Skip to main content

Paving the way for a cleaner future

[]

Electrification of transport and the growing demand for lithium-ion batteries require new industrial operations throughout the value chain – from mines to battery cell production. Finnish Minerals Group is developing a responsible battery value chain in Finland. At the same time, we contribute to supporting the European Green Deal, according to which Europe aims to achieve climate neutrality by 2050.

0 million

European battery cell production by 2031 is estimated to be sufficient for approximately 30 million electric cars per year.

0 GWh/a

According to market research, the European battery cell production by 2031 will be approximately 1,200 GWh annually.

0 kt/a

European cell production by 2031 will require annual production of approximately 1,870 kt of cathode active material (CAM).

0 kt/a

European CAM production by 2031 will require approximately 1,780 kt of precursor production (pCAM) annually.

Businesses for creating value

Our aim is to increase the value of Finnish minerals by developing the value chain of lithium-ion batteries in Finland. Our projects now extend from mines to battery chemicals and materials.

Portfolio companies and development projects

Terrafame Oy

Our subsidiary Terrafame produces nickel and cobalt sulphates for lithium-ion batteries. The company provides its customers with a transparent, traceable and truly European battery chemical supply chain.

Keliber Oy

Keliber is a mining and battery chemicals company that aims to start production of lithium hydroxide in 2025. In addition to mining operations, the company is preparing to establish a chemical plant.

CNGR Finland Oy

CNGR Finland is preparing a plant to produce precursor material in Hamina. The company is targeting at establishing a state-of-the-art pCAM plant with an unprecedentedly low carbon footprint.

Adven-FMG Sodium Sulphate Solutions Oy

Adven and Finnish Minerals Group are developing a circular economy-based concept for the processing of sodium sulphate in industrial wastewater. The aim is to create industrial solutions on the basis of a service model.

Sokli Oy

Sokli, located in Savukoski is a globally unique area of mineral resources. We are currently performing a comprehensive assessment of the full potential of the deposit and the profitability of mining operations.

Kotka CAM project

The plant designed to be established in Kotka will produce the cathode active material needed to manufacture lithium-ion batteries. Our partner in the project is Beijing Easpring Material Technology listed on the Shenzhen Stock Exchange.

News releases

Here you can see our latest news and blog posts.

News / 19.01.2023

Global Battery Alliance launched the world’s first battery passport proof-of-concept

The prototype battery passports launched at the World Economic Forum’s Annual Meeting in Davos include example data from electric vehicle manufacturers.

The prototype battery passports launched at the World Economic Forum’s Annual Meeting in Davos include example data from electric vehicle manufacturers.

News / 16.01.2023

CEO Matti Hietanen appointed as Chair of the Finnish Battery Industries

Battery companies in Finland have established an industry association. Nine companies have joined it as founding members.

Battery companies in Finland have established an industry association. Nine companies have joined it as founding members.

News / 02.12.2022

Finnish Minerals Group and Adven aim for industrial recycling of sodium sulphate

The parties intend to carry out a plant-scale project that would make it technically and economically feasible to partially recycle water containing sodium sulphate at a battery material facility.

The parties intend to carry out a plant-scale project that would make it technically and economically feasible to partially recycle water containing sodium sulphate at a battery material facility.

Sustainability

Social responsibility is at the core of our work

Our responsibility efforts aim for societal impact, development of value chain sustainability, and the minimisation of environmental and climate impacts. This work is an integral part of the company strategy and business operations. 

Read more about our sustainability.