Easpring Finland breaks ground on cathode material plant
2025-05-07 15:46:34 [Print]
On April 29, Easpring Finland New Materials Oy held a groundbreaking ceremony for the first phase of its cathode material plant in Kotka, Finland, a joint venture between Beijing Easpring Material Technology Co., Ltd. and Finnish Minerals Group (FMG).
Established in March 2024, Easpring Finland New Materials Oy is 70% owned by Beijing Easpring Material Technology Co., Ltd. and 30% owned by FMG, a state-owned enterprise of Finland. The total investment for the project is approximately EUR800 million.
The facility is planned to have an annual production capacity of 200,000 tonnes for NCM (nickel-cobalt-manganese) materials and 300,000 tonnes for LFP (lithium iron phosphate) and LMFP (lithium manganese iron phosphate) materials. The first phase will have an annual capacity of 60,000 tonnes of NCM.
Established in March 2024, Easpring Finland New Materials Oy is 70% owned by Beijing Easpring Material Technology Co., Ltd. and 30% owned by FMG, a state-owned enterprise of Finland. The total investment for the project is approximately EUR800 million.
The facility is planned to have an annual production capacity of 200,000 tonnes for NCM (nickel-cobalt-manganese) materials and 300,000 tonnes for LFP (lithium iron phosphate) and LMFP (lithium manganese iron phosphate) materials. The first phase will have an annual capacity of 60,000 tonnes of NCM.
Lithium Iron Phosphate Li 3.9%min Delivered China
Unit:RMB/mt
China's ithium iron phosphate producers' inventory to production ratio statistics by province by month
Unit: %
