Toyota has announced plans for a joint venture with a Canadian junior mining company to speed up the development of a rare earth elements mine in Quebec to supply Toyota hybrid and electric vehicles.
The Japanese carmaker said it has signed a non-binding memorandum of understanding with Montreal-based Matamec Explorations Inc to collaborate to "fast track the development" of Matamec's Kipawa heavy rare earths deposit.
Full story http://www.businessspectator.com.au/bs.nsf/Article/Toyota-eyes-Canadian-rare-earth-minerals-PJ2RX?OpenDocument&src=edbyo&ir=4
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