Market News
World’s most wanted mineral lures $800m to Nigeria - BUSINESSDAY
A global scramble for lithium, the mineral critical to electric vehicles or clean energy, is rapidly reshaping Nigeria’s mining sector as the country prepares to commission two major lithium processing plants this year.
The development signals a significant policy shift from raw mineral exports to value-added domestic production, potentially positioning Nigeria as a key player in the global energy supply chain. Dele Alake, minister of solid minerals development, announced that a $600 million lithium processing plant, located near the bord.
A global scramble for lithium, the mineral critical to electric vehicles or clean energy, is rapidly reshaping Nigeria’s mining sector as the country prepares to commission two major lithium processing plants this year.
The development signals a significant policy shift from raw mineral exports to value-added domestic production, potentially positioning Nigeria as a key player in the global energy supply chain. Dele Alake, minister of solid minerals development, announced that a $600 million lithium processing plant, located near the border.
