Toyota (TM +0.2%) believes it is near a breakthrough in developing electric motors for hybrid...

|About: Toyota Motor Corporation (TM)|By:, SA News Editor

Toyota (TM +0.2%) believes it is near a breakthrough in developing electric motors for hybrid cars that eliminates the use of rare earth metals, whose prices have risen sharply in the past year as China restricted supply. Rare earth names pull back: AVL -4.4%, MCP -3.8%, SHZ -3.5%, REE -3.4%.