Finnish battery boom coming soon

Several companies have launched plans to build factories in Finland in order to supply battery materials to electric cars.

Photo: Thomas Lekfeldt/Ritzau Scanpix

German chemical giant BASF has decided to construct a factory in Finland for supplying materials to electric vehicle batteries. The same applies for the Finnish firm Terrafame.

The German company will collaborate with Russian company Nornickel based on an agreement to supply nickel and cobalt from Nornickel's refinery located near the former's coming factory. With this deal, BASF has established a local subsupplier of raw materials for its factory.

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