Transparent Pricing for Strategic Minerals Mehmet Yılmaz, President of the Turkish Miners Association (TMD), has shared details regarding the establishment of a mining exchange aimed at increasing financial depth and ensuring price stability in the sector.
Aligned with Development Plan targets, the exchange will facilitate reference pricing for critical minerals such as gold, copper, boron, and rare earth elements.
The operational expertise of Energy Markets Management Inc.
(EPİAŞ) is expected to be transferred to the mining exchange.
Following the completion of approval processes, trading is projected to commence in 2026.
Industry representatives state that this move will contribute to Turkey's goal of becoming a regional hub for mineral trade.
Meanwhile, Turkey's total gold imports were recorded at 126.3 tons.
Export Performance and Global Collaborations Mining exports reached $6.2 billion last year, marking a 3.4% increase.
In this breakdown, metallic ores accounted for $2.3 billion, while natural stone contributed $2 billion.
The Spanish market stood out with a growth rate of 19%.
Furthermore, government-to-government (G2G) agreements with countries such as Niger, Sudan, Somalia, and Uzbekistan are expected to enhance the sector's global influence.
Safe Mining and a Technology-Driven Future Yılmaz noted that international standards for occupational health and safety are being adapted to Turkey, announcing the establishment of the Safe Mining Forum based on the "Mining Safety Round Table" model.
Collaborations with Canada in technology and finance are being developed.
Additionally, an anonymous database for tracking work accidents and risky situations is being created to elevate safety standards within the industry to the highest level.
Quickly log in to access powerful streamer tools and Video Chat Rooms.
Turkey Mining Exchange to Launch in 2026: A New Era for Strategic Minerals
Turkish Miners Association President Mehmet Yılmaz announced that a new mining exchange, designed to provide transparent pricing and financial depth, is expected to become operational by 2026.
Sources
- Ekonomi Dünya · baglanti