Chapter 846: It's time to take action against Philipp Brothers

'Elena, when you go back, ask your father if he is willing to do more copper futures and aluminum futures together, and acquire spot contracts for copper and aluminum. With your family's connections, it will be easy to buy spot contracts from major mining companies in the UK.'

'If your father is not confident, you can tell him the truth. This time I am absolutely sure to win. I have mobilised more than ten billion US dollars in capital, and if there are any unexpected circumstances, I can raise another ten billion US dollars from major banks within a week. This is enough to control 60-70% of the global copper and aluminium futures markets, so there is no way we can lose!'

Xia Yu looked at Elena and said with certainty: 'If there is an emergency, we can raise another ten billion US dollars from major banks within a week.

This is enough to control 60-70% of the global copper and aluminium futures markets, so we can't lose!' Xia Yu was also very vague when it came to money, leading people to think in terms of major banks. If Elena reported everything to her father, Duke Carter Howard, the latter would only be able to marvel at Xia Yu's strength and pay more attention to him, but other than that, there was nothing else they could do but speculate.

Let's talk about the rare metals market.

Copper and aluminium are not like gold and silver.

Although gold and silver are also used in industry, the quantities used are not large, and they are mainly used as reserve metals. Moreover, the annual mining of these metals will lead to an increase in global reserves.

Therefore, trading gold and silver futures can take a long time and involve high risks. Previously, the Hunt family of the United States manipulated silver futures and held nearly 70% of the market's spot silver for a time, but they were defeated by American women brandishing their silver jewellery.

In later generations, the 'Auntie Hua' of China also caused huge losses for financial giants shorting gold futures, which shocked the world.

But copper and aluminium are different!

American women and Chinese grandmothers are not stupid enough to spend money on buying a bunch of copper and aluminium and just leave it at home.

Copper and aluminium are mainly used as industrial raw materials and are essential in industry. They are consumed in particularly large quantities and, once used, are rarely recycled for secondary use.

Therefore, if Xia Yu can buy 50% of the world's copper and aluminium, it will pose a greater threat to the market than the Hunt family buying nearly 70% of the world's silver.

After all, although factories will stockpile a certain amount of raw materials for stability, they will never stockpile a large amount of raw materials for capital turnover. Generally, it is good to stockpile enough for one or two months, and only a small number of capital-rich giants will stockpile more than half a year's worth of raw materials.

As long as Xia Yu keeps the spot metal copper and spot metal aluminium from being sold, the copper and aluminium materials on the market will definitely be in short supply. Even if the major mining companies in the world want to increase production, they can't even think about expanding production lines for more than half a year, and they simply cannot solve the short-term market demand problem.

By that time, the global prices of copper and aluminium will be rising like crazy, and the futures market will be affected by the soaring prices. Every short seller will lose money.

Of course, factories around the world that need to use copper and aluminium will also have a hard time. With the cost of raw materials rising, the cost of industrial products will also rise. In order not to go out of business due to losses, major factories can only raise the price of industrial products, which will in turn cause chaos in some of the global industrial product markets and have a huge impact on the economy, with unpredictable consequences.

It's like the future. The price of apples in the market was quite stable at around 3.5 yuan, but unscrupulous futures traders joined forces to speculate on apple futures, buying apples from one cold storage after another without selling them. Although some varieties of apples have been ripe since July, the quantity is not large, making apples in short supply. The price increases at each layer of the supply chain, and by the time it reaches the consumer, the price has risen to more than 10 yuan per pound. When the pain of eating apples becomes unbearable, the futures traders sell the spot goods at a high price little by little.

When the time comes for the apples to be released on the market, they will be sold at a high price to major distributors, and the futures market will also be abandoned. The speculators will sleep comfortably with their money.

When the large quantities of apples and cold-storage apples are released onto the market together, it leads to oversupply in the apple market and a sharp drop in prices. Apple growers cry as they cannot sell their apples, and distributors who bought them at high prices have to sell them at low prices, suffering heavy losses and losing the ability to restock. The entire industry chain is in chaos.

