a pCAM plant is being prepared in Hamina

The pCAM plant, which produces precursor cathode active material, has been advanced in Hamina by CNGR Finland Oy. Finnish Minerals Group has now acquired the entire share capital of the joint company, becoming the company’s sole owner in April 2025.

After our original partner withdrew from the project, we at Finnish Minerals Group are reviewing the preconditions for continuing the project on a new basis.

The goal of the project is a state-of-the-art production plant capable of offering precursor cathode active material with an unprecedentedly low carbon footprint.

Hamina pCAM project webpage. 
 

The product is precursor cathode active material

Precursor cathode active material (pCAM) is a preliminary stage of the cathode active material used to manufacture lithium-ion batteries. The precursor plant project in Hamina is an essential part of the development of the Finnish and European battery value chain.

In addition, a cathode active material (CAM) plant is planned in Kotka, next door to Hamina. This means that the Kymenlaakso region in Finland has the opportunity to become one of the largest clusters of battery material plants in Europe.