Zinc

🇺🇸USD/NGN₦1,365.69▲
🇬🇧GBP/NGN₦1,857.07▼
🇺🇸USD/NGN₦1,365.69▲
🇬🇧GBP/NGN₦1,857.07▼
🇪🇺EUR/NGN₦1,611.93▲
🇯🇵JPY/NGN₦8.69▲
🇨🇦CAD/NGN₦997.72▼
🇦🇺AUD/NGN₦955.66▲
🇨🇳CNY/NGN₦196.81▼
🇸🇦SAR/NGN₦364.14▲
🇿🇦ZAR/NGN₦84.72▼
🇺🇸USD/NGN₦1,365.69▲
🇬🇧GBP/NGN₦1,857.07▼
🇪🇺EUR/NGN₦1,611.93▲
🇯🇵JPY/NGN₦8.69▲
🇨🇦CAD/NGN₦997.72▼
🇦🇺AUD/NGN₦955.66▲
🇨🇳CNY/NGN₦196.81▼
🇸🇦SAR/NGN₦364.14▲
🇿🇦ZAR/NGN₦84.72▼

 

 

Zinc in Nigeria

Zinc Mining Nigeria

Zinc is a versatile industrial metal in Nigeria, primarily used for galvanizing steel, alloy production, and construction materials. Zinc deposits are closely associated with lead ores in northern Nigeria, particularly in states like Zamfara, Kebbi, and Niger. The metal is essential for corrosion protection and manufacturing of electrical components, roofing materials, and batteries.

Despite its importance, Nigeria’s zinc mining sector is largely artisanal, and most zinc-bearing ores are exported in raw form. There is high potential for investment in mechanized extraction, beneficiation, and local alloy production.

Major Producing States

  • Zamfara – Lead-zinc mining areas with artisanal activities.
  • Kebbi – Secondary zinc deposits supporting small-scale mining.
  • Niger – Zinc deposits often mined with lead.
  • Kogi – Emerging zinc ore sites.

Uses of Zinc

Zinc is mainly used for galvanizing steel to prevent corrosion, alloy production such as brass, die-casting metals, and battery production. Its industrial significance spans construction, automotive, and electrical industries.

Market Demand and Investment Potential

Growing construction and manufacturing sectors in Nigeria and West Africa are driving zinc demand. Investment opportunities include mechanized mining, smelting, galvanizing plants, and alloy production. Developing local zinc processing capabilities can reduce imports, increase employment, and promote industrialization.

Challenges

  • Predominantly artisanal mining
  • Poor processing and refining capacity
  • Environmental and safety hazards
  • Limited infrastructure and logistics

Future Outlook

With modern mining technologies, improved regulatory frameworks, and beneficiation facilities, Nigeria’s zinc sector has the potential to supply domestic and regional industrial needs while generating export revenues. Strategic investment can unlock the full economic potential of this underutilized metal.

🇳🇬 Nigeria Commodity Prices

Current vs previous market prices (₦/kg & 50kg)

Commodity ₦/kg (Current) ₦/kg (Previous) Change ₦/50kg (Current) ₦/50kg (Previous)
Rice (Local) 1200 1500 45000 57500
Beans (White) 1500 1800 60000 80000
Maize 900 1250 36000 47000
Garri 950 1100 34000 42000
Millet 700 900 32000 45000
Sorghum 750 900 36000 45000
Soybeans 1300 1600 55000 80000
Yam (Tuber) 1000 1200 25000 32500
Tomatoes (Dry) 720 1000 36000 50000
Pepper (Dry) 950 1200 46000 60000
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