Volu 7 Chapter 70 - Dona??t Get Involved
The matter didn’t end there.
After four months of the Frestech Mineral Chamber of Comrce being ford, the Marlow Empire’s biggest mineral resource company, the Vale Chamber of Comrce worked with thirty six other mineral resource companies to announce that they had ford a mineral resource organization just like the Jino Union. It would be called the Valley Mineral Planning Association, or simply put, the Valley Association.
The Vale Chamber of Comrce controlled the most mineral resources in the Marlow Empire. Then adding in the other thirty six mineral resource companies, they controlled almost all the mineral resources in the northern continent.
Although they had less mineral resources compared to the Jino Union, it wasn’t that lacking.
This Valley Association’s goal was even more obvious compared to the Frestech Mineral Chamber of Comrce, it was simply to contend with the Jino Union.
It was different from the Frestech Mineral Chamber of Comrce that everyone thought was weaker. The Valley Association had gathered all the mineral resources in the northern countries, which was strong enough to match the Jino Union.
Moreover, behind these two organizations, there was no doubt that there was a clash between the Marlow Empire and the Candra Empire.
But before this, if the two empires clashed with each other, the other countries and organizations could only choose a side to support and couldn’t make a single sound. But this ti, the Frestech Chamber of Comrce had stood out to form the Frestech Mineral Chamber of Comrce, which really was a different voice.
For many people, they hoped that the Frestech Mineral Chamber of Comrce could contend with the Jino Union and the Valley Association, which would greatly help many small countries.
But for most people, they didn’t favour the Frestech Mineral Chamber of Comrce at all.
Even if there was the Frestech Chamber of Comrce behind the Frestech Mineral Chamber of Comrce who were very powerful on the Sines Continent, with even the two great empires being wary of them.
Being wary didn’t an they were afraid. The two empires had scruples before because they wanted to cooperate with the Frestech Chamber of Comrce, so they weren’t willing to break relations with them.
So that didn’t an that the Frestech Chamber of Comrce really was more powerful than the two empires.
In the end, the Frestech Chamber of Comrce was only a company. The various resources that they controlled couldn’t compare to the resources of the two empires.
Even if the Frestech Mineral Chamber of Comrce grasped more resources than people expected, to compete with two organizations that had the two empires and many countries behind them, they were far from being able to do so.
People had to wait to see how long the Frestech Mineral Chamber of Comrce would last.
July of year 3781, it was the hottest season of the year again and the Frestech Mineral Chamber of Comrce suddenly announced that with the new breakthrough in automation slting, the output of the Frestech Mineral Chamber of Comrce’s steel mills would greatly increase. It would break through to six hundred thousand tons a month.
This output was close to double that of the three hundred to four hundred thousand tons per month from before!
The Frestech Mineral Chamber of Comrce had also announced that with this increase in output, the Frestech Mineral Chamber of Comrce would be able to sell even more steel products. They welcod all other companies that needed steel products to order from them.
Half a month ago, the Jino Union had just announced that through the efforts of the companies under them, through their own research, they had developed a new series of steel refining equipnt. It was expected to be spread across the companies under the Jino Union which would greatly increase the steel product production capacity of the Jino Union.
According to estimates, once the companies under the Jino Union had replaced their steel refining equipnt, the Jino Union would be able to break through to thirty million tons of steel products a year.
Comparing this, the Frestech Mineral Chamber of Comrce’s six hundred thousand tons of steel products was tiny.
But the Frestech Chamber of Comrce was the first company with a steel mill and the first company to implent steel refining, so they had already developed many different kinds of steel products. They currently had seventeen different kinds of steel products under them which could satisfy all special requirents for steel.
Even if the Frestech Chamber of Comrce had transferred parts of the steel refining technology later on, as well as selling steel refining equipnt, everyone had to acknowledge that the Frestech Chamber of Comrce’s steel products were the best and had the highest quality.
So even if the Frestech Mineral Chamber of Comrce’s production capacity couldn’t compare to the Jino Union’s, it was still very popular and countless orders ca in.
It had to be known, the Frestech Chamber of Comrce’s steel products were mainly used by themselves to satisfy their magic machine production needs, it was rarely ever sold to others.
Now that the Frestech Chamber of Comrce was willing to sell these steel products, people rushed to snatch them up.
In the beginning of September, the Frestech Mineral Chamber of Comrce published so data.
