I bring technology to my hometown to get rich

Chapter 385 Interstellar Mining Alliance
"Yes!"

"The production is too large, so the price of ore is bound to plummet. The key is that even if it plummets, it will not be sold because the global market has only so much absorption capacity and cannot absorb so much ore."

"What can I do? I have borrowed billions to mine on the moon."

"It's the same for everyone. I have also borrowed tens of billions. If I can't sell it and can't get a good price, then I'm really finished."

The crowd was discussing in twos and threes in low voices, with their brows deeply furrowed.

To be honest, because our minerals have always been state-owned, we do not have enough experience in the field of mineral mining.

All they know is to grab land and occupy pieces of land and mines.

Now that Li Xiting said this, everyone realized that the mining of mineral resources is not as simple as just mining them. The more difficult thing is how to sell the mineral resources at a good price.

Especially when the output is large enough to affect the global mining market, it is not easy to sell it and get a good price.

If Li Xiting had not convened a meeting here for everyone to discuss this matter together, everyone would have died miserably when the problem was exposed later.

A huge amount of money was invested in it, but the mined ore couldn't be sold. Even at a lower price it still couldn't be sold, and that was the end of it.

"Mr. Li, what do you think we should do?"

Someone stood up and said.

"Yes!"

"We all worked so hard to go to the moon to mine, we can't lose everything."

"Let's all work together to figure out a way to solve this problem."

Others followed suit.

"The solution is simple!"

"That is, we must learn from OPEC and all of us must unite to form a common price alliance."

Li Xiting looked at everyone and said.

"Learn from Opek?"

"Form a price alliance?"

When Liu Fei heard this, he thought for a moment and nodded in agreement.

A pile of scattered sand has no power. Only when it is gathered together can it become a diamond and be indestructible.

“That’s why I’m proposing to form a price alliance.”

“There are several reasons for this.”

"The first is that we all have control over the mineral resources on the moon. The mineral resources on the moon are very rich, high-quality, high-yield, and easy to mine. Even if we transport them back to Earth, the mining and transportation costs are much lower than those of mineral mining on Earth today."

"The second point is that the mining of lunar minerals is just the beginning. In the future, we can look at the entire solar system. In the future, the resources we can control will be ten, a hundred, a thousand, or even ten thousand times more than we have now!"

"This also means that we should and must have the pricing power for these resources, but now the pricing power for these resources is in the hands of others."

“Whether it’s iron ore, copper ore, or any other resource, we have no pricing power.”

"But at the same time, we are the world's largest resource consumer. We consume 70% of the world's iron ore every year. But Australia can earn $40 billion every day by exporting iron ore to us!"

"But even though we are their largest buyer and the world's largest customer, we still have no say. They can raise prices if they want, or not sell to us if they don't want to."

When he said this, Li Xiting seemed very angry, which surprised Liu Fei.

"In addition, we are the world's largest importer of oil and copper. We consume 60% of the world's copper every year!"

"But just like iron ore, even though we are the largest consumer and customer, we have never had any room for bargaining. We always pay a huge price to buy these mineral resources."

"Now we have minerals from the moon, and in the future we will have mineral resources from the entire solar system. We will become the largest producer and consumer of mineral resources."

"There's no reason for us to continue to let others control the pricing power of this mineral resource, right?"

Hearing Li Xiting's words, everyone nodded.

Many of the people present are CEOs of resource-based state-owned enterprises, and they understand the hardships involved best.

Many times, even if we spend a lot of money to buy mines, oil wells, etc. overseas, we will encounter various difficulties and it is difficult to actually obtain the resources.

All the resources purchased from overseas actually cost a lot.

But there is nothing that can be done about it.

Development requires resources. We need oil, iron ore, copper ore, etc. to develop our economy.

So many times, even if you know you are being ripped off, you still have to endure it.

Obviously, we are the largest customer, but we don’t even have the right to bargain. We can only let others raise prices arbitrarily, stop production for us, etc.

I don’t know how many people have suffered losses, and my heart is filled with blood and tears.

"The third point, and the most important one, is the market!" "In the future, our ore output will reach the current output of mines on Earth, or even far exceed this output."

