The latest update is out from Abaxx Technologies Inc ( (TSE:ABXX) ).
Abaxx Technologies Inc. announced the execution of the first lithium carbonate futures block trade on its commodity futures exchange, marking a significant milestone in the market for battery raw materials. This development introduces the world’s first physically-deliverable lithium carbonate contracts, providing standardized and globally accessible pricing benchmarks that enhance risk management and price discovery in the lithium industry. The new contracts are expected to play a crucial role in aligning trade flows with physical market realities, offering a reliable mechanism for stakeholders to manage price risks in a dynamic market.
More about Abaxx Technologies Inc
Abaxx Technologies Inc. is a financial software and market infrastructure company focused on building Smarter Markets through advanced financial technology and market infrastructure. It is the majority shareholder of Abaxx Singapore Pte Ltd., which owns the Abaxx Commodity Exchange and Clearinghouse. The company is recognized for introducing centrally cleared, physically deliverable commodities futures and derivatives, aiming to enhance price discovery and risk management in critical markets, particularly those related to the energy transition.
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.