National Stock Exchange of India (NSE) signs MoU with Bharat Metal Exchange (BME) to boost non-ferrous metal derivatives

Key facts

• The National Stock Exchange of India (NSE) has signed a Memorandum of Understanding (MoU) with Bharat Metal Exchange Ltd. (BME), formerly known as Bombay Metal Exchange Ltd., to promote the development, awareness, and adoption of non-ferrous metal derivatives in India.
• BME has a history spanning more than nine decades and maintains an extensive network across the non-ferrous metals trade and industry ecosystem.
• The collaboration aims to increase market participation, strengthen price risk management practices, and support the development of hedging tools for stakeholders across the non-ferrous metals value chain.
• India is among the world's largest consumers of industrial metals, specifically copper, aluminium, zinc, lead, and nickel.
• NSE and BME will jointly conduct industry outreach programmes and develop products in the non-ferrous metals segment to encourage the adoption of exchange-based risk management solutions.