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Abaxx Technologies Inc ( (TSE:ABXX) ) just unveiled an update.
Abaxx Technologies Inc. announced the execution of the first nickel sulphate futures block trade on its Abaxx Commodity Futures Exchange and Clearinghouse. The trade involved 5 lots of April 2025 Abaxx Nickel Sulphate Singapore futures contracts, traded at $14,600/tonne, between Traxys and HNK Alpha. This milestone is expected to enhance liquidity and offer better pricing solutions in the nickel market, particularly benefiting the fast-growing electric vehicle battery sector, as it provides a physically-settled contract tailored to the needs of the energy transition to a lower carbon economy.
More about Abaxx Technologies Inc
Abaxx Technologies Inc. is a financial software and market infrastructure company, primarily involved with the Abaxx Commodity Exchange and Clearinghouse. The company owns Abaxx Singapore Pte Ltd. and is known for producing the SmarterMarkets™ Podcast. Abaxx focuses on providing innovative market solutions for commodities, including energy, environmental, and battery metals, aiming to enhance price discovery and risk management for participants in these markets.
YTD Price Performance: 0.0%
Average Trading Volume: 193,538
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$61.56M
Learn more about ABXX stock on TipRanks’ Stock Analysis page.
