Nigeria Announces Major Polymetallic Discovery Containing Copper and Other Critical Minerals

Published: Jun 29, 2026 09:55

Save

Nigeria has announced the discovery of a new polymetallic mineral province in Kaduna State containing copper, nickel, lithium, rare earth elements, platinum group metals and gold, describing it as one of the country's most significant critical minerals discoveries in recent years. The discovery was made by Steron Mining in collaboration with the Nigerian Geological Survey Agency (NGSA). At the same time, Steron Mining reported approximately 3.3 million tonnes of lithium reserves at its Abuja project, with total mineral resources estimated at 94.8 million tonnes. The Nigerian government said it will continue promoting domestic mineral processing and value-added development to strengthen its position in the global critical minerals supply chain. That infrastructure, power supply and regulatory challenges remain key factors affecting future project development.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

6 hours ago

After Delivery, Sharp Drop in Copper Prices Curbs Suppliers' Shipments [SMM Secondary Copper Daily Review]

6 hours ago

LME Copper Inventories Rise by More Than 10kt in Two Days, Copper Prices Touch $14,000 at Low Levels

LME copper inventories increased for two consecutive trading sessions. On August 14, LME copper inventories increased by 2,850 mt to 207,800 mt, and on August 17, inventories further increased by 15,700 mt to 223,600 mt. The cumulative increase over the two trading sessions was 18,600 mt, representing a growth rate of about 9.1%. In particular, warehouse inflows reached 17,500 mt on August 17, driving a sharp rebound in inventories that day. In terms of warrant structure, as of August 17, LME copper registered warrants increased to 123,100 mt, up by 20,000 mt from August 14. Registered warrants increased significantly and the ratio of cancelled warrants declined; as inventories increased, intraday copper prices touched a low of around $14,000/mt.

6 hours ago

Shanghai Guochu Supports the Creation of the Bilingual Chinese-English Edition of the 2027 SMM China Copper Industry Chain Distribution Map.

6 hours ago