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

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%.
Comments (4)
  • It only took time.
    14 Jan 2011, 09:51 AM Reply Like
  • Nothing pleases Japan more than when it can rid itself of any dependency on China.
    14 Jan 2011, 09:52 AM Reply Like
  • Or any of us, for that matter.
    14 Jan 2011, 09:55 AM Reply Like
  • A "breakthrough"? Wow, a lot of other folks have been doing it for a while, Toyota is falling behind the curve.

     

    Toyota's hybrid motor is likely the most cited/popular example of rare earths in consumer products so I guess it had to make a statement about it, but I hardly see this a big deal.
    14 Jan 2011, 01:12 PM Reply Like
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