There’s a new trading exchange for the energy transition. And it might change the way metals are priced forever.

‍What’s happening:‍

• Abaxx Technologies (CBOE: ABXX) has officially completed the first ever trade for nickel sulphate futures on their Abaxx Exchange platform
  

Why it matters:‍

• Abaxx Technologies has built one of the first ever exchanges for being able to trade futures of metals that are essential to the global energy transition and battery metal production
  

By the numbers:‍

• The trade was conducted between Traxys and HNK Alpha for 5 lots of nickel sulphate futures contracts at $14,600 USD per tonne, which is a physically deliverable in Singapore
  
• Currently, Abaxx Technologies now has their futures contracts for energy and battery metals available for trading 14 hours per day
  

Going deeper:‍

• The Abaxx Exchange is aiming to leverage leading edge technology to provide more insightful and real time pricing around some of the most important minerals and metals for the energy transition, which is particularly relevant for both sourcing battery materials and battery production
  
• Abaxx Technologies has also attracted multiple highly notable investors, including both BlackRock and Ivanhoe Mines (TSX: IVN) founder Robert Friedland

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