Abaxx offers sulphate solution for broken nickel market

LONDON, Sept 1 (Reuters) - 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.

Singapore's Abaxx Commodities Exchange thinks a new nickel sulphate contract could be the answer.