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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 production by 2030 is estimated to be sufficient for approximately 26 million electric cars per year.

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According to market research, the European battery cell production by 2030 will be approximately 1,300 GWh annually.

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European cell production by 2030 will require annual production of approximately 2,000 kt of cathode active material (CAM).

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European CAM production by 2030 will require approximately 1,900 kt of precursor production (pCAM) annually.

News releases

Here you can see our latest news.

News / 12.02.2024

Environmental permit approved for the Hamina pCAM plant

The plant project is driven forward by our associated company CNGR Finland Oy.

The plant project is driven forward by our associated company CNGR Finland Oy.

News / 12.02.2024

Finnish Minerals Group and Anglo American to explore joint opportunities to further support Finland’s battery strategy

Finnish Minerals Group and Anglo American, one of the largest mining companies globally, have signed a memorandum of understanding (“MoU”) to work together to explore opportunities to further support Finland’s battery strategy.

Finnish Minerals Group and Anglo American, one of the largest mining companies globally, have signed a memorandum of understanding (“MoU”) to work together to explore opportunities to further support Finland’s battery strategy.

News / 17.01.2024

Assessment: Kotka cell production plant would significantly enhance the economy and employment

According to an economic impact assessment, the plant would generate nearly EUR 500 million of new annual tax revenue.

According to an economic impact assessment, the plant would generate nearly EUR 500 million of new annual tax revenue.

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

Assessment: Kotka cell production plant would significantly enhance the economy and employment

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.

Assessment: Kotka cell production plant would significantly enhance the economy and employment

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.

Assessment: Kotka cell production plant would significantly enhance the economy and employment

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.

Assessment: Kotka cell production plant would significantly enhance the economy and employment

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.

Assessment: Kotka cell production plant would significantly enhance the economy and employment

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.

Assessment: Kotka cell production plant would significantly enhance the economy and employment

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.

Assessment: Kotka cell production plant would significantly enhance the economy and employment

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.