Keflex 250mg, Toyota Tsusho Corp, a trading house and key Toyota supplier that Toyota owns 22 percent of, just announced that it would be jointly developing a new lithium project in Argentina with the Australian-listed Orocobre Ltd..For more information read:
Toyota in Argentine Lithium Deal for Hybrid Car Push
By Eriko Amaha for Reuters.
From the Reuters post:
"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, pen vk 250 mg.
The deal sent shares in the lithium project's owner and operator, Keflex 500 mg dosage, Australian-listed Orocobre Ltd, soaring almost 50 percent to an all-time high.
Lithium, keflex 100 mg, a highly reactive and versatile metal, Pen vee k 250 mg, is expected to be in increasing demand as carmakers choose costly but more efficient lithium-ion batteries to power hybrid and electric vehicles.
"When it comes to mass production of hybrids, the main hurdle has been a shortage of batteries," said Yoshihiko Tabei, chief analyst at Kazaka Securities, keflex 250mg. "Toyota is taking a step on its own to secure the materials it needs to ensure stable production." ...
Subject to the finalization of the terms, cephalexin 500 mg for dogs, Toyota Tsusho will acquire a 25 percent equity interest in the joint venture while Orocobre will continue to own the remaining 75 percent of the project and will operate the venture."
Toyota in Argentine Lithium Deal for Hybrid Car Push
http://abcnews.go.com/Business/wirestory?id=9608959&page=1
Toyota in Argentine Lithium Deal for Hybrid Car Push
By Eriko Amaha
ReutersSYDNEY/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. Pen vee k 250 mg, 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, keflex 500 mg qid.
Lithium, Penicillin v 250 mg, 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. Keflex 250mg, "When it comes to mass production of hybrids, the main hurdle has been a shortage of batteries," said Yoshihiko Tabei, chief analyst at Kazaka Securities. "Toyota is taking a step on its own to secure the materials it needs to ensure stable production."
Toyota Tsusho Corp, amoxicillin 500 mg sinus infection, a trading house and key Toyota supplier 22 percent-owned by the automaker, Keflex capsules 500mg, said it would jointly develop a new lithium project in Argentina with Orocobre.
Orocobre shares jumped to a record peak of A$2.04 in its heaviest ever trading volume. The stock has risen almost 10-fold in the past 12 months, pen vk 250 mg, and closed up 32 percent at A$1.85. Keflex 500 mg dosage, Toyota Tsusho rose 6 percent, while Toyota Motor's stock ended down 0.9 percent, roughly in line with other auto shares, keflex 100 mg.
STEP CHANGE IN DEMAND
The Salar de Olaroz project in Argentina is estimated to cost around $80-$100 million, with the final figure to be determined after a feasibility study, Orocobre spokesman Paul Ryan said, adding the study should be complete by end-September, keflex 250mg.
"As environmentally friendly electric car demand continues to grow, Keflex 500mg dosage, Toyota Motor will have the opportunity to become a cornerstone offtake customer," Orocobre said in a statement.
Toyota uses nickel-metal-hydride batteries for the current Prius hybrid but has decided on lithium-ion batteries for future plug-in models, keflex pulvules 500mg.
Concerns about carbon emissions and their impact on climate change plus high and volatile oil prices are increasing the popularity of hybrid and electric vehicles despite their higher costs. Keflex 750 mg dosage, Toyota aims to double its global output of gas-electric hybrid cars to 1 million units in 2011, as it fights to stay in the lead in the growing market for low-emission cars, the Nikkei business reported this month, pen vk 250. Keflex 250mg, Orocobre went public in December 2007 and now has a current market capitalization of nearly A$150 million.
Managing Director Richard Seville said the lithium market had been growing at a compound annual growth rate of about 7 percent between 1997 and 2007, Amoxicillin 500 mg sinus infection, before the global financial crisis, thanks largely to demand from consumer electronics makers.
"That growth will continue, keflex 100 mg, but on top of that we have the step change in demand with a new application which is in large format batteries for use in electrical vehicles, Keflex pulvules 500mg, " Seville told Reuters.
Houston-based James Calaway, non-executive chairman, penicillin v 250 mg, and his family members hold an 11 percent stake in Orocombre, Keflex capsules 500mg, while other board members own a further 15-20 percent, Seville said.
JAPAN SEEKS RARE METALS
Subject to the finalization of the terms, keflex 750 mg dosage, Toyota Tsusho will acquire a 25 percent equity interest in the joint venture while Orocobre will continue to own the remaining 75 percent of the project and will operate the venture. Pen vk 250 mg, The Japanese government-affiliated Japan Oil, Gas and Metals National Corp (JOGMEC) is looking to take a part of Toyota Tsuho's 25 percent stake, as part of Japan's efforts to secure stable sources of rare metals, cephalexin 500 mg for dogs, government officials said.
"Rare metals are essential not just for the high-tech sector but for Japan's manufacturing industry overall," said Hiroshi Kuwayama, a deputy director at Japan's Agency for Natural Resources and Energy.
"With other countries, such as China, investing in mines around the world, we want to be more aggressive to support the private sector in securing stable supplies."
Boliva has around 50 percent of the world's lithium reserves, but does not yet mine the metal, while Chile, China and Brazil also hold big reserves.
(Additional reporting by Mayumi Negishi in TOKYO and Leonora Walet in HONG KONG; Editing by Mark Bendeich and Lincoln Feast)
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