Geological Survey of Finland Strategy 2020-2023

Country / jurisdiction: Finland · Year: 2019 · Status: In force · Level: National · Type: Voluntary

Under the current Strategy of the Geological Survey of Finland, the government “aims to be the world’s number one expert in battery minerals,” specifically focusing on cobalt, nickel, lithium, copper, and graphite.

The institution has two ongoing projects related to this:

Battery Mineral Potential Surveys : This internally financed project aims to produce geological datasets and interpretations related to battery mineral deposits and their utilization. The project also improves the databases benefiting the mining and exploration industry and aims to identify new zones with good mineral potential, thereby lowering the threshold for new investments in the mining sector and supporting regional development.

BATTRACE – Sustainable Processing and Traceability of Battery Metals, Minerals, and Materials : This three-year project, financed by several industry partners, focuses on developing a traceability method and ensuring the sustainability of battery raw materials. The project aims to verify the origin of materials by identifying the fingerprint of each ore deposit and investigating its preservation along the value chain. The BATTRACE project has a total funding of EUR 5.8 million, with contributions from industry partners such as Finnish Minerals Group, Finnish Battery Chemicals, Keliber Technology, Outotec, Valmet Automation, Latitude 66 Cobalt, Grafintec, Mawson, and FinnCobalt, as well as research partners and Business Finland.

Official source: https://www.gtk.fi/en/strategy-2020-2023-2/