In 2024, the country was estimated to be the second-ranked peat producer in the world, accounting for an estimated 15.1% of world production; the third-ranked mica producer, accounting for an estimated 14.4% of world production; and the fifth-ranked (excluding United States production) chromium producer, accounting for an estimated 3.9% of world production. Among the European Union (EU) countries, Finland was one of the leading gold, palladium, and platinum producers. Other mineral commodities produced included, among others, phosphate rock, selenium, and talc.
Sales in the mining and quarrying sector increased by 2.2% to \$2.92 billion (EUR2.7 billion) in 2024, accounting for 5.1% of the country’s total sales. The Government regulates the mineral industry through two main laws—the Land Extraction Act (555/1981 of July 24, 1981, effective on January 1, 1982), which regulates the extraction of sand and gravel and the quarrying of natural stone, and the Mining Act (621/2011 of June 10, 2011, effective on July 1, 2011), which regulates the mining of metallic and industrial minerals other than sand and gravel, and stone. In 2010, the Government issued the Minerals Strategy, which makes recommendations concerning the formulation of a sustainable minerals policy and the development of the mineral industry. On December 19, 2024, the Government issued Finland's new National Mineral Strategy, which aims to secure raw material supply for industry, guide the sustainable and responsible mining of minerals, and strengthen Finland’s mineral cluster. Its implementation is planned to begin in 2025. On May 23, 2024, the EU’s Critical Raw Materials Act came into force, intending to secure the supply of critical raw materials for the EU market and reduce the EU’s dependency on imports.
The agencies overseeing the mineral industry include the Finnish Safety and Chemicals Agency (TUKES), the Ministry of Economic Affairs and Employment (MEAE), the Regional State Administrative Agencies (AVIs), the Centers for Economic Development, Transport, and the Environment (ELY Centers), and the Radiation and Nuclear Safety Authority of Finland (STUK).
