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Mumbai, Sept. 6 MCX has signed a memorandum of understanding with Telecom Equipment Manufacturers Association (TEMA) to use the platform for metal price discovery.

The objective of the alliance is to share knowledge about metal commodities with the members of TEMA and to increase their participation on the exchange platform. MCX trades widely on metals such as aluminium, copper, zinc, nickel, tin and lead.

The members can benefit by availing of exchange benefits such as price discovery, hedging risks and having access to information at a national as well as international level.

TEMA has around 180 members spread over the country, who are connected with the metals usage in the telecom industry. Mr N.K. Goyal, Chairman Emeritus TEMA, said, “The tie-up will benefit our traders through the widespread network to gain knowledge and also have access to its online trading platform”.

More Stories on : Commodity Exchanges | Hardware

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