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 production by 2031 is estimated to be sufficient for approximately 30 million electric cars per year.
According to market research, the European battery cell production by 2031 will be approximately 1,200 GWh annually.
European cell production by 2031 will require annual production of approximately 1,870 kt of cathode active material (CAM).
European CAM production by 2031 will require approximately 1,780 kt of precursor production (pCAM) annually.
New minerals containing rare earth elements found in Sokli
Finnish Minerals Group and Beijing Easpring to establish a JV company to advance the CAM plant project in Kotka
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 2025. In addition to mining operations, the company is preparing to establish a chemical plant.
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.
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.
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.
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.
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.
