number of shares in the three major iron ore giants, make more money, and then give the profits to Nippon Steel when the iron ore is traded.

It's just that. In such a trade, the one who suffered the most losses naturally became the Chinese side that imported the most iron ore.

Now. A Chinese mining company has discovered a high-grade iron ore mine with reserves of up to 10 billion tons in Western Australia. This is likely to break the pricing power of the three major iron ore giants on international iron ore prices. Such a result is obviously unacceptable to the Japanese.

For the clamor of the Japanese. The response from the Chinese government was muted. First, the Chinese government does not believe that the emergence of an explorer mining can completely change China's passive situation in the iron ore trade, and at the same time, as a beneficiary, there is no need for the Chinese government to react violently.

However, the international community is still a little worried about this, and Obama made a special phone call from the White House, contacted the same chief, conducted in-depth exchanges on the current Sino-US relations, and said that he would strictly abide by the one-China principle and would not support any unilateral attempt by Taiwan to act independently.

In addition to the Japanese, the international iron ore giants are also worried, especially Rio Tinto and BHP Billiton, for their own home next door suddenly appeared such a large inexplicable competitor, and this competitor was still not looked at by them a short time ago, such a situation made them feel a little sudden, but also for their construction to start selling behavior is very confused, I don't know how they got such a big order, Why would the Chinese agree to such conditions?

And, where exactly is the bottom of their iron ore prices? If it weren't for the ultra-low price, it is estimated that the Chinese people would not have signed such a long contract, right?

Regardless of what Rio Tinto and BHP Billiton think of Explorer Mining, Explorer Mining has already begun to promote its company with much fanfare.

International investors from all over the world have also found that the problems in this matter are not simple, especially the fact that Explorer Mining Company sold its iron ore before breaking ground, which is even more surprising.

Generally speaking, in the stock market, it is the investment with uncertain expectations that attracts a lot of attention and will also generate a huge impetus for stock price fluctuations, so everyone thinks that the stock price of this company called Explorer Mining will be surprising if it goes public.

Especially after Explorer Mining announced that it now has 10,000 square kilometers of exploration and mining rights in the Darling Ranges region, and has discovered an astonishing reserve of iron ore mines, the public and institutional investors have sought after Explorer Mining to an unparalleled level.

Now there is no doubt that Explorer Mining can make money, but in the analysis, after Explorer Mining goes public, or after it is put into production, how much income can investors bring.

Under this strong profit expectation, when Explorer Mining announced that it had acquired a company on the Hong Kong Stock Exchange and listed it, all investors went crazy. (To be continued......)