Toyota Tsusho partners with JOGMEC on Namibia heavy rare earths project via TJ Namibia Rare Earths Corp

Reuters2026/07/30 02:04

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Toyota Tsusho formed a joint venture with JOGMEC to develop heavy rare earths at the Lofdal project in Namibia, targeting commercialization decision in FY2026.
JOGMEC will invest up to CAD 47.67 million in project vehicle TJ Namibia Rare Earths; initial investment completed on July 23, 2026.
The partners will run a definitive feasibility study, aiming to secure supply of dysprosium, terbium for permanent magnets used in auto motors.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Toyota Tsusho Corporation published the original content used to generate this news brief on July 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Toyota Tsusho partners with JOGMEC on Namibia heavy rare earths project via TJ Namibia Rare Earths Corp

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