Centre to Establish Mineral Trading Exchange Similar to London Metal Exchange: Union Minister G Kishan Reddy

Union Coal Mines Minister G Kishan Reddy has revealed that the government will establish a mineral trading exchange similar to the London Metal Exchange. Addressing the media in Hyderabad, he said the platform will operate under SEBI’s norms and has already been included in recently passed legislation, with guidelines set to follow soon.

Mineral Exchange And Coal Import Savings

According to Reddy, the exchange will provide industries, traders, and stakeholders with transparent price discovery and a regulated mechanism for mineral trading. He also stressed that US tariffs would have little impact on India’s coal sector and pointed out that aluminium exports to the US remain limited. 

Highlighting progress on energy security, he said coal imports had been curtailed sharply, saving the exchequer around ₹60,000 crore in foreign exchange.

Boosting Domestic And Export Potential

The minister explained that while steel-makers currently rely on imported coal for their boilers, the government is urging private companies to recalibrate them to utilise Indian coal, cutting dependence on imports. 

He added that efforts are also underway to export coal and to expand domestic production of both coal and iron ore, strengthening India’s mineral sector and global presence.

Read More: India Attracts $11.8 Billion in Renewable Energy Investments in H1 2025!

Conclusion

By launching a dedicated mineral exchange and driving self-reliance in coal and iron ore, the government is seeking to enhance transparency, reduce import dependence, and position India more strongly in global commodity markets.

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