Lithium Extraction Begins in Finland to Boost European Automotive Industry
June 7, 2026
Europe is striving to reduce its dependence on Asia for raw materials needed in electric vehicle batteries. In Finland, lithium extraction has begun at the Syväjärvi mine, which will boost the local economy by creating permanent jobs. Additionally, a modern refinery is being constructed in the city of Kokkola for processing the ore. The project aims to establish a complete lithium supply chain in Europe. The reserves in the area may be larger than initially estimated.