- PRECISE
- DISCIPLINED
- PRACTITIONER LED
- INDIGENOUS
- FIRST MOVER
Intelligence that
runs your operations
West Africa's first commodity intelligence and risk management firm — built by practitioners who trade the same markets every day.
The Problem
01
02
Most producers and manufacturers only see prices. They don't see the market — and that gap is costing them margin every month.
↓
02
02
Commodity exposure is priced globally and moves daily. Without a practitioner behind the numbers, that exposure is managed on guesswork, not intelligence. West Africa has had no choice — until now.
Leading With Intelligence
Precise ·Disciplined ·Practitioner Led ·Regionally Embedded ·Globally Connected
West Africa's first integrated commodity intelligence, hedging, and physical trading firm
Replacing guesswork and same-day pricing with a structured, practitioner-grade framework — built from active physical market participation, not desk research.
01
We trade what we advise on
Terralix actively trades physical lead — sourcing from BPL Nigeria Limited and other Nigerian producers and selling to global commodity trading houses at LME-referenced prices. Our advisory credibility comes from being a market participant, not a market observer.
About our physical trading
02
Intelligence you can act on
Daily, weekly, and monthly briefings on base metals — written by a team with active positions in the markets they cover. Strategic Price Management goes further, applying that intelligence to the timing of every pricing decision.
Explore our services
The
TERRALIX
DIFFERENCE
Regional DepthInstitutional DisciplinePhysical Market Presence
Built for regional depth
The world's largest commodity trading conglomerates operate at global scale, with global clients and global infrastructure. They are not set up to serve West African manufacturers and producers at the depth this market requires. Terralix is built to operate at regional depth — with the same discipline, rigour, and market access, grounded in the realities of doing business in West Africa.
Intelligence you can act on
Strategic Price Management applies Terralix Intelligence to the timing of pricing decisions — extracting additional value that same-day hedging leaves on the table. Every hedged position carries a downside floor. The upside is captured through discipline and market knowledge, not speculation.
We carry the same risk
When Terralix advises a producer to lock in a price, Terralix is carrying an comparable position in its own trading operations. We are exposed to the same markets we help our clients navigate. That alignment is the foundation of everything we do.
First mover in the category
No comparable commodity intelligence and advisory firm currently operates in West Africa. Our clients are not choosing between providers. They are choosing between managing their commodity exposure and not managing it. We are the choice that did not exist until now.
Ideal For
Built for the businesses that carry real commodity exposure
Institutional-grade commodity intelligence at a scale that fits West African operations.
Manufacturers
$570M+
Annual copper exposure · West Africa's largest cable manufacturers
Cable, automotive, construction, and electronics manufacturers carry raw material cost exposure that moves every day — without a strategy to manage it.
Source: Terralix Intelligence · a leading West African cable manufacturer
Producers
Material
Margin protection potential at West African production scale
Smelters, refiners, and recyclers carry fixed operating costs against a selling price they do not control — until they engage a Terralix programme.
Source: Terralix Intelligence
Capital Partners
Zero
Comparable commodity advisory firms in West Africa before Terralix
Investors and capital providers seeking exposure to West Africa's commodity trading opportunity — as a lender, equity partner, or SMA account holder.
Source: Terralix Research
The Proof
We believe West African businesses deserve the same intelligence global trading houses keep to themselves
3–5%
Typical margin improvement captured with a structured Terralix pricing strategy.
5 Stage
Strategic Price Management process — from discovery and mapping to execution and continuous review.
100%
Of hedged positions carry a downside protection floor. We never leave your exposure without a floor.
Institutional
Annual revenue of global commodity trading houses — our global offtaker relationships — confirmation of real commercial standing in the physical market.
Manufacturers. Producers. Capital Partners.
We are building West Africa's commodity intelligence infrastructure. We want the right partners alongside us.
About Terralix
Built for the Markets.
Built for Africa.
Terralix Nigeria Limited is West Africa's first integrated metals trading and commodity price risk management firm — established in Victoria Island, Lagos to connect West African businesses to the intelligence, tools, and market relationships they need to compete on the world stage.
Our Story
01
02
The gap no one was filling. West African producers and manufacturers carry significant commodity price exposure, but very few have access to the tools, knowledge, or market relationships needed to manage it.
↓
02
02
The global trading houses that have made price risk management a science are not set up to serve mid-sized African businesses. They operate at global scale, with global clients. Terralix is built to operate at regional depth, with the same discipline and rigour — grounded in the realities of West Africa. We trade what we advise on.
