章節 853: Chapter 853: Huge Losses and a Counterattack (Part 2)
As Taro Maekawa kept talking on the phone, Keigo Sumitomo's face became gloomy. When the warning was relayed word for word, an anger rose in Keigo Sumitomo's heart, and his gaze became extremely sharp.
His eyes narrowed slightly, and he patiently inquired about the specific situation of LME copper futures and LME aluminum futures, as well as the situation of the entire market, before he began to think.
Maekawa Taro also knew that Sumitomo Keigo was thinking, so he waited quietly.
After a long time, Sumitomo Keigo's eyes became firm, and he ordered in a deep voice, 'Clear the positions of the three futures of nickel, lead, and zinc, and concentrate all the funds on copper futures and aluminum futures. Give it your all and go long!'
'At the same time, the entire company must remain vigilant and hold out until the fruits of victory are reaped from copper futures and aluminium futures!'
'If there is any unexpected situation and you are unsure of what to do, call me immediately! You did well this time!'
After saying this, Sumitomo Keigo hung up the phone, and the murderous intent in his eyes never disappeared.
It didn't matter who had warned their company, because on the surface it was G·S·Huabao Company, and it was difficult to investigate who was behind it.
But since the enemy had the strength to target the three futures invested by Sumitomo Corporation, but not touch the copper futures and aluminium futures, Sumitomo Keigo of course would not withdraw, but instead strengthened his determination to go long.
The enemy must have known that the odds of winning in copper futures and aluminium futures were not good, so they came up with the idea of encircling and attacking the base to force Sumitomo Corporation to withdraw.
But he would not let the enemy have their way!
It was a foregone conclusion that losses of over 100 million US dollars would be incurred in the three futures such as LME nickel futures, and losses of 200 million US dollars were not impossible.
He can't swallow this loss.
What's more, the consequences of backing down are too dire. Sumitomo Corporation is the company he relies on to compete for the position of family head. If he backs down, it's the same as giving up the competition for the position of family head.
But since it had already happened, the best way to deal with it was to reap huge profits from LME copper futures and LME aluminium futures to make up for the losses in the three futures contracts, including LME nickel futures, and to defend the Sumitomo name with victories in the LME copper futures and LME aluminium futures markets.
Therefore, Keigo Sumitomo's attitude was quite firm, not afraid of threats, but determined to fight to the end!
Two days passed in the blink of an eye.
Over the course of two days, Taro Maekawa strictly implemented the orders of President Keigo Sumitomo, while Kijin Yanagawa endured the pain of severing his finger to survive, and continued to liquidate positions as the prices of the three futures contracts, including LME nickel futures, continued to fall.
The funds from the liquidations were all transferred to the accounts of the LME copper futures and LME aluminium futures teams, providing ammunition for the subsequent major moves.
'Minister, all LME lead futures have been liquidated!'
'Calculate the losses!'
Hearing his subordinate's report, Liuchuan Shuren ordered with a cold face.
'Minister, all LME zinc futures have been liquidated.'
'Calculate the losses.'
...
That afternoon, except for the remaining 820 LME nickel futures that had not been sold, the liquidation of the other two futures was completed.
The final statistics made Liuchuan Shuren's heart bleed.
The LME zinc futures had a loss of 53.3 million US dollars, and the LME lead futures had a loss of 44.5 million US dollars.
And the LME nickel futures had already suffered a real loss of 81.6 million US dollars.
However, the price of the LME nickel futures contract had almost bottomed out, because more and more institutions were rushing in to take over, otherwise they would not have sold so quickly.
After the remaining 820 LME nickel futures contracts were sold, and taking into account all the costs, it was estimated that there would be a further loss of about 11 million US dollars.
In total, it really turned out to be similar to his estimate a few days ago, with a loss of 190 million US dollars, just 10 million US dollars short of 200 million US dollars.
Although it was only the middle of the year, in Liu Chuan Shuren's opinion, such a large loss was probably the highest in the entire company, and not just the London branch, but the entire Sumitomo Corporation parent company!
This means that he, Yanagawa, will become a celebrity in the company, and he will definitely be included in the year-end review, provided that he can keep his job before the end of the year!
In order to keep his job, Yanagawa grits his teeth and vows to do whatever it takes to recover the losses on the LME copper futures and LME aluminum futures, and make up for his mistakes!
'Transfer all funds to the accounts of the LME copper futures and LME aluminum futures teams, and have everyone else go over there to help!'
He called out to a group of subordinates, and Liu Chuan Shuren led the group towards the LME copper futures department.
The following morning.
City of London, the headquarters of G.S. Warburg, operations room.
Evelyn Lochhead and Sid Monger Warburg chatted about the situation with a smile.
'Evelyn, it's almost over, I think Sumitomo Corporation should be able to complete the liquidation around 10 o'clock this morning,'
said Sid Monger Warburg with a smile as he watched another 100 sell orders for LME nickel futures contracts being posted.
Then, with a touch of emotion, he said, 'I never thought the Japanese would withdraw so decisively. At least 180 million US dollars, just like that, gone. The Japanese are really rich, heh heh.'
At least 150 million US dollars will go into his own pocket, which makes Evelyn Rothschild feel good too. He nodded with a smile, saying, 'The islanders are indeed rich. Last year, the island's GDP exceeded 1 trillion US dollars, ranking third in the world and twice that of the UK.'
'The island's six major consortia control more than 60% of the island's total assets. Sumitomo Corporation, as the core enterprise of the Sumitomo consortium, has an extraordinary amount of money.'
Sid Monger Warburg nodded, and with a twinkle in his eye, he said suddenly, 'Sumitomo Corporation is still heavily involved in LME copper futures and LME aluminium futures, and is determined to succeed. Evelyn, do you want to give it a try?'
Evelyn Lochiel's expression froze for a moment when he heard this, but then returned to normal as he smiled and looked at the trading board.
When he saw the price and trend of LME copper futures and LME aluminium futures, his eyes flashed, and he didn't know what was going through his mind.
Sidmonger Warburg glanced at him, smiling as he looked at the trading board, his eyes becoming deep.
After a long time, Evelyn Rothschild said, 'I'll wait and see a bit longer. If there's a chance, I'm certainly willing to give it a try.'
Sidmonger Warburg smiled and didn't say anything more. Just a test or two would be fine, after all, Evelyn Rothschild was not stupid.
Time passed slowly.
When G.S. Warburg saw that there were fewer and fewer sell orders for LME nickel futures, they had almost bought all they needed.
Evelyn Lochiel told Sidmonger Warburg to make the delivery and then calculated the profit split and informed him.
However, when the London Metal Exchange opened in the afternoon, the movements in the LME copper futures and LME aluminium futures markets surprised him.
In particular, the subsequent outbursts of bravado from Sumitomo Corporation and the sudden jump in long positions by companies pointing to the Howard family made Evelyn Rothschild look quite ugly.
He then immediately rushed back to the family.
Rothschild family manor.
'Damn it, the Howard family has also interfered?'
After listening to his cousin's account, Jakob Rothschild frowned and was in a pretty bad mood.
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