According to their stats, the Frestech Mineral Chamber of Comrce’s steel product production capacity had broken through to eight hundred thousand tons in August, which was a 30% increase.
Of these eight hundred thousand tons, three hundred thousand tons had been used to satisfy the needs of the Frestech Chamber of Comrce’s companies and then the other five hundred thousand tons were sold to the public.
At the sa ti, the Frestech Mineral Chamber of Comrce also announced that they had reached an agreent with seven countries including the Nozdormu Business Union and the Wales Kingdom to buy a total of twelve mines. There were four iron mines, three non-ferrous tal mines, and five Magic Crystal mines.
When this news ca out, there was another uproar.
Everyone thought that with the control of the Jino Union and the Valley Association, there wouldn’t be any other minerals to fight for on the continent. However, the Frestech Mineral Chamber of Comrce had made a move and they had gotten twelve mines at once.
Although they still couldn’t compare to the two big mineral resource unions, it ant that the Frestech Chamber of Comrce wasn’t powerless to fight back. It ant that the two mineral resource unions didn’t completely control the Sines Continent.
Once this news was published, everyone began feeling more confident about the Frestech Mineral Chamber of Comrce.
However, the Jino Union and the Valley Association quickly fought back.
At the end of September, the Jino Union once again raised the price of iron ore, breaking through to four gold coins per ton.
This price increase was quite subtle.
Because even if the Frestech Mineral Chamber of Comrce controlled several iron mines, their main business was steel products and refining non-ferrous tals. When it ca to mineral collection, they lacked the manpower and previous accumulation, so it wasn’t enough to satisfy the demand of the Frestech Mineral Chamber of Comrce themselves.
So the Frestech Mineral Chamber of Comrce actually bought many of their ores for slting from other channels. The biggest channel was from the companies under the Jino Union.
So now that the Jino Union had increased the price of iron ores, it would increase the cost of the Frestech Mineral Chamber of Comrce’s steel products.
Moreover, four gold coins a ton would an that the Frestech Mineral Chamber of Comrce’s profits from refining iron ores would be very small, or it could even considered without profits at all.
At the sa ti, the Jino Union had adjusted the price of their steel products. They had decreased the price by 20%, so that the price of each ton was less than twenty gold coins.
With this price, it could be said that the Jino Union’s profits from refining steel were very slim.
The most important thing was that there was a clear advantage when compared to the steel products prices of the Frestech Chamber of Comrce which were between twenty seven and thirty gold coins.
Three days after the Jino Union announced this price adjustnt, the Valley Association had announced their price adjustnt plan that followed the price adjustnt of the Jino Union.
This wasn’t sothing that the two organizations had discussed, it was just that after the Jino Union made this adjustnt, the Valley Association could only follow along or they would be put in the passive situation.
But everyone knew that the Jino Union’s price change wasn’t to force the Valley Association to follow along, but rather it was to target the Frestech Mineral Chamber of Comrce.
The Frestech Mineral Chamber of Comrce, or rather the Frestech Chamber of Comrce didn’t have the sa accumulated resources, so they were weaker when it ca to mining ores. So when the ores provided was controlled by others, the Jino Union would change the ore price.
The advantage that the Frestech Mineral Chamber of Comrce had was in steel slting. The Jino Union didn’t hesitate to decrease their price even if it ant cutting down their profits. It was clear that they wanted to force the Frestech Mineral Chamber of Comrce to lower their price, which would suppress their profits.
This wasn’t a plot, it was quite an open plan. It was to use their bigger scale compared to the Frestech Mineral Chamber of Comrce and their deeper foundations to beat them.
The goal was to expel the Frestech Mineral Chamber of Comrce from the mineral resource industry.
To the Jino Union, the appearance of the Valley Association wasn’t a surprise, but this Frestech Mineral Chamber of Comrce was an unexpected variable.
Moreover, the strength of the Valley Association and the Jino Union were around the sa, so this deadlock wouldn’t be solved for a while. The more urgent matter was to drive out the pest of the Frestech Mineral Chamber of Comrce before dealing with the Valley Association.
This goal was very clear and the Jino Union had even stated it publicly at one of their press conferences. They stated that the Frestech Chamber of Comrce should honestly stay in the magic machine industry that they excelled in and not get involved in other industries that don’t belong to them.
The response of the Frestech Chamber of Comrce to this…..There was no response this ti.
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