The rise has been steady from 2020 onward; back then, Finland ranked 8th worldwide and 3rd Europewide. Even more impressive is that Finland has outperformed its expected rankings of 2025 (7th worldwide, 3rd Europewide) . Worldwide rankings of the top 30 countries involved in global lithium-ion battery supply chain .
Therefore, Finland continues to increase its raw material capabilities, with Keliber planning to start mining and concentrating lithium ore in 2024, and Fortum expecting to start operating its lithium-ion battery recycling plant in 2023 .
Lithium is essential to reducing global CO 2 emissions. Located in Finland, the Keliber project is strategically positioned close to critical and growing regional end-user battery markets for lithium hydroxide in Europe. Finland’s reliable and sound economic and social infrastructure make the country an attractive investment destination.
Worldwide rankings of the top 30 countries involved in global lithium-ion battery supply chain . The reasons for Finland’s success can be explained by its increasing battery metals manufacturing, relatively clean grid as well as excellent infrastructure.
Top 4 ranking cannot be stated as a coincidence since Finland has strengthened its already strong battery metal industry by launching National Battery Strategy 2025 in June 2021 .
Image: Kuvakaappaus Caixin Global -sivustolta Ningbo Shanshan, a Chinese battery-materials manufacturer, has announced plans to invest 1.3 billion euros in building a new plant in Finland.