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Ganfeng Lithium Group Co. said it would set up a derivatives-trading desk, in a sign the industry is seeking to hedge against risks after a period of extreme volatility and geopolitical tensions.
The global lithium market has been extremely volatile in recent years as a wave a of new supply and concerns about demand growth spurred a boom-bust cycle for the battery material. In addition, producers including Ganfeng and rivals have had to contend with geopolitical and regulatory shifts as governments seek to safeguard access to resources.
In addition to operations in China, the company has expanded its footprint globally, with resources in Argentina, Australia, Mali, and Mexico. Last month, the companyan international arbitration case against Mexico after the Latin American nation canceled a potential project valued at more than $1 billion.
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