"We must not only meet the needs of our domestic market, but we must also compete for overseas markets."

"We will use cheap interstellar minerals to completely overwhelm the existing market, and ultimately firmly control the entire market and pricing power in our hands."

"Only in this way can we maximize our interests and enable our 14 billion fellow countrymen to use cheaper and better quality mineral resources!"

After hearing what Li Xiting said, everyone couldn't help but nod their heads.

Yes, that's how it should be.

We are not only the world's largest consumer, but will also be the world's largest producer in the future. The entire market and the pricing power of the market should be in our own hands, instead of continuing to swallow our anger and eat coarse food.

"I agree!"

"I also agree that we should work together so that we can control the market and the pricing power in the market."

"agree!"

Soon, more and more people expressed their support.

This is something that benefits everyone, and there is no reason for anyone not to agree or support it.

"Mr. Li, please give us a detailed charter on how this price alliance will operate."

"Besides, we all have different situations. How can we balance our internal interests?"

Some people thought about it and put forward their own opinions.

"Good question!"

"Let me tell you a few main principles here!"

"The first is to act in unison. Anyone who joins our price alliance must uniformly increase or reduce production capacity in accordance with the requirements of our alliance."

"When we need to compete with others for the market and attack our rivals, we will raise or lower prices uniformly to crush them."

"Once the market stabilizes, we will uniformly reduce production and raise prices to protect our common interests!"

"The second point is to share technology and resources, further integrate resources, reduce the cost of lunar mineral mining as much as possible, improve mining efficiency, and conduct relevant technical research and development to further expand the exploration and mining of mineral resources in interstellar space."

"Third, we must maintain the stability of mineral resource prices and ensure that all of us can obtain long-term, continuous, and stable benefits from the mining of interstellar resources!"

Li Xiting looked at everyone and stated the three basic principles he had prepared long ago.

In fact, the most important principle is the third point, which is to maintain the stability of mineral resource prices and ensure that everyone can obtain long-term, continuous and stable income from the mining of interstellar resource minerals.

This is also the point that everyone values ​​the most, and it touches everyone's heart.

The mineral resources on the moon are extremely rich. A large number of important mineral resources such as large iron mines, copper mines, aluminum mines, etc. have been discovered.

The reserves are so huge and so astonishing that they cannot be mined in one or two years. They are enough to feed everyone for decades, hundreds of years, or even thousands of years.

This is also the reason why everyone is rushing to the moon to seize resources.

Because if you seize a mine, your descendants will have more than enough to eat.

The key now is that now that everyone has occupied the resources, how can we obtain long-term and stable income from the mines?

Li Xiting's words touched everyone's heart.

Immediately, everyone stood up and applauded to show their support.

This is how mining should be done: form a unified alliance to jointly control the market and prices. Don’t rush to mine all the mineral resources at once, but instead pursue long-term, sustainable and stable returns.

After all, mineral resources are very precious and will be gone once they are mined.

We made this mistake in the past. Once we finally got some resources, we wanted to mine them all at once and exchange them for money.

The phenomena of deforestation, over-exploitation and uncontrolled exploitation are very common, resulting in a large waste of resources and leaving behind huge environmental pollution.

Rare earth resources are a typical example.

Precious rare earth resources were bought at very low prices, and our own mountains and rivers were polluted beyond recognition.

Of course, this is also a necessary process for development. Without the foreign exchange obtained from these resources, there would be no subsequent industrial take-off.

Soon, interstellar mining companies led by a large number of mining giants such as the Starlight Mining Group, the Xinghai Mining Group, and the Feiyun Interstellar Mining Group officially announced the establishment of the 'Interstellar Mining Alliance'!
The headquarters of the Interstellar Mining Alliance is located in Jiangzhou, which made Jiang Zhiyuan in Jiangzhou jump for joy.

Of course, this is not a random setting, but because Jiangzhou is now the most important distribution center for traveling to the moon, setting the headquarters in Jiangzhou is also for convenience.

The news of the establishment of the Interstellar Mining Alliance quickly spread around the world.

Soon, the three giants in the global iron ore industry had to gather together urgently to discuss countermeasures.

(End of this chapter)