Finland is blessed with great geological riches that make it a highly attractive destination for mining investors. Moreover, with extensive deposits of cobalt and nickel, which are key constituents of electric car batteries, as well as strong lithium potential, its star is set to rise spectacularly as the car electrification revolution makes its presence felt right across the globe in the form of an insatiable appetite for batteries. What is particularly striking about these resources is that they are attracting the interest not only of traditional mining investors, but also of downstream industries where the materials are destined for, since these interests are keen to protect their supply chains – hence an industrial cluster for batter metals is growing in Finland.
Beyond this, however, Finland possesses incomparable technological prowess and pedigree right across the mining arena and also exhibits exciting potential across a range of precious and base metals.
What is perhaps most striking is that Finland, a developed economy in Northern Europe should have a geological profile so in tune with global needs, but also one which remains largely unexplored.
Relevant, abundant, accessible metal ore reserves are complemented by famed Finnish technological know-how, sustainable production practices and a stable and predictable trading environment, as well as extensive support from the Finnish authorities. This comes in the form of excellent available data bases and proven expertise to assist in interpreting and extrapolating from these, as well as assistance with practicalities around the likes of licensing, logistics and processing.
What is perhaps most striking is that Finland, a developed economy in Northern Europe should have a geological profile so in tune with global needs, but also one which remains largely unexplored. The opportunities are limitless whether it’s green or brownfield in this country with its unique mining ecosystem that can point to cheap energy supply, a highly skilled labour pool, excellent training programmes, high productivity, robust social, legal, regulatory and political credentials, as well as smelters, steel mills and dedicated mining research institutions working in concert with the mining companies.
Finland’s mining sector is at the vanguard of technological innovation.
Most importantly, however, it is the minerals themselves: copper, nickel, cobalt, zinc and lead ores as well as chromium, vanadium and iron deposits – all have a story to tell that would excite the most cautious of investors.
It is also worth noting that Finland’s mining sector is at the vanguard of technological innovation, enabling the automation of all sorts of processes, such that it could be described as the model for mining in the 21st century, meeting the needs of all stakeholders right through to end users, through its array of opportunities.