The impact doesn't end there. Autumn is the season when a large number of fruits come onto the market. Fruits that can replace apples, and because apples are cheap, have caused consumers to give up buying navel oranges, tangerines, persimmons and other fruits and switch to buying apples. The navel orange, tangerine and persimmon markets have suffered a blow, and the corresponding growers and dealers are also suffering.

Fruit farmers' incomes have decreased, the market has been impacted, money circulation has slowed, and national tax revenue has been affected.

From this perspective, apart from the market manipulators who make a fortune by manipulating the market, everyone else, be they short sellers or members of the entire market chain, are all out of luck and bear the consequences of the market manipulators.

This is also the reason why grain merchants and salt merchants who hoarded goods and profiteered were beheaded in ancient times.

In modern times, hoarding and profiteering are also illegal.

But there's nothing we can do about it. Money is the root of all evil. Capitalists are willing to sell the rope that will hang them for the sake of money. Market manipulation is just a minor offence. As long as the various layers are hidden properly and there is no conclusive evidence, who can do anything about the capitalists?

This is both ironic and sad.

Xia Yu's actions are the same today, but whether he can keep his integrity and offset the adverse impact on the world with his contributions to Chinese society depends entirely on himself.

Back to the topic.

As for whether the short seller will also buy spot copper and aluminium,

if Phillip Brothers and Salomon Brothers really do this, Xia Yu will definitely applaud and welcome them warmly. There is no reason for Xia Yu to stop the short seller from stabbing himself in the back.

Hearing the figures mentioned by Xia Yu, Elena was shocked. Even though she has seen the Bright Fund manipulate capital of more than a few billion dollars, she was still shocked to hear that Xia Yu is still confident in mobilising 10 billion or even 20 billion dollars.

At this moment, the gradually clear image of Xia Yu in her mind seemed to be covered in a layer of mist, exuding a fatal attraction that drew her in to explore further.

The more curious she became, the deeper she would fall.

Looking at Xia Yu, who was smiling faintly, Elena returned to her senses, her face flushing. He took a deep breath and nodded seriously, saying, 'Xia Yu, don't worry, I will definitely talk to my father when I go back, and I will convince him.'

Xia Yu nodded with a smile, 'Well, Elena, thank you.'

'This is what I should do, isn't it?' Elena winked with her beautiful eyes and said playfully with a smile.

'Haha, Elena, do you know that you are very cute in times like this?'

Xia Yu said with a smile, and couldn't help but scratch Elena's delicate nose with his finger.

A blush immediately crept up Elena's neck, and a light blush appeared on her pretty face, which added a few more beauties, making Xia Yu's eyes light up and a little bit excited.

Unexpectedly, at this moment, Elena panicked a little, and said, 'I'll go back to my room first,' before disappearing like a scared child down the stairs.

Xia Yu shook his head with a smile, and muttered to himself, 'Am I really that scary?'

'But there's still plenty of time. It's more interesting to take things slowly. No rush, no rush...'

The next morning, Xia Yu deliberately took the morning and noon time off, and ignored Elena's repeated refusals, accompanying her as she explored New York.

During this time, they went to Liberty Island in the Hudson to see the Statue of Liberty, and also went to Broadway to see the Wall Street Bull, which represents New York's financial industry. They also passed by Times Square and Central Park, and went to Fifth Avenue in Manhattan, which is known as the 'Dream Street' and is home to the most luxurious boutiques in New York...

In the afternoon, Xia Yu only sent the reluctant Elena on board, waving goodbye as the Boeing 747 passenger plane flying to London soared into the blue sky.

'Boss, where are we going next?'

Li Wuming asked after seeing Xia Yu take his eyes off the plane.

Xia Yu looked at the time on his watch, a flash of thought in his eyes, and said, 'Let's go to the New York branch of Jiuding Securities!'

The Philippe Brothers Company is coming on strong, and many media are blowing their horns about it, while disparaging the Galaxy Fund.

Before preparing to launch an offensive, it is not Xia Yu's style to ignore such a good opportunity!