Nigeria is richly blessed with Lithium and other diverse minerals for export.

Good time readers and compliment of the season to everyone both in Nigeria and in diaspora.

Today am going to talk about “Lithium ” as one of the aboundant mineral resources we have in Nigeria having a high demand in international Trade market.

Lithium

Do you know that Nigeria is  highly rich in  “Lithium” as one of the country’s mineral resources having a very high demand in international Trade as the world technology depends on solar energy?

Nigeria is home to substantial reserve of Lithium, which is a key component in the production of batteries for electric vehicles, smartphones, and other electronics.

As demand for these products continues to increase, the demand for Lithium is also on the rise.

Read Also: Trust Is Paramount In International Trade

Given Nigeria’s untapped potential for lithium production, there is growing interest in the country’s Lithium reserve in international trade circles.

Companies from around the world are looking to secure access to Nigeria and Africa at large Lithium resources, which could help to meet the growing global demand for this important element.

As I said earlier, Lithium has become increasingly important in recent years due to its use in lithium-ion batteries, which are used to power a wide range of devices, including electric vehicles, mobile phones, and laptops.

Lithium-ion batteries are appealing because they have a high energy density and can be recharged many times.

Lithium is also used in a variety of other applications, including glass and ceramic manufacturing, lubricants, and pharmaceuticals.

Additionally, research is being conducted into the use of Lithium in fusion power, hydrogen storage, and the production of synthetic fuels.

Similarly, Lithium is used in the production of glass such as glass for television screens, as it helps to improve transparency and reduce brittleness.

In pharmaceuticals Companies, Lithium is used in some drugs as a treatment for bipolar disorder.

Lithium is also used to make alloys, such as aluminum-lith aluminum

Stay with me for my next topic for more business potentials and opportunities as well as trade financing using trustable trade instruments and financial solutions in mitigating the risk associated with none payment and fraud when engage in cross borders business.

Hauwa Yakubu is an International Trade Finance Consultant
+2348062245017

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