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Namibia’s Lofdal rare earths project partners with Toyota Tsusho to boost global supply of key metals for EVs and wind turbines.
Namibia Critical Metals has selected Toyota Tsusho as a strategic partner in its Lofdal Heavy Rare Earths Project in Namibia, following a public tender led by Japan’s JOGMEC.
The partnership leverages Toyota Tsusho’s global supply chain experience and rare earth processing capabilities, including a refinery in India.
The project, fully permitted with a 25-year license, aims to supply dysprosium and terbium—key elements for electric vehicle motors and wind turbines—boosting global efforts to diversify rare earth supplies away from China.
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El proyecto de tierras raras Lofdal de Namibia colabora con Toyota Tsusho para impulsar el suministro mundial de metales clave para vehículos eléctricos y turbinas eólicas.