Finland power lithium battery factory

When will Finland start producing lithium ion batteries?

Therefore, Finland continues to increase its raw material capabilities, with Keliber planning to start mining and concentrating lithium ore in 2024, and Fortum expecting to start operating its lithium-ion battery recycling plant in 2023 .

Is Finland a leader in lithium-ion battery supply chain?

The rise has been steady from 2020 onward; back then, Finland ranked 8th worldwide and 3rd Europewide. Even more impressive is that Finland has outperformed its expected rankings of 2025 (7th worldwide, 3rd Europewide) . Worldwide rankings of the top 30 countries involved in global lithium-ion battery supply chain .

How does Finland improve its battery manufacturing?

Thus, Finland continues improving its battery manufacturing by employing government funding to “improve the competitiveness of Finland's battery industry, especially in battery materials, battery manufacturing, reuse and recycling” .

Is Finland's battery plant a key development for its value chain?

Finnish Minerals Group CEO Matti Hietanen described the plant as a key development for Finland’s battery value chain. "Even on a European scale, this is a spearhead project for the industry," he said. The plant received its environmental permit in December 2024 under a priority procedure for green transition projects.

Does Finland have a top 4 battery metal industry?

Top 4 ranking cannot be stated as a coincidence since Finland has strengthened its already strong battery metal industry by launching National Battery Strategy 2025 in June 2021 .

Could Kymenlaakso become Europe's largest battery plant?

The Finnish Minerals Group, which owns 40 percent of the Hamina factory, plans another battery materials plant for nearby Kotka. That facility is to make cathode active material. According to the company, the sites could turn the Kymenlaakso region into one of Europe's largest clusters of battery material plants.