How To Start The Lucrative Export Of Lithium Ore From Nigeria To International Buyers: Lepidolite, Lepidolite, Amblygonite, & Spodumene

The abundance of solid minerals and metals in Nigeria continues to make the nation one of the wealthiest in the world. Over 120 different minerals are beneath the country’s surface. And profitable as they may seem, one of the most globally demanded minerals which are in vast volumes in Nigeria is the rich presence of Lithium Ore.

International buyers all over the world are always looking to purchase Lithium Ore from Nigeria because of its quality, abundance, and price. They come into the country on a regular basis for meetings with commodity trading companies and miners to see how they can establish long-term relationships with them to guarantee a steady supply of the commodity every month for at least one year. Depending on what they agree, they decide which supplier or suppliers to go with, issue an ICPO (Irrevocable Corporate Purchase Order), sign a contract, and start transacting.

The explosive demand for this mineral or concentrates in Nigeria by international buyers makes venturing into the export of Lithium Ore minerals or concentrates from Nigeria to several countries around the world a lucrative export business to start up.

See Also: How To Start The Lucrative Export Of Muscovite Mica Minerals From Nigeria To International Buyers

First, What Are Lithium Ore Minerals Or Lithium Concentrates?

Lithium Ore minerals are rocks containing Lithium, which is a chemical element with the symbol Li and atomic number 3 that is not found as a free element in nature.

The Lithium concentrate is the pure Lithium extract from the rock (ore) itself.

So What Is Lithium Ore Minerals Or Lithium Concentrates Export About?

Lithium Ore minerals or Lithium concentrate export is the export of Lithium from Nigeria to international buyers located in various parts of the world. It is exported in either the Lithium Ore form or the Lithium concentrate form, and are further processed upon arrival at the buyer’s facility into various forms of alloys or for other uses.

See Also: How To Start The Lucrative Export Of Columbite From Nigeria To International Buyers

Facts About Lithium Ore Minerals Or Lithium Concentrates Export

• They’re found in the Northern and Southern parts of Nigeria.
• Lithium Ore mining or processing can create a great source of employment.
• Lithium has the formula Li^+.
• Lithium rarely occurs alone in nature.
• Lithium is a chemical element with symbol Li and atomic number 3.
• Lithium is a silvery-white, lustrous metal.
• The most common Lithium Ore in Nigeria are spodumene, petalite, amblygonite, and lepidolite.
• Lithium ore minerals in Nigeria is exported as spodumene, petalite, amblygonite, and lepidolite.
• Lithium niobate is used to make cell phone batteries.
• Lithium is used to absorb neutrons in nuclear fusion.
• Lithium can be combined with other metals (usually aluminum, cadmium, copper or manganese) to make airplane parts.
• Lithium hydroxide and lithium peroxide are used to purify air in submarines and on spacecraft. Lithium peroxide is fantastic as it reacts with carbon dioxide to produce oxygen.
• One of the most important uses of lithium is in the treatment of bipolar disorder and depression. Salts of lithium (such as lithium carbonate and lithium citrate) are mood stabilizers.
• Lithium can be used in focal lenses for telescopes and common spectacles.
• Lithium is used in manfacturing batteries.
• The profit margins on the sale of Lithium Ore or Lithium Concentrates to international buyers can be anywhere from 15% to 110% depending on if you’re the miner or are purchasing from the mines.
• As a broker, you can venture into this business with $0.
• China is the top importer of Lithium Ore in the world.
• There are Lithium deposits in Kogi, Nasarawa, Ekiti, Kwara, Cross River, Oyo, Plateau, and a few other states in Nigeria.
• Lithium Ore minerals and Lithium Concentrates prices are calculated in metric tonnes.

See Also: How To Start The Lucrative Export Of Copper Ore From Nigeria To International Buyers

Business Opportunities In Lithium Ore Minerals Or Lithium Concentrates Export

1). Lithium Ore Minerals Export:

The first layer of the mineral is the Lithium Ore. These are usually sold at varying amounts at the mines depending on the type of lithium ore (spodumene, petalite, amblygonite, and lepidolite) or the percentage of Lithium present in the ore and are then further resold to international buyers at varying prices per metric tonne depending on the specification, the seller’s connection to the mines, the trade process, and the final negotiations with the buyer.

In all, your profit margin from the export of Lithium Ore from Nigeria can be anywhere from 15% to some rare cases of over 100%.

