Ganfeng Lithium plans to use hedging to cope with exchange rate and lithium carbonate price fluctuations

Ganfeng Lithium, a world-leading lithium ecological enterprise, announced that it will use hedging business to deal with the risks of exchange rate and lithium carbonate price fluctuations. The company and its subsidiaries plan to use funds of no more than RMB 15 billion or equivalent foreign currency to carry out foreign exchange hedging business. At the same time, they also plan to carry out commodity futures options hedging business, with the upper limit of transaction margin and premium not exceeding RMB 200 million.