Antimony Mining in Nigeria Explained: Deposits, Uses and Value
16 October 2026 - Naira BriefingAntimony is used in flame retardants, batteries and alloys, and is increasingly seen as a strategic mineral. Nigeria has occurrences that draw interest, and traded antimony earns dollars, linking it to our commodity prices.
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How it works
- Mining — ore extracted and sorted.
- Processing — smelted and refined.
- Export — sold to industrial buyers, priced in dollars.
Why the dollar matters
Prices are set globally in dollars, so a producer’s naira earnings move with the price and the exchange rate — the same economics as lead and zinc and tin. Value-added processing keeps more of that value at home.
Exporting antimony and converting proceeds? Message us — we settle dollar earnings to naira at a market-based rate.
Exporting minerals?
We convert your dollar proceeds to naira at a market-based rate, cleanly.
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