Mission
Consistent value through disciplined execution
To deliver consistent value through disciplined metals trading, informed by market intelligence, advanced analytical tools, and strategic execution — creating competitive advantage for every client we serve.
Vision
The leading indigenous force in global metals trading
To become the leading indigenous force in global metals trading — recognised across West Africa and beyond for strategic excellence, market insight, and unwavering integrity in everything we do.
Core Values
01
Precision
Rigorous analysis and disciplined execution in every position we take and every recommendation we make.
02
Integrity
Transparent operations, uncompromising ethical standards, and client interests placed above all others.
03
Excellence
Institutional-grade quality in intelligence, strategy delivery, and client service — regardless of client size.
04
Exclusivity
Selective partnerships with businesses that are serious about managing their commodity exposure professionally.
Physical Market Presence
Our Sister Company
Our sister company operates one of Nigeria's leading battery recycling and lead processing facilities. The physical market is not abstract to us. It is what we do.
Operational Base
Nigeria
Direct physical market presence through Group operations in Lagos and Ogun State.
Primary Offtaker
Global Commodity Trading Houses
Global Commodity Trading House. Institutional annual revenue. LME-referenced settlement on every cycle.
Exchanges
LME
Active financial trading positions in lead, copper, aluminium, and zinc on the London Metal Exchange.
Status
First Mover
No comparable commodity intelligence and advisory firm operates in West Africa. We are the category.
Ready to explore what Terralix can do for your business?
Whether you are a manufacturer, a producer, or a capital partner — we want to hear from you.
Services
Four Products.
One Integrated System.
Each service can stand alone or combine into a complete price management programme. Intelligence feeds strategy. Strategy drives value. Value compounds over time.
SubscriptionTerralix Intelligence
Daily, weekly, and monthly briefings on base metals — written by a team with active market positions. A point of view, not a data feed.
AdvisoryRisk Management & Hedging
Bespoke hedging programmes for producers protecting output prices and manufacturers managing input cost exposure. Floor always maintained.
AdvisoryStrategic Price Management
Intelligence applied to timing. We identify the windows where the market offers you a better price — and execute before they close.
DiscretionarySMA Account Management
For clients with existing LME accounts — Terralix takes a discretionary mandate to manage the account using our SPM framework.
Terralix Intelligence
01
Daily Briefing
Price levels, key signals, and significant moves — delivered every trading day. The foundation of every informed commodity decision.
02
Weekly Briefing
A structured review of the week's price action, emerging trends, and the technical and fundamental picture for the week ahead.
03
Monthly Briefing
Macro forces, Chinese industrial output, energy costs, and dollar dynamics — and their strategic implications for your business.
Risk Management & Hedging
For Producers & Recyclers
Protect output prices
You carry fixed operational costs — energy, labour, logistics, plant maintenance. When output prices fall, your margin disappears. A Terralix hedging programme locks in your output price at identified high points, with a floor always in place so you never sell below the minimum acceptable level.
For Manufacturers & Buyers
Protect input costs
Your raw material cost is set by a global market that moves every day. Without a strategy to manage that movement, your margin is at the mercy of forces entirely outside your control. Terralix maps your procurement cycle and builds a programme that stabilises your input cost within defined parameters.
Strategic Price Management
SPM
Every pricing decision has an optimal moment. Standard hedging ignores it. SPM finds it — consistently, measurably, with the downside always protected.
For Manufacturers
Better prices on every procurement cycle
A 3–5% improvement on annual copper procurement — the typical range Terralix targets — can represent multiples of the programme cost for a significant-scale buyer. The value scales directly with procurement volume.
For Producers
Margin locked before the market moves
A producer who consistently prices output at elevated levels — rather than at whatever the market offers on the day — captures a material spread over the same volume. That spread, compounded across a production year, significantly outweighs the cost of the programme.
SMA Account Management
For clients with existing LME accounts — Terralix takes a discretionary trading mandate to operate the account using the SPM framework. The client retains full ownership and transparency. Terralix delivers the returns.
01
Client owns the account
The LME account and all capital remain in the client's name at all times. No pooling of capital. Full ownership throughout.
02
Terralix manages positions
Discretionary mandate within defined parameters — governed by the Investment Management Agreement. Monthly reporting included.
03
Five-layer risk framework
Mandate limits · Hard drawdown stop · Trading Reserve (sinking fund) · Performance hurdle · Terralix co-investment.
