Dynamic partnerships

Finnish Minerals Group aims to build a leading ecosystem for battery production in Europe. We own, manage and develop companies, an investment programme and R&D projects related to the Finnish battery and mining cluster. Maximising the value of Finnish raw materials is the driving force of our operations. We want to create partnerships that take Europe one step closer to electric mobility and more responsible future. Are you ready to join the effort?

Highlights

Growing, lucrative opportunities are emerging in the battery value chain

10.05.2019

Developing the value chain for electric car batteries offers substantial economic benefits to the Finnish society. According to a study commissioned by the Finnish Minerals Group, the benefits would be seen as both direct economic impacts and multiplier impacts across different sectors.

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New expert report: Battery value chain to generate highly significant economic benefits for Finland

08.05.2019

The goal of Finnish Minerals Group, FMG, is to drive investments in the different stages of the lithium-ion battery manufacturing value chain in Finland. FMG commissioned consultancy company Ramboll Finland to evaluate the effects of the investments currently under negotiations to Finnish society.

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Annual Report 2018 has been published

15.04.2019

Finnish Minerals Group has published its Annual Report 2018 in both English and Finnish.

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FERROVAN OY FILES FOR BANKRUPTCY

10.04.2019

There were no prerequisites for continuing the voluntary liquidation of Ferrovan Oy, so the liquidator had to file for bankruptcy with the Oulu District Court on April 9, 2019.

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Evolving ecosystem

Finland is the only significant European producer of raw materials for electric vehicle batteries. It is estimated that manufacturing a fully electric vehicle requires around 8 kg of lithium, 50 kg of nickel and 6 kg of cobalt. Due to the increasing demand for electric vehicles and batteries, we can also expect the demand of raw materials to grow. The time to build a leading ecosystem is now.

Global production of light vehicles
Global production of light vehicles
Share of electric vehicles of all vehicles sold
Share of electric vehicles of all vehicles sold