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.
The number of personnel in the parent company Finnish Minerals Group Oy is 33.
The number of personnel in group companies in 2025 was 943.
Group companies' EBITDA in 2025 was about 74 MEUR.
Group companies' net sales in 2025 was about 556 MEUR.
Our Annual Report 2025 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 2025, the annual review, the financial statements, and a sustainability report applying the requirements of the CSRD, the Corporate Sustainability Reporting Directive.
Ownership base of the Kotka battery material plant expands
Mining and battery industry in the midst of technological transformation
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.
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.
IONCOR Oy
Our subsidiary IONCOR develops and manufactures battery systems particularly for the electrification of bus & truck segments, off-highway machinery and the automotive industry. The company operates in Finland and in Germany.
Easpring Finland New Materials Oy
The plant under construction in Kotka is intended to 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.
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.