Finland aims to become a leading country in critical mineral production
Finland is aiming for a significant role in the production of critical minerals. According to Business Finland, these minerals have become a key part of international industrial competition and geopolitical power. The goal is to strengthen the self-sufficiency and security of supply for both Finland and all of Europe.
Critical minerals, such as lithium, cobalt, and rare earth elements, are essential for modern technology. They are particularly needed for the manufacturing of electric vehicle batteries, solar panels, and other green transition technologies. Currently, however, Europe is dependent on other countries for the supply of these raw materials.
Finland has strong geological expertise and a long tradition in the mining industry. The country's bedrock contains many of the minerals needed for the future needs of the industry. The government and companies are now working to promote investments that will enable the growth of sustainable and responsible mining.
Increasing domestic production would reduce Europe's dependence on global supply chains, which are often unstable. At the same time, Finland could create new jobs and strengthen its position in international markets. The project is part of a broader European strategy aimed at securing the availability of industrial raw materials in the long term.