Toyota Tsusho to reduce the cost of lithium batteries lithium-mining joint venture company set up

Toyota Motor (Toyota), a subsidiary of Toyota Tsusho (Toyota Tsusho Corp.) Sera and Australian mining company Ltd Orocobre cooperation in Argentina developing lithium ore mining and potassium carbonate. laptop battery rechargeable

Orocobre Ltd. In a recent Australian Stock Exchange, said Orocobre, and Toyota Tsusho will establish a joint venture in the province of Jujuy in northern Argentina and the development of lithium-potassium mine ore carbonate.

Toyota Tsusho joint venture will be with Orocobre was established in early 2011, when Toyota Tsusho will Orocobre and participation of 25% and 75% respectively. 8500 battery , td347,u4873 Toyota Tsusho will invest 4.5 billion dollars for development of the joint venture, in addition, the Japanese government will provide a low interest loan to the joint venture, accounting for joint venture investment of 60% .

Orocobre director Richard Seville, said: “Under this joint venture, financing options, Orocobre do not need to invest money. And Toyota International Trade and the formation of a strategic partner, which means Orocobre earn more and Toyota, Panasonic and Sanyo possibilities of cooperation. Additionally, Toyota Tsusho to use lithium batteries in the car has extensive experience in the field, I think will Orocobre infinity. ”

Toyota Tsusho in the official statement said: “To meet the prices of cars rising global demand for lithium-ion batteries, Toyota Tsusho will find ways to seeking a more reliable, lower cost of lithium raw material suppliers . The Toyota Tsusho and the creation of this joint venture is with Orocobre worldwide for the industry to provide high purity, quality, vgp bps2, vgp bps9/s ,vgp bps13 first grade lithium metal. Therefore, South America, the industry Lithium is also a more powerful competitor. “