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.
Rita Trichur, writing in Saturday’s Globe and Mail, goes behind the headlines in discussing the $6.3 billion bid by China Minmetals to take over TSX-listed Equinox Minerals. The bid, Trichur writes is emblematic of an emboldened, more savvy China, as the country seeks to gain control over mineral resources in Africa:
China Minmetals Corp.’s plan to take over Canada’s Equinox Minerals Ltd. (EQN-T) marks a turning point in China’s ambitions to create a world-class mining giant, while signalling the country’s growing influence as a “soft power” in a slew of resource-rich African countries.
