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Paving the way for a cleaner future

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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.

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European battery cell capacity by 2030 is estimated to be sufficient for approximately 15 million electric cars per year.

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According to market research, the European battery cell capacity by 2030 will be approximately 1,000 GWh annually.

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European cell capacity by 2030 will require annual production of approximately 1,600 kt of cathode active material (CAM).

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Cathode active material (CAM) capacity by 2030 will require approximately 1,500 kt of precursor production (pCAM) annually.

Our Annual Report 2023

Finnish Minerals Group Annual Report for 2023 is available on our website in pdf format.

Click here to see the report.

News releases

Here you can see our latest news.

News / 17.06.2024

Survey: Battery materials plants have broad support in Kotka and Hamina

According to a survey commissioned by Finnish Minerals Group, awareness of battery materials and plant projects has increased among the residents of Kotka and Hamina in Finland.

According to a survey commissioned by Finnish Minerals Group, awareness of battery materials and plant projects has increased among the residents of Kotka and Hamina in Finland.

News / 11.06.2024

Minna Smedsten appointed to the Board of Directors

Our Board of Directors now has eight members.

Our Board of Directors now has eight members.

News / 04.06.2024

Sokli could double European phosphate production and strengthen domestic raw material production

In addition to phosphate, the deposit contains significant quantities of rare earth elements that are both essential for the transition to renewable energy and important raw materials for the defence industry.

In addition to phosphate, the deposit contains significant quantities of rare earth elements that are both essential for the transition to renewable energy and important raw materials for the defence industry.

Businesses for creating value

We aim 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

Sokli could double European phosphate production and strengthen domestic raw material production

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.

Sokli could double European phosphate production and strengthen domestic raw material production

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.

Sokli could double European phosphate production and strengthen domestic raw material production

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.

Sokli could double European phosphate production and strengthen domestic raw material production

Adven-FMG Sodium Sulphate Solutions Oy

Adven and Finnish Minerals Group have been 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 could double European phosphate production and strengthen domestic raw material production

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.

Sokli could double European phosphate production and strengthen domestic raw material production

Easpring Finland New Materials Oy

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.

Sokli could double European phosphate production and strengthen domestic raw material production

Vaasa anode material project

We are evaluating the feasibility of establishing a plant in Vaasa to produce the anode material needed in electric car batteries. Our partner is Epsilon Advanced Materials.

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.