The rise of nanometers

As for the pure aluminum powder sector, aluminum companies are paying attention, and there is also a huge supply.

The producers are Blue Star Mining and United Recycling. Blue Star Mining launched 600,000 tons of pure aluminum powder futures in November, while United Recycling launched 400,000 tons of pure aluminum powder.

Pure aluminum powder is actually a semi-finished product, no different from electrolytic aluminum. The current price of pure aluminum powder on the Dalian Exchange is 9,736 yuan/ton.

This price is a huge benefit for companies that deeply process aluminum products, but for bauxite raw material suppliers, it is a price full of malicious intentions.

As the world's largest bauxite importer, China's bauxite imports account for about 80% of the world's total bauxite production.

The main origins of imported bauxite are Australia and Guinea, and the main suppliers of bauxite and alumina are Rio Tinto and BHP Billiton.

He Ruidong, chairman of Chinalco, was also in the trading box, watching the traders operating the transactions.

"Mr. He, now the pure aluminum powder released by Blue Mine and United, the futures price in November has reached 1 million tons, do we want to grab it?"

He Ruidong made a prompt decision: "Grab, take as much as we have, and invest all the funds we can use."

The longest futures period for pure aluminum powder is the end of June next year, which means that Blue Star Mining and United Recycling have released a total of 8 million tons of pure aluminum powder.

There are two accounts for futures trading seats, one is a cash account and the other is a margin account.

Chinalco Group's account is a margin account. When purchasing futures, you only need to pay 30% of the margin, and the remaining 70% of the payment will be paid during the futures delivery period.

Of course, if the holder cannot make up the 70% balance on time, the exchange will directly determine the supplier to obtain the 30% deposit as liquidated damages compensation in the form of contract breach.

And if the holder does not want to take over the spot and does not want to pay liquidated damages, he or she can either find a takeover before the contract expires, or apply for an extension of delivery, but requires an additional 5 to 30% margin, which can be extended by 1 to 6 months. Delivery period.

The wealthy Chinalco invested 2 billion directly in its own trading account and bought 2.73 million tons of pure aluminum powder futures.

Weiqiao Group and Xinfa Aluminum consumed 1.87 million tons and 1.52 million tons respectively.

The rest was divided up by other aluminum companies, and the total transaction amount reached 78.3 billion. Fortunately, many companies have margin accounts and do not need to pay the full amount at once.

He Ruidong led people out of the Dalian Exchange and saw the ugly-looking Rio Tinto representative Belia Mathieu. He walked up to say hello with a smile:

"Mr. Beria, I really want to thank your company for rejecting Chinalco's investment. By the way, if Rio Tinto cannot continue to develop in the future, you can consider selling it to Chinalco."

"Haha..." Belia Matheson's face turned even darker.

Johnson Charles, the representative of BHP Billiton on the side, also had the same expression as the bottom of the pot, because BHP Billiton's bauxite and alumina are larger in scale.

"Haha, I'll excuse you." After He Ruidong laughed, he took the people away directly, feeling as happy as a spring breeze.

You know, in February this year, they and Rio Tinto initially reached a plan to acquire 18% of the shares for 19.5 billion yuan. However, in June, the cooperation between the two parties was canceled by Rio Tinto, although Rio Tinto paid 195 million yuan. Liquidated damages, but this is a huge strategic setback for Chinalco.

Looking back now, Ho Ruidong feels very lucky. If he had succeeded in acquiring 18% of Rio Tinto's shares, he would have suffered huge losses today and would have faced the impact of Blue Star Mining and United Resources.

Peter Ho could basically foresee what would happen to Rio Tinto and BHP Billiton, which was why he hurried back.

If these two companies suffer serious losses, Chinalco may be able to take advantage of the situation and seize the mineral resources of these two companies.

Watching He Ruidong leave triumphantly.

Beria, Charles, Juan and others looked at the scrolling prices of pure iron powder, pure aluminum powder, and potassium sulfate on various screens in the trading hall.

Through the accounts of several familiar small steel companies, they saw very horrifying data.

The pure iron powder sold by Blue Star Mining, United Recycling and Beijing Enterprises Resources in November futures alone reached 4.8 million tons, 2.71 million tons and 940,000 tons respectively.

Among them, Blue Star Mining, which has the largest increase in production, has pure iron powder futures in June next year, reaching 28 million tons.

These three companies will sell 243 million tons of pure iron powder to the market in the next eight months.

The younger Beria began to lose his composure: "Charles, what should we do? Is the other party deceiving us? Deliberately releasing so many iron fans. How about we apply for funds from the headquarters and transfer all these iron fans? Eat it?"

"No, if we eat these iron powder, if the other party continues to expand production and we are unable to digest so much, it will cause huge losses." Charles shook his head hurriedly.

Juan, who has been silent all the time, also feels bad. Vale's product types are not much different from BHP Billiton and Rio Tinto. Now bauxite, alumina, and potassium ore are basically a certainty.

As for whether the other party has so many loyal fans, he still has some sense. Trading on the Dalian Exchange has clear regulations.

If the supplier reaches the delivery period and fails to perform the contract as scheduled, it will not only be fined three times as liquidated damages, but will also be directly disqualified from trading and banned from listing on the Dalian Exchange for life.

If spot delivery cannot be made, the credibility of the Dalian Exchange will plummet instantly.

Although Juan hoped that Blue Star Mining would not be able to produce so many iron fans, his reason told him that the other party would not joke about such a thing.

Feeling helpless, Charles said in a low tone: "Let's report it to the headquarters! We have no way to make a decision on this kind of thing."

"OK!" Beria patted his forehead: "Fake Squid!"

They had not taken Suiren Company and the Steel Association seriously before, but they did not expect that the slap in the face would come so quickly.

And this is no longer a slap in the face, but a direct trampling on them. Faced with the crushing of Blue Star Mining, they have no power to resist.

In the trading box.

Chen Guangrong, Ding Lixing and others, as well as Baosteel's traders, are frantically buying into these futures. Anyway, if Blue Star Mining dares to increase the volume, they dare to buy it.

If Blue Star Mining breaches the contract, Suiren, a large company with a large industry, will also have money to compensate.

Moreover, Chen Guangrong believes that Suiren Company will not gamble hundreds of billions in liquidated damages. These iron powder must exist, or Blue Star Mining can produce it in the future.

Looking at the 35.7 million tons of pure iron powder taken down, Chen Guangrong turned his head and ordered: "Li Xing, the cooperation negotiations with Vale must be delayed. There is no need to be too anxious to reach an agreement."

"Understood, I will definitely drag on the negotiation." Ding Lixing understood.

Vale's life will definitely not be good in the coming period. If it cannot cope with the impact of Blue Star Mining, the consequences may be catastrophic.

Although Baosteel is a state-owned enterprise, it still has some basic common sense when it comes to doing business.

In the current situation, it would be foolish to offer help in times of need. The most correct approach is to add insult to injury and take the opportunity to tear off a piece of flesh from the three major international mining groups.

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