Ganfeng Lithium plans to hedge overseas expansion risks through financial derivatives trading

China's largest lithium company Ganfeng Lithium plans to seek shareholder approval to engage in financial derivatives trading to hedge risks from its rapid overseas expansion, according to reports. The company, which had the world's third-largest lithium production capacity last year, wants to trade derivatives including options and forward contracts, whose prices are linked to assets such as stocks, indices, commodities and interest rates. Trading can be done in overseas and over-the-counter markets.