Its role Owner
Terrafame Ltd is a Finnish mining and chemical company operating an integrated mine-to-chemicals site in Sotkamo, Kainuu. The company extracts multi-metal ores and produces battery-grade nickel sulphate and cobalt sulphate used in electric vehicle cathode materials. Terrafame’s process is based on bioheapleaching and downstream hydrometallurgy, and it also recovers zinc and other metals as part of its flowsheet.
The integrated setup—combining ore mining, beneficiation, and battery chemicals production on a single industrial site—aims to improve resource efficiency and traceability across the supply chain. Terrafame supplies customers in the battery materials and automotive value chains, with operations subject to Finnish and EU environmental and industrial regulations. The company’s majority owner is Finnish Minerals Group, which develops Finland’s battery value chain.
chemXplore tracks 1 project involving Terrafame.
Panelists stressed transition from project launches to industrial ramp-up, needing coordinated policy, finance and market measures, new funding tools, and scalable tech to secure competitiveness
The new plant, a EUR 240 million investment, boasts high production capacity and low carbon footprint, supporting Finland's economy and the growing demand for electric vehicle battery minerals.
The plant will produce EV battery chemicals, enhancing profitability and skill development. Investment costs EUR 240M, with funding from Finnish Minerals Group, Galena, Trafigura, and Sampo.
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