India, Aug. 18 -- The Multi Commodity Exchange of India Ltd. (MCX) has announced the launch of a Nickel futures contract, effective August 18, 2025. The new contract is aimed at strengthening price discovery, enabling efficient risk management, and encouraging wider participation across the value chain.
Nickel, a vital industrial metal, is extensively used in stainless steel production, electroplating, EV batteries, and various engineering applications. As India relies heavily on imports, consuming industries remain vulnerable to price fluctuations and supply disruptions. The futures contract will provide these industries with a robust hedging mechanism, helping them mitigate price risks and improve competitiveness.
Being INR-denominated,...