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India's First Mineral Exchange to Launch Next Fiscal Year
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News18•22-09-2026, 15:00
India's First Mineral Exchange to Launch Next Fiscal Year
- •India's first mineral exchange is expected to be registered and operational by the next financial year, creating a transparent, electronic trading platform for minerals.
- •The Mines Ministry notified the Mineral Exchange Rules in June to facilitate market-based price discovery and reduce information asymmetry.
- •The exchange will feature risk-management mechanisms to prevent market manipulation and provide a reliable marketplace for producers and buyers.
- •Mines Additional Secretary Veena Kumari Dermal highlighted the exchange's role in building a self-reliant economy and reducing India's significant mineral import bill.
- •India's mining sector has seen substantial growth, with mineral production value increasing from Rs 49,900-50,000 crore in 2013-14 to Rs 1.86 lakh crore in 2025-26.
Key Questions Answered
India's first mineral exchange is expected to be registered and operationalised by the next financial year, following the notification of the Mineral Exchange Rules in June.
The Indian Bureau of Mines (IBM) will act as the nodal agency for setting up the proposed mineral exchange.
During the financial year 2025-26, India imported minerals valued at Rs 10,12,000 crore.
