Vancouver, BC – Abaxx Technologies Inc. (CBOE:ABXX)(OTCQX:ABXXF), a financial software and market infrastructure firm, announced today that it will expand its battery metals product suite with the launch of three regional, physically-deliverable Lithium Carbonate futures contracts on March 7, 2025.
These contracts, traded on the Abaxx Commodity Exchange (Abaxx Exchange) in Singapore, represent a significant milestone as the world’s first physically deliverable lithium carbonate futures priced in US dollars. They aim to provide standardized and globally accessible pricing benchmarks, more closely reflecting physical market realities.
Each contract is US dollar-denominated, representing one tonne of lithium carbonate and is deliverable at ports in Singapore, Rotterdam, or Baltimore on a Delivered at Place (DAP) basis.
“The launch of Abaxx’s Lithium Carbonate futures introduces much-needed, physically deliverable benchmarks that reflect real market conditions, providing traders with a precise hedging instrument and greater optionality in managing supply chains,” said Sacha Lifschitz, Director of Metals Markets at Abaxx Exchange. “With contracts deliverable in Singapore, Rotterdam, and Baltimore, we’re aligning with global trade flows to offer more effective risk management and price transparency in a rapidly evolving battery metals market.” The company believes the contracts will give market participants a reliable and transparent mechanism for price discovery, enhancing their ability to manage risk.
