…says Nigeria, Africa should set global price
As part of efforts to protect ever-expanding Africa’s solid minerals market in terms of pricing and full optimisation of the market, Beldium Inc has created an intelligence platform meant to check underpricing and underexploitation of Africa’s solid minerals.
Recall that the African Extractive Minerals Development Bank (AEMBank) has put the Africa’s minerals reserves value to $3 trillion and Nigeria, according to Dele Alake, the Minister of Solid Minerals Development, accounts for 25%, representing $750 billion.
Consequently, some experts like David Obi, Founder of Beldium Inc, have moved to arrest the situation by launching a Pan-African Mineral Intelligence and Supply Chain Platform that is designed to shift African miners from price takers to price setters in global commodity markets.
Speaking at a Lagos Launch of Beldium Inc, a Pan-African Intelligence Platform with a focus on Africa’s mineral pricing infrastructure, supply chain, market systems, policy-tech, among others, David Obi, Founder of Beldium Inc, declared that the firm was launched to offer an effective solution to perceived difficulties plaguing the Africa’s solid minerals market, thereby allowing the players to fully optimise the potentials and improve Africa’s revenue.
He said, “Africa produces many of the strategic minerals critical to the global energy transition, yet pricing power remains largely external, set by foreign benchmarks disconnected from on-ground realities.
“Beldium was created to correct this structural imbalance by building the infrastructure, data systems, and coordination required for unified African mineral pricing, beginning with lithium in Nigeria.
“Beldium Inc is building Africa’s mineral pricing infrastructure through data-driven supply-chain systems, compliance technology, and market-design innovation.
“At its core, Beldium is not a marketplace, it’s a transactional data system, a compliance engine and a pricing foundation that unites miners across all 36 Nigerian States, FCT and Africa, enabling transparent trade, traceability and collective price discovery aligned with African economic interests.
”Beldium operates at the intersection of mineral supply-chain digitisation, market infrastructure and price-index design, and deep collaboration across Government, institutional, and private-sector stakeholders.
“The platform is built to support African industrial policy objectives, strengthen regulatory oversight, and drive long-term GDP expansion 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 durable national value creation.
“The company actively engages with development finance institutions, government agencies and regulators, startup ecosystems and innovation hubs, and global OEMs, refiners, and energy-transition stakeholders.
“The ambition is simple but consequential,” the founder added. “To build systems that outlive individuals, strengthen institutions, and reposition Africa as a market-maker, not a price follower, in global resource trade.”
