Abaxx Technologies Inc ( (TSE:ABXX) ) just unveiled an announcement.
Abaxx Technologies Inc. has announced the launch of the world’s first physically deliverable lithium carbonate futures, set to commence on March 7, 2025. These futures, denominated in US dollars and deliverable in Singapore, Rotterdam, and Baltimore, aim to provide market participants with standardized pricing benchmarks and improved risk management tools in the rapidly evolving battery metals market. The introduction of these futures is expected to enhance price transparency and align with global trade flows, offering traders a precise hedging instrument for better managing supply chains in the battery metals industry.
More about Abaxx Technologies Inc
Abaxx Technologies Inc. is a financial software and market infrastructure company building ‘Smarter Markets’ to address challenges such as the energy transition. The company is a majority owner of Abaxx Exchange and Clearing, which operates as a Singapore-based commodity futures exchange and clearinghouse, recognized as a ‘recognised market operator’ and ‘approved clearing house’ by MAS. They focus on providing centrally cleared, physically deliverable commodities futures to improve price discovery and risk management in the transition to a lower-carbon economy.
Average Trading Volume: 193,538
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$61.56M
For an in-depth examination of ABXX stock, go to TipRanks’ Stock Analysis page.