It's called a forward (which is basically any vanilla contract for delivery). They shouldn't be trading financial instruments, but they should contract with a

It's called a forward (which is basically any vanilla contract for delivery). They shouldn't be trading financial instruments, but they should contract with a supplier for the tonnage needed, and that supplier then turns around and manages their risk, possibly with futures. This is all smoke though. The project would be way over budget, and input costs are being blamed.