[SMM Stainless Steel Flash] Outokumpu's Kemi Mine Advances Circular Economy with ~$324 Million Investment

Published: Mar 25, 2026 23:12

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According to market reports, Outokumpu's Kemi mine in Finland—Europe's sole chromium extraction operation—has comprehensively transitioned into a circular economy model following a recent ~$324 million (€280 million) deepening project. The facility, which processes 2.5 million tonnes of chromium ore annually, now targets the conversion of 3 million tonnes of annual mining waste into usable industrial materials for road construction, infrastructure, and concrete production. Through advanced material recovery and scrap processing capabilities that handle over 2 million tonnes of recycled steel annually, the operation achieves an impressive 94% recycled content in its stainless steel production.

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