NEWS

Business Finland has granted BATCircle 10 million euros funding.

Led by Aalto University, the BATCircle consortium aims at improving the manufacturing processes of mining industry, metals industry and battery chemicals, and to increase the recycling of lithium-ion batteries. Its goal is to strengthen the cooperation between companies and research organisations, and to find new business opportunities

In Finland, we have significant research and expertise in the field, and when BATCircle brings these together, we have a really good chance to find solutions, Lundström says.

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In Finland, we have significant research and expertise in the field, and when BATCircle brings these together, we have a really good chance to find solutions, Lundström says.

Both the European Union and the Finnish government have woken up to the strategic value of battery metals and their value chains, as well as the related huge business potential. However, the battery industry is currently dominated by Asian companies. Consequently, Europe is at risk of losing new business opportunities and becoming more dependent on imports, both in terms of raw material and final products.