2). Lithium Concentrates Export:

The Lithium concentrates are the further processed forms of the Lithium Ores into the pure Lithium concentrates. Since the Lithium Ore is a rock with Lithium in it, the Lithium concentrates are the extracted Lithium itself, which is then prepared for export.

3). Lithium Ingots Export:

Lithium ingots are pure Lithium that is cast into a shape suitable for further processing. It is also called Lithium bars, which is very similar in shape to gold or lead bars. They’re highly preferred for purchase by international buyers because they can easily be cast into a shape or something else, thereby saving the buyer a lot of time and money.

They’re more expensive than Lithium Ores or Lithium concentrates.

4). Lithium Ore, Concentrates, And Ingots Brokerage:

When you have zero cash to start up any type of business, the first thing you should do is to venture into the brokerage of that business’ products, and in this case, Lithium Ore, Lithium Concentrates, and Lithium Ingots Brokerage.

You could venture into the Lithium mineral brokerage business by linking a buyer to a seller, and in the process, add a markup price per metric tonne for your organisation, after getting the final selling price from the seller.

But to ensure you have a successful brokerage business, it is important you legally protect your commissions. Any seller who claims to give you something without a contract backing it is bullshitting you. If they get arrogant and tell you to wait to get it without a contract, simply walk away and find another seller.

98% of all sellers are not trustworthy without a contract in hand or a bank indemnity to pay you your commissions.

See Also: 25+ Lucrative Mining Business Ideas And Opportunities in Nigeria

Types Of Lithium Ores In Nigeria To Export

There are four types of lithium ores that are exported from Nigeria. They are:

• Spodumene
• Petalite
• Amblygonite
• Lepidolite

These for stones contain lithium in them, and since lithium rarely occurs alone in nature, you would mostly be exporting spodumene, petalite, amblygonite, or lepidolite as lithium from Nigeria to international buyers.

Setting Up Your Lithium Ore Minerals Or Lithium Concentrates Export Business

1). Register Your Export Business:

The first step to starting a Lithium Ore or Lithium Concentrate export business is to register a legal business. To do this, you must first register a limited liability company with the Corporate Affairs Commission of Nigeria, then go on to register your business with the Nigerian Export Promotion Council and the Ministry of Solid Minerals.

Registered business names are not allowed to register with the NEPC, and so, you can only function as an exporter with a Limited Liability Company registered under the laws of the Federal Republic of Nigeria.

See Also: 10+ Legal Requirements For An Import And Export Business in Nigeria

2). Find The Direct Mines and Sources For Exports:

Although this can be done before, during, or after your company has been registered with the appropriate bodies, the next step is to source for the direct mines that would be mining the Lithium Ore Minerals or Lithium Concentrates for you on behalf of your clients.

It’s usually better you get direct access to the mine, so you can get the best possible price. Going through a proxy would waste more time, cost more money, and reduce your profit margins.

Some states with mining sites to find Lithium Ore or Lithium Concentrate mineral miners areKogi, Nasarawa, Ekiti, Kwara, Cross River, Oyo, Plateau and a few other states in Nigeria..

3). Setup A Proper Business Structure, Trade Process, & Branding:

During or after registering and securing your buyers, it is important you set up a proper business structure that looks internationally reputable. Some ways to do this are to build an international standard website, get a business address, create a company profile, and also have a corporate offer format you can customize and send to buyers who request an offer. Also set up a corporate email that reads something like this: “[email protected]”.

If renting an office is too expensive, you could pay for a virtual office at a co-working hub and use their address for meetings.

When you organise your company this way, buyers would feel really confident about doing business with you and would tend to choose your business as their preferred partner.

4). Source For Buyers:

The next thing is to source for international buyers for your products. You can do this by registering on websites like:

• www.exportersindia.com
• www.alibaba.com
• www.linkedin.com

And several others.

You can also build an influential social account on LinkedIn and market your Lithium Ore Minerals to a unique business audience you’d build over time.

See Also: How To Find International Buyers For Your Import/Export Business

5). Export Your Products:

Upon sealing agreements with the buyers, getting issued an Irrevocable Corporate Purchase Order, signing a Sales and Purchasing agreement, and more, you can then proceed to ship the Lithium Ore Minerals or Lithium Concentrates to the buyer.

