SmarterMarkets™ The State of Play in Battery Metals Episode 1 | Dan McElduff, President, Abaxx Exchange
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Jan 11, 2025 Dan McElduff, President of Abaxx Exchange, delves into the fast-evolving battery metals market, emphasizing the launch of futures contracts for nickel sulfate and lithium carbonate. He discusses the critical role of early adopters in ensuring market liquidity and the necessity of standardization for effective price discovery. The conversation also touches on the intertwined challenges of geopolitical factors and supply chain dynamics, alongside opportunities presented by the growing demand for electric vehicles and energy storage solutions.
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Focus on Emerging Markets
- Abaxx Exchange focuses on emerging markets like battery metals due to the growing demand for electric vehicles and energy storage.
- They see the potential for market growth and volatility in these sectors.
Dynamic Market
- The battery metals market is dynamic, with shifting supply chains and evolving government regulations.
- Abaxx Exchange embraces this dynamism and aims to provide precise price discovery.
Role of Futures Contracts
- Physically deliverable futures contracts guide physical markets, especially emerging ones, by establishing trust and price transparency.
- They facilitate risk management and financing for market participants.