Speaking of Glencore Group, many people may not know this company.

Glencore is a Swiss company founded in 1974 and headquartered in Baar, Switzerland. It is the world's largest commodity trader. Its main business includes: comprehensive commodity manufacturers and marketers, and is widely engaged in metals and minerals around the world.

Marketing, production, refining, processing, storage and transportation activities of energy products and agricultural products.

Since its establishment in 1974, Glencore has completed its glorious journey from a fledgling but radical Swiss oil trader to a giant in the entire global commodity industry chain in just 30 years. Glencore’s business projects

It covers everything, including grains, metals, oil, arms, sugar, etc.

For those who are engaged in commodity trading, Glencore is an admirable existence. If we make a simple analogy, Glencore’s impact on the commodity trading industry is roughly equivalent to that of Goldman Sachs in the financial industry.

Express delivery plays an important role in the logistics industry.

However, the incident that made ordinary people familiar with the Canon Group should be the long-short battle between Lenny and Nickel in March 2022.

The London futures commodity nickel short-squeeze war has made nickel and Tsingshan Group a household name. Nickel is a niche species, and the public is not as popular as its downstream product stainless steel. However, such a niche metal almost made the world's largest

The domestic stainless steel and nickel production company Tsingshan Group "collapsed".

On March 7, Lunnickel staged a short squeeze, rising 72% in a single day. The next day, on March 8, Lunnickel continued to rise, with the largest single-day increase exceeding 100%. Within two days, the price of Lunnickel exceeded US$30,000 and US$40,000 respectively.

.....The eight integer marks of US$100,000, the maximum increase reached an astounding 500% or more.

At that time, Tsingshan Group held a short position of approximately 200,000 tons of nickel metal.

Based on a simple calculation based on this position, every increase in the price of nickel metal by US$10,000/ton means that Tsingshan Group will suffer a fluctuation of US$2 billion.

If we directly calculate based on the peak price of this surge of US$100,000/ton, Tsingshan Group may lose up to tens of billions of US dollars.

Originally, the Glencore Group had already secured victory, but at a critical moment, it reversed course. With the support of the State Reserve and Minmetals, Tsingshan Holdings not only won the long-short battle, but even took a bite out of Glencore.

In order to reduce losses, Caneng Group finally chose to negotiate with Tsingshan Holdings.

...

Caneng Group Futures Investment Department.

Liddy Loud had just returned from making a cup of coffee in the pantry.

Liddy Loud is the head of the metallic cobalt project and has been at the company for a few days because the war is not over yet.

Liddy Loud, who was already exhausted, immediately became energetic when he saw the K-line on the screen.

"Fu*C~" Liddy Loud threw the cup into the trash can and cursed.

At the same time, the staff of the same team reported: "Boss, the bulls on Wall Street have rebelled, and they have closed their long orders."

Due to the inability of the bulls to support Wall Street's rebellion, the price suddenly fell from 37,000 to 35,000. In a few seconds, Glencore lost nearly 500 million U.S. dollars.

"Add an order. Place an order quickly and stabilize the price first. Don't let it fall below 34,000. Those wolves have no goods. How dare they go short like this? I'll see how they deliver the goods the day after tomorrow." Liddy·

Lauder said excitedly.

It is less than forty-eight hours before the delivery day. The more short orders there are on Wall Street, the more they will make. Most of the goods on the market are in their hands. The rest are just needed by the market and no one will sell them easily.

goods.

In his opinion, Wall Street will lose everything.

Five minutes passed...

The price finally stabilized at 34,000, and there was an upward trend. Liddy Lauder finally breathed a sigh of relief.

It's one thing to be confident, but it doesn't mean he's not nervous. After all, this isn't a business worth a thousand or hundreds of dollars.

...

China...

The Kirin battery launch conference is about to begin.

Because Kirin Entertainment does not yet have a portal, the live broadcast room can only be placed on Kirin Facebook.

Nie Luren proposed the portal website three times, but Cao Mang rejected it all.

Because current portals can't make much money, and Qilin would offend many people by opening a portal, Cao Mang denied his request.

The tree is big and attracts the wind.

Maybe it will cause some trouble.

Isn't the current situation quite good? Everyone has food to eat, and everyone can eat well. Why make the situation a mess? Even if you want to do it, you have to wait until later.

There are so many users of Qilin, but I am still worried that the portal cannot be launched.

Although there are still ten minutes left before the press conference, there are already more than 80,000 people in the live broadcast room, but most of them are netizens who accidentally saw it.

"This function is so interesting. It can actually send my words to the video screen."

A barrage flew past the live broadcast room.

Um.

That's right.

It’s just a barrage.

Cao Mang released it in advance.

"Is the screen you see stuck?"

"It's smooth without any lag at all. Qilin's technology is awesome. Why not build an online movie website."

“I think we can go to Qilin’s official Facebook page to petition.”

"Yeah, every time I watch a movie, I have to go to an Internet cafe. I don't like going to Internet cafes to surf the Internet."

"Yes, yes, I don't like going to Internet cafes either. People in the Internet cafes stare at me lustfully."

"Ahem, are you wearing too cool clothes?"

"I'm a man..."

"Are your chrysanthemums inlaid with gold?"

"The strong men of Douzong are so terrifying."

...

It's not that Qilin doesn't want to launch a video website, it's that the current conditions are not suitable for this, mainly because the operator's backbone network is not good. After the operator's next network upgrade, Cao Mang will launch an online video website.

I believe that day is not far away, because the companies that Kirin and Huawei cooperate with have already won purchase orders from the three major operators.

While netizens were discussing in barrage, the time came to nine o'clock unknowingly.

Lu Guanghua walked from the audience to the podium.

"Welcome everyone to attend the Kirin Battery new product launch conference." Lu Guanghua said with a smile.

Although there was no one in front of him except the photographer, he didn't feel embarrassed at all but felt very natural.

For this day, Lu Guanghua often practiced at home until midnight. If she hadn't known that Lu Guanghua was going to give a speech, she would have thought that there was something wrong with Lu Guanghua.

"I believe everyone is familiar with lithium batteries. Lithium batteries are the greatest invention in the electronics industry. Now lithium batteries have been integrated into our lives, whether it is TV remote controls or mobile phones..." Lu Guanghua looked directly at
Chapter completed!