Turkey Mining Exchange to Launch in 2026: A New Era for Transparency and Financing

A New Era in the Sector: The Mining Exchange Mehmet Yılmaz, President of the Turkish Miners Association (TMD), has announced the establishment of a mining exchange in Turkey.
The initiative aims to expand financing opportunities for the mining sector and increase price transparency.
Yılmaz emphasized that the exchange will provide reference pricing for strategic minerals such as gold, copper, boron, and rare earth elements, making the market more traceable.
He noted that Turkey's diverse mineral potential is not currently priced effectively in international markets, and the exchange will offer predictable market depth and a risk-mitigated trading platform for producers and investors.
Integration with the Istanbul Finance Center The mining exchange is planned to be located within the Istanbul Finance Center.
Energy Exchange Istanbul (EPİAŞ) has submitted the necessary applications to the Capital Markets Board (SPK) for the operational process.
Following the approval phase, operations are expected to commence within 2026.
The futures trading infrastructure and transparent pricing mechanisms developed by EPİAŞ in energy markets are expected to provide a significant technical and operational advantage for the mining exchange's structure.
Economic Impact and Gold Production Addressing the economic implications, Yılmaz highlighted the cost of rising gold prices on Turkey's current account balance.
According to 2025 data, every $100 increase in the ounce price of gold imposes a negative cost of approximately $400 million on Turkey's current account balance as an importer.
Yılmaz also pointed to a decline in Turkey's gold production, stating that total production fell to 28.4 tons by the end of 2025.
He added that this figure represents about half of the sector's targets and marks the lowest level in the last five years.