City of Vaasa and Johnson Matthey have signed a letter of intent in April 2021 for building a precursor manufacturing plant to Vaasa which is located south-west of Ylivieska region.
Johnson Matthey have already started planning process of the plant which will be operational in 2024. Production capacity of the factory will be some 30 kilotons of readymade cathode material a year. Strategic partnership and co-investment together with Finnish Minerals Group is worth several hundred millions of euros and will have significant positive effects on employment as well as in further investments and subcontracting opportunities for Vaasa and also for the wider Bothnian region. Congratulations Vaasa!