The shipment could be done on either Free On Board (FOB) or Cost, Insurance and Freight (CIF) basis. Where FOB means you cover the cost of the goods and every other thing till its arrival at the shipping point, and CIF means that you cover the cost of everything including insurance and transporting the goods to the buyer’s port of destination.

See Also: How To Start Exporting Zinc Ore Minerals & Concentrates From Nigeria To International Buyers

Challenges Of The Lithium Ore Minerals Or Lithium Concentrates Export Business

1). Lack of experience causes exporters to either purchase the wrong specifications, underprice or overprice their products, and much more.

2). Your mined Lithium Ore minerals or Lithium Concentrates en route a warehouse may get robbed or seized by government officials before arrival.

3). Fake buyers wasting exporters time with fake inquiries.

4). Most prospective entrepreneurs have little to no access to finance for their projects.

5). Most Lithium Ore or Lithium Concentrate sellers have poorly managed supply chains and may sometimes be unable to deliver.

6). Your time could be wasted as a result of long-term conversations with Lithium Ore Minerals or Lithium Concentrate buyers who have no real money to pay.

7). The large pool of fraudsters posing as Lithium Ore Minerals or Lithium Concentrate sellers makes it difficult for Lithium Ore Minerals or Lithium Concentrate buyers to trust you.

See Also: How To Start An Import/Export Business In Nigeria: A Short Guide

Conclusion

The Lithium Ore or Lithium Concentrate Mineral export business is a lucrative one for anyone who chooses to venture into the export of solid minerals from Nigeria. Depending on the quantity the buyer needs, your profit margins could be far higher or lower, but still substantial.

Starting a solid mineral export business in Nigeria with an initial focus on Lithium Ore Minerals or Lithium Concentrates is a way to not just only get into the industry, but a great start to building a long-term business that could someday employ thousands of people directly and indirectly.

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An Important Point

Trying to buy Lithium Ore Minerals or Lithium Concentrates from Nigeria through genuine sellers can lead to a lot of wasted time and efforts on the part of the Lithium Ore or Lithium Concentrate Minerals buyers. They spend a lot of time vetting sellers in Nigeria, doubting their results even if positive, and going back and forth too many times than they can count, only to end up either cancelling their decision to buy or making a purchase after months or years have passed.

Finding real Lithium Ore or Lithium Concentrate Mineral sellers in Nigeria can be a problem. To make this possible for Lithium Ore or Lithium Concentrate Mineral buyers, Startup Tips Daily Media, through her sister company, Globexia, can export Lithium Ore or Lithium Concentrate Minerals to genuine buyers from Nigeria or anywhere in the world.

Whatever will help buyers close genuine Lithium Ore Minerals or Lithium Concentrate export-based transactions fast, transparently, and easier, we can make the process as stress-free as possible.

Our Lithium Ore or Lithium Concentrate Mineral export business is completely transparent, and as a result, we will not deal with a buyer who intends to cut corners or outsmart any party in the course of the transaction.

If you’re a genuine Lithium Ore or Lithium Concentrate Mineral buyer, you can reach out to us through the contact form below. If you’d like us also to help you export most of your Lithium Ore Minerals or Lithium Concentrates, we’d be glad to do so with mutually agreed terms.

In addition to our Lithium Ore or Lithium Concentrate Mineral export business in Nigeria, we’re also Mica Mineral sellers in Nigeria, and can export Mica minerals to buyers around the world.

If you’re only a scam, don’t waste your time, as the conversation wouldn’t last too long after a few questions and demands to prove your authenticity have been made from our end.

Our Lithium Ore or Lithium Concentrate Mineral Trade Specifications are listed below:

Origin: Nigeria

Mineral Type: Lithium Ore / Lithium Concentrates / Lepidolite / Amblygonite / Spodumene / Petalite

Physical Specification: Based On Buyer’s Specification

Quantity: Based On Buyer’s Specification

Price: Negotiable / Metric Tonne

Trade Process: Ex Works/FOB/CIF

Payment Method: 100% irrevocable SBLC or L/C at sight from a top 25 prime bank

Shipping Time: 15 days after confirmation of L/C

Loading Port: Lagos, Nigeria

We look forward to hearing from you.

Thank you.

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What are your thoughts on this article on how to start the export of Lithium Ore Minerals, Lithium Concentrate Minerals, Lepidolite Minerals, Amblygonite Minerals, or Spodumene Minerals from Nigeria? Let me know by leaving a comment below.