Sokli, a mineral deposit in Eastern Lapland, could produce at least 10 per cent of all rare earth metals required annually for permanent magnet production in Europe, says the state-owned owner of the deposit, Finnish Minerals Group.
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Finnish Minerals Group and Norway-based FREYR Battery have signed a Memorandum of Understanding (MoU) to pursue co-operation in implementing a battery cell investment in Finland. The parties will be identifying co-operation and business models, and technological implementation options for the plant, as well as evaluating the possibility of establishing the.
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Johnson Matthey to open second battery components plant
Johnson Matthey’s global headquarters is located in London (Philip Toscano/PA)
Chemicals and technology giant Johnson Matthey has signed a deal with a state-backed Finnish company which will allow it to set up a new battery components factory in the country.
The FTSE 100 firm said that it would scale up its battery business with its second plant, near the Finnish city of Vaasa on the country’s west coast.
The plant will benefit from a partnership with Finnish Minerals Group, the company that manages Finland’s stakes in the mining industry.