Why the Queensland Pacific Metals (ASX:QPM) share price just soared 15%

The Queensland Pacific Metals Ltd (ASX: QPM) share price has rocketed by 15% this morning after news the company has produced battery specification nickel sulfate.

Tests were able to produce battery quality nickel sulfate from nickel-cobalt mixed hydroxide precipitate (MHP) produced at Queensland Pacific’s pilot plant operations.

Today, the Queensland Pacific Metals share price opened 5% higher than yesterday’s close. It has continued rising at currently sits at 12 cents a share, up 15%.

Let’s look closer at the news from Queensland Pacific.

Today’s news

In today’s release, Queensland Pacific shared it has defied even…