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08 Feb

Ganfeng to use CNY 15 billion in hedging to control risks

Chinese lithium giant Ganfeng Lithium plans to use up to CNY 15 billion ($2 billion) of self-owned funds for hedging to cover risks brought by large fluctuations of interest, exchange rates, and lithium carbonate prices, Kallanish learns.  In a statement via the Shenzhen Stock Exchange, the company pointed out that the reason for the hedging was related to its continuous international business expansion, which involves a growing number of foreign currency set…
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