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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 2031 is estimated to be sufficient for approximately 30 million electric cars per year.

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

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

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

News releases

Here you can see our latest news.

News / 30.10.2023

New minerals containing rare earth elements found in Sokli

Kukharenkoite and cordylite have been found for the first time in Finland in a deposit owned by Finnish Minerals Group.

Kukharenkoite and cordylite have been found for the first time in Finland in a deposit owned by Finnish Minerals Group.

News / 11.09.2023

Exploration drilling started at Sokli

Solid baseline data reduces research costs and impact on the environment.

Solid baseline data reduces research costs and impact on the environment.

News / 28.07.2023

Finnish Minerals Group and Beijing Easpring to establish a JV company to advance the CAM plant project in Kotka

The parties have agreed to establish a joint venture company of which Beijing Easpring will own 70 per cent and Finnish Minerals Group 30 per cent.

The parties have agreed to establish a joint venture company of which Beijing Easpring will own 70 per cent and Finnish Minerals Group 30 per cent.

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

Finnish Minerals Group and Beijing Easpring to establish a JV company to advance the CAM plant project in Kotka

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.

Finnish Minerals Group and Beijing Easpring to establish a JV company to advance the CAM plant project in Kotka

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.

Finnish Minerals Group and Beijing Easpring to establish a JV company to advance the CAM plant project in Kotka

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.

Finnish Minerals Group and Beijing Easpring to establish a JV company to advance the CAM plant project in Kotka

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.

Finnish Minerals Group and Beijing Easpring to establish a JV company to advance the CAM plant project in Kotka

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.

Finnish Minerals Group and Beijing Easpring to establish a JV company to advance the CAM plant project in Kotka

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.

Finnish Minerals Group and Beijing Easpring to establish a JV company to advance the CAM plant project in Kotka

Vaasa LFP CAM project

Together with our partner FREYR Battery, we are planning a plant in Vaasa, that would produce LFP cathode material based on lithium, iron and phosphate.

Finnish Minerals Group and Beijing Easpring to establish a JV company to advance the CAM plant project in Kotka

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.