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February 1st, 2010

Toyota Secures Lithium Supply in Argentina

Abstract:
A key supplier of Toyota Motor Corp. has formed a partnership to mine lithium in Argentina, securing greater access to a metal critical to the production of future hybrids and electric cars.

The partnership, announced late Tuesday, includes Toyota Tsusho Corp. and Australian miner Orocobre Ltd. They will develop a lithium mine in northwestern Argentina, and the project is expected to cost about $100 million, Orocobre Chairman James Calaway said.

Source:
nytimes.com

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