Natural graphite is one of the minerals defined critical for the EU economy. It is used for refractory applications, brake pads, carbon brushes for electric motors, foundries, as a dry lubricant, for steel manufacturing and in battery industry, for anode manufacturing. Natural graphite is one of the most common materials used in battery anodes, thanks to its abundance, low cost, long cycle life and conductive properties.
Grafintec Oy and Epsilon Advanced Materials have signed a Memorandum of Understanding with the City of Vaasa for the establishment of an anode materials production facility to be located in the GigaVaasa area. The MoU follows the signing of a Joint Venture Heads of Terms by Grafintec and Epsilon and their intention to build a production facility.
In mineral exploration, Grafintec Oy has projects in Heinävesi, Tuusniemi and Lapua. Currently, the company is developing the Aitolampi graphite deposit located in Heinävesi.
Graphite: Supply chain challenges & recommendations for a critical mineral
The electrification of society and battery industry decisions have a significant impact on the extent in which climate targets can be achieved. The National Battery Strategy 2025 presents the means by which Finland can develop into a competitive, competent and sustainable part of the global battery industry. The foundation for all this is to promote sustainable battery production and electrification.
Standard for Sustainable Exploration
Grafintec Oy has undertaken to adhere to the guidelines of the mineral exploration accountability system, renewed in 2021, where companies have undertaken to adhere policies sustainable for nature, people and economy.