Keliber aims for lithium hydroxide production
Our portfolio company Keliber is a mining and battery chemicals company that aims to start production in the next few years. The company wants to accelerate the electrification of transport and smart storage of energy by producing battery-grade lithium hydroxide for the European market.
Construction preparations underway
The lithium reserves in Central Ostrobothnia are among the most significant in Europe. Keliber holds several advanced lithium deposits in a Central Ostrobothnian area that spans over 500 square kilometres. The area also has excellent potential for increasing ore reserves and discovering new deposits.
Keliber's mining operations are to be located in the Kaustinen, Kokkola and Kruunupyy areas. The concentrator will rise in Kaustinen, from where the spodumene concentrate will be transported to the company's lithium chemical plant, which is planned for the Kokkola industrial area. Preparatory work for construction has been started in 2022.
We are the second-largest owner of Keliber
Finnish Minerals Group owns 14% of Keliber, and we are the second-largest owner of the company. As a result of the ownership arrangements in 2021, Sibanye-Stillwater, an international company focusing on mining operations and mineral refining, became Keliber’s largest owner.
Towards sustainable growth
Finnish Minerals Group makes investments on commercial grounds and on a long-term basis, seeking a return on investments. We are committed to ethical business, taking responsibility for the environment, and engaging in dialogue with our stakeholders.