Wednesday, January 14, 2009

Update on Rare Earth Metals

in December Toyota acquired Wako Bussan - a Japanese trading firm - in order to secure supplies of rare earth metals used in electronics, energy efficient light bulbs, catalytic converters, and hybrids.

Our proxy is Lynas Corp (LYSCF) of Australia.

Read more about the Toyota purchase here.

http://www.toyota-tsusho.com/data/current/detailobj-635-datafile.pdf

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