04
Trading Reserve protection
40% of profits credited to a reserve. Losses drawn from the reserve before touching client principal. Your capital is the last at risk.
The Programme
Start where you are. Grow as you need.
Entry Point — Terralix Intelligence
Market awareness, delivered daily, weekly, and monthly. The foundation of every informed commodity pricing decision your business makes.
Protection — Risk & Hedging
Margin protection built around your specific business — production cycle, procurement cadence, and risk tolerance. Floor always in place.
Maximum Value — Strategic Price Mgmt
Intelligence-led timing of every pricing decision. Extracts more value than standard hedging allows. Consistently outperforms the same-day baseline.
Full Discretionary — SMA Management
A professionally managed discretionary service for clients with existing LME accounts — built on the Terralix Intelligence framework, with formal mandate structure and complete monthly transparency.
Ready to explore what Terralix can do for your business?
From subscription intelligence to full discretionary management — we will design the right programme for your situation.
Who We Serve
Built for the Businesses
That Move Base Metals
Terralix serves two distinct groups — those who buy metals to manufacture with, and those who produce metals to sell. The exposure is different. The pain is different. The solution is tailored to each.
Manufacturer & Industrial Buyer Profile
01
02
Your biggest cost line moves every day. Without a strategy, every procurement order is a bet on the direction of a global market you do not control.
±80%+
Copper peak-to-trough price swing over the past three years
3–5%
Typical margin improvement captured with a structured Terralix pricing strategy
Significant
Financial impact of a 10% copper price swing on a large-scale manufacturer with no strategy
24/7
Global commodity markets move continuously — with or without a strategy to manage the exposure
The Scale of the Problem
01
West Africa's largest manufacturers carry commodity procurement exposure that is significant by any measure. Without a structured intelligence layer, that exposure is managed on guesswork — absorbed into the cost base every single cycle.
The Core Problem
Buying without intelligence
Copper prices have swung by over 80% between their highs and lows in recent years. For a manufacturer processing significant volumes, the financial implications of that volatility are severe. The difference between buying at a market high and buying with an intelligence layer in place can represent a meaningful share of annual operating margin.
The Naira Dimension
Two unmanaged exposures at once
All base metals are priced in US dollars. When the Naira weakens against the dollar at the same time LME prices rise, a Nigerian manufacturer is hit on both dimensions simultaneously — raw material cost and exchange rate — with no structured hedge in place to absorb either.
Producer, Smelter & Recycler Profile
02
02
You built the plant. You carry the cost. Don't let the market take the margin. Your production costs are fixed. Your selling price is not — unless you have a strategy.
40%+
Lead price trading range in recent years — significant swing for any producer carrying fixed operational costs
60%+
Aluminium price range in recent years · direct threat to producer margins
Fixed
Your production costs — energy, labour, logistics, plant — regardless of output price
Variable
Your selling price — set by a market you do not control, unless you have a Terralix programme
Active Engagement
02
Among the newest and most ambitious entrants to West Africa's metals production sector, major aluminium recycling operations are now being commissioned at scale — producing export-grade aluminium ingots for Asian and European markets. Protecting the margin on that output from day one of production is exactly the use case Terralix is built for.
Value in Practice
A representative value scenario — a leading West African aluminium producer-scale aluminium producer
20,000 metric tonnes per annum against 44,000 MT installed capacity · ADC 12-grade aluminium ingots
The Producer's RealityFixed costs, variable price
Energy, processing, logistics, and plant costs run regardless of what the LME aluminium price does on any given day. The margin between the two is what a Terralix programme protects.
Without a StrategySelling when the market dictates
When prices fall after production has begun, an unprotected producer sells at whatever the market offers. The difference between that price and the cost of production is the margin — if any remains.
With TerralixPricing before the market moves
Terralix Intelligence identifies elevated price levels and advises locking in the output price before conditions deteriorate. The result is a materially better margin on the same volume — with the downside always protected.
The Principle
The margin your plant was built to generate deserves a strategy to protect it
At scale, even a 3–5% improvement on output pricing — the typical range a Terralix programme delivers — represents a return that dwarfs the cost of the programme many times over. The cost of not acting is not zero.
