NSE and BME to jointly advance awareness about adoption of non-ferrous metal derivatives
New Delhi, June 22: National Stock Exchange (NSE) and Bharat Metal Exchange Ltd. (BME) have signed a Memorandum of Understanding (MoU) to jointly promote the development, awareness, and adoption of non-ferrous metal derivatives in India.
The collaboration brings together NSE’s robust derivatives market infrastructure and BME’s longstanding expertise and deep engagement with India’s physical non-ferrous metals ecosystem, said a statement.
The partnership aims to strengthen market participation, enhance price risk management practices, and support the development of efficient hedging tools for stakeholders across the non-ferrous metals value chain.
Through this collaboration, NSE and BME will work together to develop new products in the non-ferrous metals space and promote awareness focused on price risk management using tools such as exchange-traded non-ferrous metal derivatives.
The collaboration will facilitate engagement with producers, consumers, processors, traders, importers, exporters, industry associations, and financial market participants to encourage broader adoption of exchange-based risk management solutions.
India is one of the world’s largest consumers of industrial metals such as copper, aluminium, zinc, lead, and nickel.
As domestic manufacturing, infrastructure development, renewable energy, and electric mobility continue to expand, market participants increasingly require transparent and efficient mechanisms to manage price volatility.
As part of the collaboration, NSE and BME will jointly undertake industry outreach initiatives to enhance awareness of non-ferrous metal derivatives and their role in effective price risk management. (BVI)
