Japanese carmaker Toyota has secured a lithium supply contract in Argentina through one of its business arms, Toyota Tsusho Corp., as Reuters writes.
Toyota Tsusho Corp, a trading company partially owned by the carmaker, stated that it would develop the Lithium Project in Argentina with Orocobre. The project is estimated to cost around $80-$100 million, Orocobre spokesman Paul Ryan told Reuters.
As electric or hybrid vehicles become more and more important on the auto market, the demand fo… (read more)