Chapter 266: Mineral Suppression
The banquet was fluid, with a row of crystal cups neatly displayed on the long table in the venue, as well as sweet and delicious cakes.
Of course, at this time, everyone is wandering around looking for a partner, and the act of eating is almost impossible to happen.
Alexander Huttar and Viktor Viyk were also called away by other friends after chatting with Xu Yuan for a while.
And just when Xu Yuan was thinking about whether to find an interesting-looking circle to join, a middle-aged man led a young brown-haired woman, but he took the initiative to walk over to him with a smile.
"You must be Mr. Xu Yuan, am I right?"
The shiny suit and leather shoes, with slightly wrinkled cheeks, look very impressive.
As for the woman standing beside him, she had wavy brown hair, and her purple-gold evening dress set off her beautiful figure, and she looked like a very attractive woman.
"Who are you?" Looking at him, he asked suspiciously.
"Darren Ambrose, we're kind of a partner." Darren raised his wine glass with a smile and clinked glasses with Xu Yuan.
Partners? Xu Yuan was stunned for a moment, he really didn't remember that he had this partner for a while.
However, Darren was keenly aware of the confusion in Xu Yuan's eyes, and added with a smile.
"It seems that Mr. Xu Yuan doesn't like to study the shareholder composition of his partners, and he is one of the shareholders of the Special Mining Group."
Earlier, Yuanying International Group and Tekuang Mining Group signed an import agreement for iron ore and aluminum ore.
Although later, due to the establishment of Yuanying Mining by Yuanying International Group, there was a huge technological breakthrough in seabed mining technology, and the ore mined from the seabed solved the iron ore demand of Yuanying International Group, so the iron ore agreement with the other party was terminated.
However, in terms of aluminum ore, Yuanying International Group still relies on imports from the Special Mining Group.
Hearing this, Xu Yuan immediately showed a sudden expression.
"It turned out to be Mr. Darren, sorry, disrespectful."
didn't care that Xu Yuan didn't recognize him, Darren smiled and continued to introduce Xu Yuan to the female companion next to him.
"This is my daughter, Luna Ambrose."
"It's a pleasure to meet you, Mr. Xu Yuan, I'm a big fan of Source Technology." Luna smiled and held out her hand.
Although he was slightly surprised, Xu Yuan's face did not show it, and he just held her hand very politely.
"Hello, Miss Luna, I'm honored that Source Technology can satisfy you."
"Haha, my daughter is full of curiosity about your legendary experience, and you young people can talk more about it when you have the chance." Darren squeezed his eyebrows at Xu Yuan and said in a relaxed tone.
Hearing this, Xu Yuan couldn't hear the hint in Darren's words.
It's just that after only three or two sentences, he began to talk about his daughter, which really made him a little embarrassed.
However, unfortunately, Xu Yuan is not interested in his daughter.
"Where there are any legends, it's just luck." Xu Yuan said modestly.
"Please don't say that, Mr. Xu Yuan, it will frustrate 7.5 billion people, because there is one lucky person here who can be nominated by Forbes Fortune just by luck." Bright red lips pursed slightly, and Luna smiled.
Xu Yuan made a gesture to express his helplessness that he was telling the truth, but no one believed him.
However, in the eyes of Darren's father and daughter, this gesture has become a self-mockery to ease the atmosphere.
After some pleasantries, perhaps sensing that Xu Yuan was not interested in her, Luna politely said goodbye to Xu Yuan, leaving time for the two who were ready to talk about business.
Darren was not surprised by the departure from his daughter.
Obviously, he also saw that Xu Yuan didn't mean this, so he didn't have any reluctance, but continued to chat with Xu Yuan vividly.
The conversation quickly returned to business.
"Speaking of which, why does Mr. Xu keep holding his shares so tightly, if Yuanying International Group is listed in the United States, there is no doubt that you will become the richest person in the world." Darren sighed.
"Because I'm optimistic about the group's prospects, I believe it brings me much more wealth than just going public." Xu Yuan smiled.
"But wouldn't it be faster if you cooperated with other like-minded people?" Darren asked rhetorically.
"Mr. Darren thinks that my Source Shadow International Group is developing very slowly?" Xu Yuan asked rhetorically in a joking tone.
Darren was stunned, then laughed.
"It is also said that Mr. Xu's company has not even had a shortage of funds since its operation, which is really admirable."
"It's over." Xu Yuan smiled and said modestly.
"May I ask a question?" Darren said suddenly.
"Of course, if I can answer." Xu Yuan said with a smile.
"Whether it's a baby, or a virtual helmet now, your company can always come up with good things that are favored by the market, as well as that weight loss mixture, as well as seabed mining technology, and the recent rocket plan, I wonder what is the next field you are going to enter?" Darren asked curiously.
"Maybe it will go deeper in the field of virtual reality, or it may invest in manned spaceflight, because I'm very interested in space, and I don't know why Mr. Darren is asking this?" Xu Yuan asked in a relaxed tone.
"So as not to accidentally become your competitor." Darren shrugged helplessly and looked at Xu Yuandao,
"Because of your company's virtual reality project, most of the listed companies related to the production of virtual reality equipment have fallen from the cloud to the bottom, and almost all investors who have come into contact with virtual helmets through Internet cafes have no doubt that their investment in virtual reality projects has been lost, do you say I dare to touch you?"
"I'm sorry about that." Xu Yuan said with an insincere tone.
