Finnish Minerals Group (Suomen Malmijalostus Oy) develops and manages the Finnish battery and mining industry value chain. As a state-owned company, it focuses on maximizing Finnish mineral resources’ value while supporting Europe’s transition to electric transportation. The company operates through strategic investments and partnerships, creating sustainable solutions for the growing battery sector. Since its establishment, Finnish Minerals Group has built an extensive portfolio of operations spanning from mineral extraction to battery material production, contributing significantly to Finland’s position as a leader in responsible battery manufacturing.
Battery Technology
Finnish Minerals Group specializes in developing lithium-ion battery materials and production processes. Their technical expertise centers on creating high-performance battery chemicals, including nickel and cobalt sulfates, through their subsidiary Terrafame. The company’s production methods emphasize environmental responsibility and resource efficiency.
Through their joint venture with Easpring Finland New Materials, they are establishing advanced cathode active material (CAM) production facilities in Kotka, designed to produce 60,000 metric tons annually. Their CNGR Finland partnership focuses on precursor cathode active material (pCAM) manufacturing in Hamina, implementing innovative production techniques to minimize carbon emissions.
The company also advances lithium processing technology through Keliber, which aims to produce 15,000 metric tons of battery-grade lithium hydroxide annually by 2026. This integrated approach includes spodumene mining and concentration, demonstrating Finnish Minerals Group’s commitment to maintaining complete control over material quality and production standards.
Recent Projects
In early 2024, Finnish Minerals Group achieved several significant milestones. The Easpring Finland joint venture secured environmental permits for their CAM plant in Kotka. CNGR Finland received preliminary environmental approval for their pCAM facility in Hamina, though final validation remains pending. The company also initiated assessment work at the Sokli mining site, examining opportunities for phosphate and rare earth element extraction.
Investors
Finnish Minerals Group operates under 100% state ownership through the Finnish government. The company maintains strategic ownership positions in several ventures:
- 20% stake in Keliber Oy
- 40% ownership in CNGR Finland Oy
- 30% share in Easpring Finland New Materials Oy
- 49% holding in Adven-FMG Sodium Sulphate Solutions Oy
Business Details
Location: Helsinki, Finland (Keskuskatu 5 B, 8th floor, 00100)
Website: https://mineralsgroup.fi
LinkedIn: https://www.linkedin.com/company/finnish-minerals-group
