Ganfeng Lithium plans to build a $1.1 Billion trading desk
Derivatives will be used to lower the risks of cross-border investments and to enhance financial stability, the Chinese producer said.
China’s top five utilities have formally protested a government proposal to ban imports of low-grade coal that could jack up their costs, a move that could derail domestic miners’ efforts to boost demand for their coal.
The big utilities have only just begun to see their thermal power businesses turn profitable after haemorrhaging billions over the past five years due to soaring coal prices.