"Haha, don't apologize to me, I've never poured chips into the frontier of technology. In terms of investment philosophy, Hutar and I are on the same page. Darren said with a shrug of his shoulders.
After a pause, Darren took a sip of champagne and asked.
"I don't know what Mr. Xu Yuan thinks about the resource industry?"
"Supply exceeds demand."
"That's right," Darren smiled and nodded, "Just two days ago, the Special Mining Group disposed of two loss-making iron mines in Singapore, and other resources other than rare earths are more or less facing a downward trend, and the market demand is limited!" β
Speaking of this, Darren suddenly looked at Xu Yuan meaningfully.
"You say, if at this juncture, there is a technology that can cut the cost of extraction and bring previously unexploitable deposits into the scope of exploitation, what will be the impact on the already sluggish resource extraction industry?"
"You mean, some technologies are too far ahead of their time?" Xu Yuan said thoughtfully.
"That's right." Darren nodded, "It's like mature deep-sea mining technology. β
Xu Yuan's pupils contracted slightly.
"Because you have made a breakthrough in the field of deep-sea mining, the current downward rate of the ore futures market has increased significantly, in order to maintain the stability of the market, our mining giants have also made some efforts, of course, the key to solving the problem is still on you."
How many mineral deposits are there in the seabed? If Yuanying Mining makes a leapfrog breakthrough in this regard, investors' expectations for seabed mining will undoubtedly heat up.
How many resources are there in the seabed? I'm afraid that no one knows except Xu Yuan, who has obtained a map of the distribution of proven mineral deposits around the world.
However, investors are inherently imaginative, and they will use their best ideas to prove their opinions.
"If I'm not mistaken, the cost of subsea mining at Yuanying Mining shouldn't be very high, and the production is quite impressive."
The expression on Darren's face obviously didn't look like he didn't understand anything, and there was obviously no point in concealing it at this time, so Xu Yuan didn't hide it.
"Well, you guessed it right."
Labor costs are only the salaries of the few employees who are stationed on offshore platforms, and the subsea equipment is powered by ocean current generator sets, and maintenance costs are almost negligible.
"That's pretty much the same as my analysts have come to conclusions." Darren smiled and nodded.
"The global ore market is already in jeopardy, and it is no exaggeration to say that if iron ore prices continue their current downward trend, more than 50 mining companies around the world will face bankruptcy by the end of this year, which may be beneficial to us in the short term, but we are also dangerous in the long term, so I hope to solve this problem by taking a step back."
"So what is your proposal?" Xu Yuan asked with interest.
"We hope that you can influence the decision of the presidential office to raise the mineral export tax by half or 50% in the next five years to restrict the export of domestic mineral resources." Darren whispered.
This sentence was beyond Xu Yuan's expectations.
Originally, he thought that Darren would propose to acquire the technology of Source Shadow Mining, but he didn't expect him to mention this matter, and just put forward such a proposal that was not painful for Source Shadow Mining.
"But what's in it for me?" Xu Yuan asked rhetorically with a smile.
"Of course, we will not let you do it in vain, I am willing to provide you with a valid supply order for iron, aluminum, copper and other ores within five years, at 80% of the current market price of mineral resources."
For the special mining group, this is indeed a big step back.
"Is it possible to delay the advent of new technologies with the power of capital?" Xu Yuan said meaningfully.
"You can interpret it as paying enough to delay the launch of this technology, which is not good for the market as a whole in an environment of low demand." Darren said seriously.
Having said this, Darren has made the attitude of the Special Mining Group very clear.
Of course, Xu Yuan would not be naΓ―ve to think that they would honestly solve problems through market competition.
With so many minerals in more than a dozen different countries around the world, they must not be underestimated in terms of their investment in politics.
The reason why it was brought up was that it could be seen that they didn't want to clash head-on with the Source Shadow International Group, and they didn't even explain the subtext of the threat.
After all, Yuanying International Group is no longer the small shrimp it used to be, and its core industry is mainly in the Internet field, not in resource exploitation, and the two sides can still avoid unnecessary conflicts.
At this moment, Xu Yuan's thoughts were spinning quickly, weighing the pros and cons of this proposal.
Xu Yuan also does not want to clash head-on with these mining giants if he can.
Source Technology needs a relatively stable development environment to expand its business, and it is undoubtedly an unwise choice to make enemies for itself at this time.
didn't let him wait long, and after a moment of silence, Xu Yuan asked.
"May I ask about the supply?"
"It's up to you." Darren said generously.
Hearing this, the corners of Xu Yuandi's mouth raised a faint smile.
"100 million tons."
Hearing Xu Yuan's figures, Darren almost didn't squirt out the champagne he drank.
"Mr. Xu, I'm not kidding, even if all the steel mills in Qatar continue to operate for 100 years, I am afraid that these iron ores will not be able to be processed."
"You don't have to worry about it, you just say it's okay." Xu Yuan smiled.
With a frown, Darren hesitated for a moment, then nodded: "Up to 60 million tons, and you must guarantee that the ore I provide to you at cost price, you are not allowed to put these iron ores on the international market, which will be written into the contract." β
"Haha, no problem, then I wish us a happy cooperation." Xu Yuan raised his glass, and a mysterious smile crossed his face.
With the crisp sound of clinking glasses, this business worth tens of billions of dollars has finally settled.
Both parties had satisfied smiles on their faces, and it was clear that both sides had achieved the results they wanted.