…claims that Nigeria and Africa should set global prices
As part of its efforts to protect the ever-expanding African solid minerals market in terms of pricing and complete market optimization, Beldium Inc has created an intelligence platform aimed at checking the underpricing and under-exploitation of African solid minerals.
Recall that the African Extractive and Mineral Development Bank (AEMBank) estimates the value of Africa’s mineral reserves at $3 trillion. According to the Minister of Solid Minerals Development, Dele Arake, Nigeria accounts for 25%, worth $750 billion.
As a result, some experts, such as Beldium founder David Obi, are moving to arrest the situation by launching the Pan-African Minerals Intelligence and Supply Chain Platform, which aims to move African miners from price setters to price setters in global commodity markets.
Speaking at Beldium Inc’s launch in Lagos, Mr. David Obi, Founder of Beldium Inc, a pan-African intelligence platform focused on Africa’s mineral pricing infrastructure, supply chain, market systems, policy technology, etc., declared that the company was established to provide effective solutions to the perceived challenges plaguing Africa’s solid minerals market, thereby enabling players to fully optimize their potential and improve Africa’s bottom line.
“Africa produces many of the strategic minerals essential to the global energy transition, but pricing power is largely external and set by foreign standards divorced from realities on the ground,” he said.
“Beldium was created to correct this structural imbalance by building the infrastructure, data systems and coordination needed for unified mineral pricing in Africa, including lithium in Nigeria.
“Beldium Inc is building Africa’s mineral pricing infrastructure through innovations in data-driven supply chain systems, compliance technology and market design.
“In essence, Beldium is not a marketplace, but a trade data system, compliance engine, and price infrastructure that unites miners in all 36 states of Nigeria, the FCT, and Africa, enabling transparent trade, traceability, and collective price discovery in line with Africa’s economic interests.
“Beldium operates at the intersection of mineral supply chain digitization, market infrastructure and price index design, and close collaboration between government, institutional and private sector stakeholders.
“This platform is built to support Africa’s industrial policy objectives, strengthen regulatory oversight and drive long-term GDP growth through value capture at the source.
“Through Beldium, regulators, miners, financiers, and global buyers operate on a single, trusted system, unlocking accountability, fair pricing, and the creation of lasting national value.
“The company actively engages with development finance institutions, government agencies and regulators, startup ecosystems and innovation hubs, global OEMs, refiners and energy transition stakeholders.
“The goal is simple but consequential,” the founder added. “Building systems that outlive the individual, strengthening institutions and repositioning Africa as a market maker rather than a price follower in global resource trade.”
