Ecofin Agency·4 min read·medium
Toyota Deepens African Supply Chain With Namibia Rare Earths Investment
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Ecofin Agency
✦AI Summary
Toyota Tsusho is investing in a Namibian rare earth mining project to diversify its supply chain for electric vehicle motors. The investment, supported by Japan's JOGMEC, marks the company's first direct entry into African upstream mining.
email facebook linkedin twitter Whatsapp Japan's JOGMEC will invest up to 5.5 billion yen ($33.8 million) in Toyota Tsusho's Namibian rare earth venture to advance the Lofdal project.
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