The National Stock Exchange of India (NSE) and Bharat Metal Exchange Ltd. (BME) have signed a Memorandum of Understanding (MoU) covering the non-ferrous metal derivatives segment, as per an announcement on June 22, 2026, through a press release.
The MoU is aimed at increasing engagement with exchange-traded contracts linked to industrial metals. BME, earlier known as the Bombay Metal Exchange, has been associated with the non-ferrous metals trade for more than 9 decades, as per the filing.
India is one of the largest consumers of metals such as copper, aluminium, zinc, lead and nickel. These metals are used in a range of industries, including construction, manufacturing, power equipment, renewable energy, and electric vehicles.
Movements in metal prices often affect companies involved in production, processing, and trade. Changes in raw material costs can influence purchasing decisions, inventories and contracts, particularly in sectors where metals account for a large share of expenses.
As part of the collaboration, the two organisations will undertake industry outreach activities related to non-ferrous metal derivatives and price-risk management.
The engagement will include producers, consumers, processors, traders, importers, exporters, and industry associations connected to the metals sector.
Financial market participants are also expected to be part of these discussions. The outreach is intended to increase familiarity with exchange-traded products available for managing price fluctuations in metal markets.
The agreement also covers work on products linked to the non-ferrous metals segment. According to the announcement, the collaboration will bring together NSE's derivatives market platform and BME's industry network.
BME has longstanding links with participants in the physical metals trade, while NSE provides a marketplace for derivative contracts. The initiative is to involve both sides of the market through joint programmes and industry interactions.
NSE began operations in 1994 and introduced electronic trading to the Indian market. The exchange stated that it was the world's largest derivatives exchange by trading volume in 2025. BME continues to operate as a trade body serving the non-ferrous metals industry.
The partnership outlines a framework for engagement between the physical metals industry and the derivatives market. Activities under the agreement will include outreach programmes and work related to non-ferrous metal-linked products.
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Jun 22, 2026, 5:25 PM IST
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