Paving the way for a cleaner future
![[]](https://www.mineralsgroup.fi/media/layout/icons/overlay-white-mobile.svg){kind=icon}
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.
The Sokli mining project in Savukoski, Finland progresses to its next phase
Sokli mining project applies strategic status under the Critical Raw Materials Act
Finnish Minerals Group to become IONCOR's majority owner
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.