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.
European battery cell capacity by 2030 is estimated to be sufficient for approximately 15 million electric cars per year.
According to market research, the European battery cell capacity by 2030 will be approximately 1,000 GWh annually.
European cell capacity by 2030 will require annual production of approximately 1,600 kt of cathode active material (CAM).
Cathode active material (CAM) capacity by 2030 will require approximately 1,500 kt of precursor production (pCAM) annually.
Finnish Minerals Group 10 years
10 years ago the Finnish state established a special-purpose company to build a new growth-creating industrial sector for Finland. Thanks to this far-sighted decision, a developing critical materials value chain and world-class production facilities have emerged in Finland. Read CEO Matti Hietanen's anniversary interview.
Our Annual Report 2024 published
The annual report covering the company's and Group's operations has now been published.
The report includes a general section covering the year 2024, the annual review, the financial statements, and a sustainability report applying the requirements of the CSRD, the Corporate Sustainability Reporting Directive.
The groundbreaking ceremony of Finland's first cathode active material plant was held in Kotka
Vaasa Administrative Court rules on Hamina pCAM plant project environmental permit appeals
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
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.
Keliber Oy
Keliber is a mining and battery chemicals company that aims to start production of lithium hydroxide in 2026. In addition to mining operations, the company is preparing to establish a chemical plant.
Hamina pCAM project
Finnish Minerals Group has acquired the entire share capital of the joint company and is reviewing the preconditions for continuing the project on a new basis.
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 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.
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.
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.