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Olaroz Lithium Facility

Toyota invests in lithium producer Orocobre

Mon, 02/19/2018 - 11:47 -- Xuan Zhong
Toyota invests in lithium producer Orocobre

Japanese car giant Toyota has confirmed plans to acquire a 15% stake in Australian-based lithium mining company Orocobre with an estimated investment of AUD292 million ($229m).

The move will help secure stable supplies of a key mineral for future electric vehicle batteries to meet anticipated market demand, Toyota said.


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