Investing & Markets

Make better decisions with investing tips, technical analysis, market commentary, and more

Personal Finance

Make more, save more, spend smarter, and keep more of what you earn

Business News

Stock market news & analysis


Toyota forms non-Chinese rare earth supply partnership, task force

By Hybrid Cars on 09/29/2010 – 12:28 pm PDTLeave a Comment

Toyota moving beyond Chinese dyprosium

Toyota diversifies battery supply chains

While the Chinese continue to claim that a rare earth metal ban has not been imposed against Japan, Toyota is taking no chances.

Toyota has set up a new rare earth metal task force, as well as a new supply partnership with Australian Lynas Corp.

Even before news of the potential Chinese export ban broke, Toyota was already making rare earth moves according to BusinessWeek.

“Toyota Tsusho Corp., a trading company affiliated with the carmaker, has formed a joint venture with Sojitz Corp. and a Vietnamese state-run mining company to export rare earth metals to Japan from 2012, spokesman Katsutoshi Yokoi said. The company acquired Tokyo-based rare earth metal importer Wako Bussan Co. in December 2008, which will import materials from India from next year, Yokoi said.”

Tags: , lynas corp, , , , task

Related Articles:

  1. Rare Earth Diplomacy: Japan Holds Chinese Boat Captain;China Blocks Rare Earth Exports to Japan;China Holds 4 Japanese on Spy Charges;Captain Set Free
  2. China denies rare earth ban on Japan
  3. Rare Earth Metals Options Strategic Claims in the Red Wine Complex
  4. Rare earth loving hybrids face a “shortage crisis”
  5. Just how important are rare earth metals?

Leave a comment!

Add your comment below, or trackback from your own site. You can also subscribe to these comments via RSS.

Be nice. Keep it clean. Stay on topic. No spam.

You can use these tags:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

This is a Gravatar-enabled weblog. To get your own globally-recognized-avatar, please register at Gravatar.