Finnish Minerals

Finnish Minerals Group is a forward-thinking company that is paving the way for a cleaner future by developing a responsible battery value chain in Finland. The company operates in the rapidly expanding market of lithium-ion batteries, which are essential for the electrification of transport. This market is driven by the growing demand for electric vehicles and the European Green Deal's goal of achieving climate neutrality by 2050.

The company's business model revolves around the entire value chain of lithium-ion batteries, from mining to battery cell production. It aims to increase the value of Finnish minerals by developing this value chain. The company's projects now extend from mining to battery chemicals and materials, indicating a comprehensive approach to the industry.

Finnish Minerals Group serves a variety of clients, including its subsidiary Terrafame, which produces nickel and cobalt sulphates for lithium-ion batteries. It also works with Keliber, a mining and battery chemicals company that plans to start production of lithium hydroxide in 2025. Another client is CNGR Finland, which is preparing to establish a plant to produce precursor material in Hamina.

The company's revenue is likely generated through the sale of these minerals and materials to battery manufacturers and other companies in the electric vehicle industry. It also potentially earns income from its subsidiary companies.

Keywords: Lithium-ion batteries, Electric vehicles, Mining, Battery cell production, Finnish Minerals Group, Terrafame, Keliber, CNGR Finland, European Green Deal, Climate neutrality.