Finnish Minerals Group (FMG) has announced that is it preparing an Environmental Impact Assessment (EIA) procedure to investigate the building of lithium-ion battery precursor and battery cathode plants in Finland. At the same time, FMG is also carrying out negotiations regarding investments with potential partners.
The EIA procedure is divided into two phases with the first, the ‘programme’ phase, describing project alternatives, the current state of the environment related to the project, and preparing a proposal on what issues will be assessed. This programme phase should be completed in Q2 2020. A subsequent ‘report’ phase will outline the results of the assessment and examine the implementation of the project. The progress and target schedule for this report phase will be decided separately.
Four potential locations have been identified for the precursor plant (Kokkola, Vaasa, Kotka or Hamina) and two potential locations have been identified for the cathode active material plant (Vaasa or Kotka).
FMG is the majority owner and parent company of Terrafame, which already produces mixed sulphide nickel intermediate products in Finland. The company is now in the process of building a plant that will further process the MSP into nickel sulphate (the plant is expected to be commissioned in 2021).
With this latest announcement, FMG underlines its intention to move its nickel refining activities further downstream. With the demand for electric vehicles expected to rise strongly during the next decade, European companies are now gearing up to produce lithium-ion battery precursor and battery cathode products within the region, reducing dependency on the Asian market which dominated production in 2019.
Roskill’s NEW Nickel (16th Edition) and Nickel Sulphate (3rd Edition) reports are due to be published in March 2020 and will forecast trends in supply, demand and pricing over the next decade. Click to download the brochure and sample pages for each report, or to access further information.