Toyota Tsusho Corp.

Toyota Tsusho Corporation operates in metals, circular economy, supply chain, mobility, green infrastructure, digital solutions, and lifestyle businesses. It engages in sales, distribution, and processing of materials for mobility, energy, and infrastructure, including steel sheets, nonferrous metals, and critical metals for electrification. The company also handles batteries, electronic materials, recycled raw materials, and products for detergents, pharmaceuticals, and packaging. Additionally, it provides supply chain services, vehicle assembly, logistics solutions, captive finance, leasing, and after-sales services. It trades in manufacturing and logistics equipment, develops energy and port infrastructure, and operates renewable energy projects. The company was incorporated in 1948 and is headquartered in Nagoya, Japan.

Electrification & Mobility▲

JOGMEC to invest up to approximately 5.46 billion yen in Toyota Tsusho's rare earth project in Namibia

In a rare earth development project that Toyota Tsusho is advancing in Namibia, the Japan Organization for Metals and Energy Security, or JOGMEC, has decided to invest up to approximately 5.46 billion yen in a special purpose company. JOGMEC has been conducting surveys with a Canadian company since 2020 and has confirmed the presence of rare earths essential for permanent magnets in electric vehicle motors. In March this year, Toyota Tsusho took over part of the interest and joined the project. The two companies plan to make a final decision on commercialization by fiscal 2026, based on survey results and the business environment.

8015.JP ▲

Electrification & Mobility ▲Critical Materials & Supply Chain ▲

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