Finnish Minerals Group joins the Rare Earth Industry Association
The global organisation aims at bringing together expertise from industry, politics and science to create an innovative rare earth elements industry.
13. April 2023
Finnish Minerals Group has joined the international Rare Earth Industry Association. Founded in 2019, REIA is a non-profit organisation representing the global rare earth elements (REE) industry. Currently, the network consists of over 70 members worldwide representing all major countries.
REIA’s vision is to serve, promote and to advance the sustainable and responsible development of the global rare-earth value chain with an objective of gathering the best practices and life cycle data to state a common vision for developing a circular economy in the rare earth industry.
”We are developing a globally significant REE deposit in Sokli and to be able to achieve the full commercial potential with lowest possible impact on the environment, we need development collaboration with leading REE players. REIA’s global network provides a good base for finding the right partners for us for mutual value creation,” says Jani Kiuru, SVP, Raw Materials at Finnish Minerals Group.
“It is currently a major challenge to provide the industry with a secure supply of strategic raw materials such as rare earths, which are crucial for the green transition via manufacture of renewable and low-CO2 technologies consisting of critical REE materials. Through our membership, we will contribute to building transparent and responsible European REE value chains with our raw material assets,” states Jani Adolfsson-Tallqvist, Project Manager of Finnish Minerals Group’s REE business development.
“Finnish Minerals Group’s membership will strengthen REIA’s network and information on the European raw material playground. Finnish Minerals Group’s activities within the raw material part of the REE value chain has a significant potential to contribute in securing the supply in Europe,“ says REIA President Badrinath Veluri.
The mission of Finnish Minerals Group is to responsibly maximise the value of Finnish minerals. We manage the State’s mining industry shareholdings and strive to develop the Finnish value chain of lithium-ion batteries. Through our work, we contribute to Europe moving towards electric transport and a more sustainable future. www.mineralsgroup.fi