Government is mulling amendments in the existing legal framework to make way for a mineral and metal trading exchange on the lines of London Metal Exchange (LME) or Shanghai Futures Exchange (SHFE).
According to a Cabinet note moved on August 7, the contents of which were reviewed by businessline, this structured marketplace is being envisaged to ensure better price discovery.
The move, discussed during a Cabinet meeting last week, comes amid a push towards increase in mineral production and self-reliance in the backdrop of rising supply chain disruptions.