Abaxx offers solution for broken nickel market

High demand: Excavators in a pit at a nickel mine in Central Sulawesi, Indonesia. Nickel sulphate is rapidly evolving from a niche to mainstream product thanks to its use as a precursor material in EV battery cathodes. — Bloomberg

IT’S been a year and a half since the London Metal Exchange (LME) nickel contract went into meltdown, forcing the suspension of trading and the controversial decision to cancel trades.

The nickel market is still looking for a pricing solution that can encompass both refined metal and the new streams of nickel products flowing into the fast-growing electric vehicle (EV) battery sector.