http://www.marketwatch.com/story/toyota-tsusho-shares-jump-on-lithium-news-2010-01-19
SAN FRANCISCO (MarketWatch) -- Shares of Toyota Tsusho Corp. (JP:8015 1,489, +84.00, +5.98%) rose as high as 11% early Wednesday, amid reports that the trading company, in which Toyota Motor Corp. (JP:7203 4,105, -35.00, -0.85%) (TM 89.01, -2.77, -3.02%) (TOYOF 44.75, +0.50, +1.13%) owns a large stake, has secured a long-term source of lithium, used in hybrid and electric-car batteries. The lithium project, sited in Argentina, could begin commercial production by 2012, according to reports. Shares of Toyota Tsusho later eased back, though were still up 8%, while those of Toyota Motor rose nearly 1%, roughly in line with gains enjoyed by other car makers
Even Bloomberg was no different with their own lengthy article - making sure lithium story is front and center.
http://www.bloomberg.com/apps/news?pid=20601101&sid=aEDl1P8WwxJw
Toyota, Orocobre Partner to Develop Lithium Project (Update2)By Nichola Saminather
Jan. 20 (Bloomberg) -- A Toyota Motor Corp. affiliate will partner with Orocobre Ltd., an Australian mineral-exploration company, to develop a mine in Argentina that will provide raw materials for vehicles powered by lithium-ion batteries.
Orocobre will set up a joint venture with Toyota Tsusho Corp., 22 percent owned by the world’s largest carmaker, to develop its Salar de Olaroz lithium potash project in Argentina’s Jujuy province, the Milton, Australia-based company said in a statement to the Australian Stock Exchange.
Toyota Tsusho will take a 25 percent stake in the project and will provide $4.5 million for a feasibility study, as well as a low-cost Japanese government loan to fund at least 60 percent of the project’s development. This means Orocobre won’t need additional funding for development, Managing Director Richard Seville said in the statement.
“Toyota Tsusho becoming our strategic partner allows Olaroz direct access to Toyota Motor Corp. and its partners such as Panasonic and Sanyo,” Seville said. “These companies have significant expertise and understanding of supply requirements in large format lithium-ion batteries for the automotive industry and consumer sector.”
Orocobre shares surged as much as 46 percent to A$2.04 and traded at A$1.80 as of 1:13 p.m. in Sydney. Toyota Tsusho shares gained 8 percent to 1,518 yen, after earlier jumping as much as 15 percent, the most since October 2005.
‘World-Class’ Deposit
Toyota Tsusho is seeking reliable, low-cost supplies to meet rising demand for lithium-ion batteries for automobiles, the Nagoya, Japan-based company said in the statement.
“The size and quality of the deposit is world-class and we believe will produce high-purity, battery-grade materials required for the global battery industry at a cost that is competitive,” Toyota Tsusho said.
Orocobre will own the remaining 75 percent of the project after construction is completed, and will operate the joint venture, the Australian company said.
Construction is expected to be completed by early 2011, and the mine will be operational by the end of that year, Orocobre spokesman Paul Ryan said in a telephone interview.
Toyota Motor plans to begin retail sales of a plug-in version of its Prius hybrid car powered by a lithium-ion battery in about two years. It also intends to introduce a short- distance pure electric car in 2012.
Toyota established a joint venture in 2007 with Panasonic Corp., then Matsushita Electric Industrial Co., to ensure supplies of lithium-ion batteries for the automaker’s planned plug-in hybrid cars. Panasonic purchased 50.2 percent of battery maker Sanyo Electric Co. last month.
To contact the reporter on this story: Nichola Saminather in Sydney at nsaminather1@bloomberg.net
Toyota is Toyota. Knowing what you know about their ability to innovate into new markets (Toyota Prius in North America...think about it)...would you think they'd want to not hedge their bets on a reliable supply of lithium?
Hard to get more credible than the largest automaker in the world. Are you still doubting lithium's future?
Google "Argentina Lithium" and see what you come up with. There are more and more OTC promo plays - stick to the quality TSX guys. Even Tischendorf's Trend analysis letter has put in a recommendation for the below lithium sector companies.
Tischendorf plays a combination of trend analysis and fundamental and seems to have done quite good. Best part, he offers the service free of charge - allowing complete transparency. It's almost like he's done so well already he is using his articles merely to keep track of his own thoughts. Whatever it is sir, we solute you.
On January 24th he says lithium sector is displaying technical strength. Talk about good timing! Magna and Toyota both buys into Argentina. Coincidence? His lithium sector picks, funny enough include few of our frequently covered juniors.
Great minds think alike, if we may say so?
For a comparison of relative strength within the Lithium sector check my Lithium Sector Overview Chart. The stocks listed in the overview chart are:
- SQM – Sociedad Quimica Y Minera ( Chile)
- WLC.V – Western Lithium Canada
- RM.V – Rodinia Minerals
- TNR.V – TNR Gold
- CLQ.V – Canada Lithium
- LI.V – Lithium One
By Nichola Saminather
Jan. 20 (Bloomberg) -- A Toyota Motor Corp. affiliate will partner with Orocobre Ltd., an Australian mineral-exploration company, to develop a mine in Argentina that will provide raw materials for vehicles powered by lithium-ion batteries.
Orocobre will set up a joint venture with Toyota Tsusho Corp., 22 percent owned by the world’s largest carmaker, to develop its Salar de Olaroz lithium potash project in Argentina’s Jujuy province, the Milton, Australia-based company said in a statement to the Australian Stock Exchange.
Toyota Tsusho will take a 25 percent stake in the project and will provide $4.5 million for a feasibility study, as well as a low-cost Japanese government loan to fund at least 60 percent of the project’s development. This means Orocobre won’t need additional funding for development, Managing Director Richard Seville said in the statement.
“Toyota Tsusho becoming our strategic partner allows Olaroz direct access to Toyota Motor Corp. and its partners such as Panasonic and Sanyo,” Seville said. “These companies have significant expertise and understanding of supply requirements in large format lithium-ion batteries for the automotive industry and consumer sector.”
Orocobre shares surged as much as 46 percent to A$2.04 and traded at A$1.80 as of 1:13 p.m. in Sydney. Toyota Tsusho shares gained 8 percent to 1,518 yen, after earlier jumping as much as 15 percent, the most since October 2005.
‘World-Class’ Deposit
Toyota Tsusho is seeking reliable, low-cost supplies to meet rising demand for lithium-ion batteries for automobiles, the Nagoya, Japan-based company said in the statement.
“The size and quality of the deposit is world-class and we believe will produce high-purity, battery-grade materials required for the global battery industry at a cost that is competitive,” Toyota Tsusho said.
Orocobre will own the remaining 75 percent of the project after construction is completed, and will operate the joint venture, the Australian company said.
Construction is expected to be completed by early 2011, and the mine will be operational by the end of that year, Orocobre spokesman Paul Ryan said in a telephone interview.
Toyota Motor plans to begin retail sales of a plug-in version of its Prius hybrid car powered by a lithium-ion battery in about two years. It also intends to introduce a short- distance pure electric car in 2012.
Toyota established a joint venture in 2007 with Panasonic Corp., then Matsushita Electric Industrial Co., to ensure supplies of lithium-ion batteries for the automaker’s planned plug-in hybrid cars. Panasonic purchased 50.2 percent of battery maker Sanyo Electric Co. last month.
To contact the reporter on this story: Nichola Saminather in Sydney at nsaminather1@bloomberg.net
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