Market Position
vs
The global firms have capital at scale. Terralix has the market. We operate where they do not — inside West Africa's industrial base.
| Firm | Model | West Africa Advisory | Indigenous | Intelligence + Physical + Advisory |
|---|
Global Integrated
Mining Conglomerate | Integrated mining and trading at global scale · commodity advisory not a focus | Not present | No | No |
Global Pure-Play
Trading House | Pure trading, billion-dollar counterparties only · No regional advisory capability | Not present | No | No |
Global Multi-Commodity
Merchant | Building metals capability globally · No regional depth or advisory presence | Not present | No | No |
| Terralix ✦ | Physical + Intelligence + Advisory — integrated | First mover | Lagos | Yes |
The Five-Stage Process
How Strategic Price Management works
Stage 1Discover
Profile your business, volumes, procurement cadence, and existing commodity exposure.
Stage 2Map the Cycle
Understand purchase windows, sales windows, financing cycles, and physical lead times.
Stage 3Apply Intelligence
Overlay Terralix's technical and fundamental market analysis on your procurement or production plan.
Stage 4Execute
Construct the position and place downside protection. The floor is set before any execution.
Stage 5Monitor & Review
Continuous review against the benchmark. Monthly reporting. Programme adjusted as your cycle evolves.
Ready to manage your commodity exposure?
From mid-sized manufacturers to producers scaling toward full capacity — we will design the right programme for your situation.
Physical Trading
From Nigerian Producers
to global commodity trading houses.
Terralix sources refined lead ingots from BPL Nigeria Limited and other Nigerian producers and sells to global commodity trading houses at LME-referenced prices. We carry real market risk every day — and the intelligence we generate informs everything we advise on.
The Trading Model
01
02
We are a commodity merchant. We buy refined lead from Nigerian producers and sell to global trading houses at LME-referenced prices. The margin is the spread. The intelligence is the edge.
↓
02
02
That physical market participation gives Terralix an information edge that purely advisory firms cannot replicate. When Terralix advises a producer to lock in a price, we are carrying an position informed by the same market intelligence.
The Trading Flow
SourceNigerian Producers
BPL Nigeria Limited — battery recycling and lead processing in Nigeria — plus other Nigerian lead smelters and recyclers. Known quality, reliable volumes.
ProcessRefined Lead Ingots
Refined to LME-registered export standard. Certified quality accepted by global commodity trading houses and industrial end-users worldwide.
DeliverGlobal Delivery
Shipped to international offtakers — insured, documented, and fully traceable at every stage. Export logistics managed by Terralix's operations team.
SettleLME-Referenced Price
Settlement at LME-referenced prices on agreed trade terms. Transparent, auditable, and repeatable on every working capital cycle.
Primary Global Offtaker
Primary Global Offtaker
Global Commodity Trading Houses
One of the world's largest commodity trading houses with annual revenues in the hundreds of billions. Global commodity trading houses operate at the highest institutional level in the world's commodity markets. Terralix's offtake relationships with firms of this calibre confirm our real commercial standing in the physical lead market — eliminating demand-side risk on every trading cycle and providing LME-referenced pricing that is transparent and auditable.
Institutional
Grade offtakers · LME-referenced settlement
Why Physical Trading Matters
01
Information edge
Physical market participation gives Terralix access to price signals, supply dynamics, and logistical intelligence that purely financial participants do not observe. That information flows directly into our intelligence briefings and advisory recommendations.
02
Credibility
Our market views are shaped by active participation in the physical commodity markets — not by observing from the sidelines. When we give you a view on base metals pricing, that view is the same one that informs how we run our own trading operations. The intelligence is not theoretical. It is operational.
03
Network
The global commodity trading houses relationship demonstrates institutional commercial standing. The BPL relationship demonstrates operational depth in the Nigerian physical market. Both flow into everything we do for advisory clients.
Expanding Supply Network
Terralix is actively expanding its supplier network beyond BPL Nigeria Limited to include additional Nigerian lead producers — reducing concentration and increasing the volume of physical lead available to trade on every cycle.
Primary Supplier
BPL Nigeria Limited
Battery recycling and lead processing · Nigeria
Growing Network
Other Producers
Nigerian lead smelters and battery recyclers · supply network in active development
Product Standard
LME Grade
Export standard refined lead ingots · accepted by global commodity trading houses
Primary Offtaker
Global Offtakers+
Additional global trading house relationships in active development
Interested in our physical trading operations?
Whether you are a Nigerian lead producer looking for an offtake partner, or a global buyer seeking West African supply — we want to hear from you.
Get In Touch
Let's talk about your
commodity exposure
Whether you are a manufacturer managing input costs, a producer protecting output margins, or a capital partner exploring the West Africa commodity opportunity — our team wants to hear from you.
Manufacturers. Producers. Capital Partners.
We are always looking for the right partners to help build West Africa's commodity intelligence infrastructure