NSE Signs MoU with Bharat Metal Exchange (BME) to Promote Non-Ferrous Metal Derivatives in India

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. 

Metals Consumption Remains High in India 

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. 

Industry Participants to be Engaged in the Initiative 

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. 

Product Development and Market Participation 

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. 

Background of the Companies 

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. 

Read More: FIIs Selling Spree Continues in 1st Half of June 2026: Financials, Oil & Gas, and Auto Sectors Leading Outflows! 

Conclusion 

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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