Outokumpu, a leading stainless steel manufacturer in Europe based in Finland, reported a 95% increase in the mineral reserves at Finland's Kemi chrome mine due to new underground drillings, now estimated at around 62.5 million tons, compared to the earlier estimate of 32.1 million tons, securing the availability of chromium until the 2050s with an extending mining life.

Investments of over EUR 280 million during the period from 2017 to 2023 upgraded the mine and ensured efficient, sustainable operations.

The Kemi mine, the only chrome mine in the EU, is set to become carbon-neutral by the end of 2025, with a ferrochrome carbon footprint 67% below the industry average.

Outokumpu’s own chrome mine and ferrochrome production form a reinforcement for the company’s strategic advantage in stainless steel production.