Chapter 360 (1/2)

Chapter 360: Sunny Melbourne

Translator: _Min_ Editor: Rundi

After an hour of negotiating contract prices and details, they finally reached an agreement

Iron ore: 5220 USD per ton, one hundred thousand tons per month with a total cost of 522 million USD

Aluminum ore: 80 USD per ton, two hundred thousand tons per month with a total cost of 16 million USD

The total contract amount was 2122 billion USD The shi+pinning of every e Island currently has no deepwater port, Jiang Chen had already invested in its construction as two docks would be built by next h and relatively far away froht islands Therefore, it was ideal to be built into an industrial island withindustry Hence, a deepwater port was necessary

Oliver was ecstatic as he signed a multi-million dollar deal in one afternoon for the co Chen didn’t immediately leave but instead started to chat with hi Chen’s questions, Oliver did his best to answer He told Jiang Chen the trend of the low volume of iron ore traded in 2016 and the decrease in price for rare metals All the information could be found online, so it was not a secret

“If you don’t e, your company’s primary business is in the tech industry, ould you need to purchase large quantities of iron ore?” Oliver asked

“Your company has i Chen nonchalantly asked

“Just a question I was personally curious about Of course, if it is inconvenient to disclose, then it that is okay This question doesn’t affect our partnershi+p” Oliver saw that Jiang Chen didn’t plan to answer as he size for his rather blatant question

“I do apologize, this is a trade secret, and I can’t answer you… To expressChen said

“Haha, it’s ood restaurant in Melbourne, takeChen’s invitation

It was tiet off work, they left the company and headed to a Brazilian Barbeque restaurant near Melbourne

From the restaurant’s aesthetics, it was no different than the street food stalls found in Han The half-open systeolden slices of meat on the fire drew the passersby with its delicious aro before the plates arrived in front of them

Two cold beers and four plates ofChen was thrilled by the food

“Is the future of the ood?”

“Not terrible, but it will get worse” When they spoke about work, Oliver let out a sigh

“Because of the econoorized as an econooes back to deulp of beer in satisfaction, the beer washed away the frustration that accumulated in his chest

“Could you beChen asked

He had an interest in

“For exa, it would require 30 tons of steel But once the building is complete, the potential market of the steel would decrease by that 30 tons Not only in infrastructure, but from vehicles to screws, they are all the same Then, the steel plant would decrease production, theoutput would also decrease, and that’s how the econo Chen didn’t knoas funny

“Is it okay to tell me this?”

“No problem I’m off work,” Oliver said with confidence, “Also, even if there are layoffs, I won’t be cut”

“Therefore, the overall trend of iron is going down?”

“That’s right In 2008, per ton had a price of 21 USD Now, it would be lucky to get 095 USD”

“With what you are saying, there is no hope in the rinned

“Not necessarily true There is potential if there is a technological breakthrough” Oliver shook his beer glass half filled with beer