LONDON, Aug 1 (Reuters) - Abaxx Technologies Inc

, which owns a new Singapore-based commodities

exchange, has sealed a strategic partnership with

Canadian-listed MineHub Technologies Inc ( MHUBF ), the

companies said on Thursday.

Under a share exchange deal, Abaxx will acquire 10.9% of

MineHub ( MHUBF ), a joint statement said.

On June 28, Abaxx Exchange started trading in liquefied

natural gas (LNG) and carbon futures, but delayed the launch of

its contract for nickel sulphate.

Abaxx had initially planned to launch the world's first

futures contract for nickel sulphate at the same time as the

other two contracts.

MineHub ( MHUBF ), which has digitised trade finance and logistics in

metals and mining, last year bought rival Waybridge.

In June, it posted record revenue and said it has expanded

activity among customers, which include Chile's Codelco, the

world's largest copper producer, and Japan's Sumitomo Corp

.

Abaxx and MineHub ( MHUBF ) will explore data integration and work

towards entering other commodities markets besides copper and

aluminium where MineHub ( MHUBF ) has so far focused, they said.

Abaxx has previously said it aimed to eventually add

contracts for other metals used in EV batteries such as lithium,

and precious metals.