How To Start The Lucrative Export Of Nickel Ore & Nickel Concentrates From Nigeria To International Buyers

Nigeria has a Nickel ore deposit spanning over 21 kilometres in Kaduna, making it one of the most coveted places in the world for international buyers to purchase NOreel ore. This vast deposits creates a great opportunity for people living in Nigeria and have an interest in Nickel ore mining or export to take advantage of.

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 Nickel Ore.

International buyers all over the world are always looking to purchase Nickel 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 make venturing into the export of Nickel 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 Nickel Ore Minerals Or Nickel Concentrates?

Nickel Ore minerals are rocks containing Nickel, which is a chemical element with the symbol Ni and atomic number 28.

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

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

Nickel Ore minerals or Nickel concentrate export is the export of Nickel from Nigeria to international buyers located in various parts of the world. It is exported in either the Nickel Ore form or the Nickel 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 Aquamarine Gemstone From Nigeria To International Buyers

Facts About Nickel Ore Minerals Or Nickel Concentrates Export

• Nickel is mainly found in the Northern part of Nigeria.
• Nickel Ore mining or processing can create a great source of employment.
• Nickel is a chemical element with symbol Ni and atomic number 28.
• Nickel is believed to be the second most abundant element in the earth’s core
• Nickel is mainly used in making alloys such as stainless steel.
• Nickel nickel is mainly used to make corrosion-resistant alloys like stainless steel (65%), heat-resistant steel and non-ferrous alloys (20%), and about 9% of nickel is used for plating. The other 6% is used for batteries, electronics, and coins.
• The profit margins on the sale of Nickel Ore or Nickel 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 Nickel Ore in the world.
• There are Nickel deposits in Kaduna State.
• Nickel Ore minerals and Nickel Concentrates prices are calculated in metric tonnes.

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

Business Opportunities In Nickel Ore Minerals Or Nickel Concentrates Export

1). Nickel Ore Minerals Export:

The first layer of the mineral is the Nickel Ore. Depending on the percentage, Nickel Ore is usually sold at varying prices at the mines 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 Nickel Ore from Nigeria can be anywhere from 15% to some rare cases of over 100%. But essentially, the price is usually at a certain percentage off the London Metal Exchange (LME) price.

2). Nickel Concentrates Export:

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

The prices per metric tonne for Nickel concentrates are largely determined by the London Metal Exchange (LME), and depending on what the LME price is at any point, the profit margins you’d earn is greatly dependent on how much you were able to procure the mineral.

3). Nickel 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, Nickel Ore and Nickel Concentrates Brokerage.

You could venture into the Nickel 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: How To Start Exporting Zinc Ore Minerals & Concentrates From Nigeria To International Buyers

Setting Up Your Nickel Ore Minerals Or Nickel Concentrates Export Business

1). Register Your Export Business:

The first step to starting a Nickel Ore or Nickel 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 Nickel Ore Minerals or Nickel 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.

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 Nickel 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 Nickel Ore Minerals or Nickel 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 Lead Ore Minerals & Concentrates From Nigeria To International Buyers

Challenges Of The Nickel Ore Minerals Or Nickel 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 Nickel Ore minerals or Nickel 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 Nickel Ore or Nickel 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 Nickel Ore Minerals or Nickel Concentrate buyers who have no real money to pay.

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

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

Conclusion

The Nickel Ore or Nickel 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 Nickel Ore Minerals or Nickel 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.

An Important Point

Trying to buy Nickel Ore Minerals or Nickel Concentrates from Nigeria through genuine sellers can lead to a lot of wasted time and efforts on the part of the Nickel Ore or Nickel 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 Nickel Ore or Nickel Concentrate Mineral sellers in Nigeria can be a problem. To make this possible for Nickel Ore or Nickel Concentrate Mineral buyers, Startup Tips Daily Media, through her sister company, Globexia, can export Nickel Ore or Nickel Concentrate Minerals to genuine buyers from Nigeria or anywhere in the world.

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

Our Nickel Ore or Nickel 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 Nickel Ore or Nickel 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 Nickel Ore Minerals or Nickel Concentrates, we’d be glad to do so with mutually agreed terms.

In addition to our Nickel Ore or Nickel 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 Nickel Ore or Nickel Concentrate Mineral Trade Specifications are listed below:

Origin: Nigeria

Mineral Type: Nickel Ore / Nickel Concentrates

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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