Toyota Secures Lithium Supplies in Argentina

Deal sent sent share of project owner and operator to all-time high.

Published: 21-Jan-2010

SYDNEY/TOKYO -- A sister company to Toyota Motor Corp secured a lithium supply deal in Argentina on Wednesday that could help the world's largest automaker keep its lead in gasoline-electric hybrid cars.

The deal sent shares in the lithium project's owner and operator, Australian-listed Orocobre Ltd, soaring almost 50 percent to an all-time high.

Lithium, a highly reactive and versatile metal, is expected to be in increasing demand as carmakers choose costly but more efficient lithium-ion batteries to power hybrid and electric vehicles.


Bolivia's Salar de Uyuni salt brine is rich in lithium carbonate.

TRU Group Inc announces results of its updated long range Lithium supply-demand forecast - Lithium industry not immune from effects of global recession

Bolivian president Evo Morales with Fidel Castro and Hugo Chavez.

'The days of U.S. car companies buying cheap raw materials to sell expensive cars are over,' states Bolivian Mining Minister Luis Alberto Echazu.

Senator Carl Levin (left) rides in Volt 'mule' to Senate hearings. GM CEO Rick Wagoner drives the extended-range electric car.

Official statement from the office of Senator Carl Levin, (D) Michigan.


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