Business Rare earth development

Toyota Tsusho, JOGMEC Advance Namibia Rare Earths

Analysis based on 11 articles · First reported Mar 17, 2026 · Last updated Mar 26, 2026

Sentiment

Attention

Articles

Market Impact

Direct

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Market Impact

The collaboration between Toyota Tsusho and Japan===Japan Organization for Metals and Energy Security (JOGMEC) on the Lofdal project is expected to secure a stable supply of critical heavy rare earths like Dysprosium and Terbium for Japan. This move is positive for the automotive and electronics industries, reducing supply chain risks and supporting the growth of electric vehicles and renewable energy technologies.

Mining Automotive Electronics

Event Summary

Toyota Tsusho has partnered with Japan===Japan Organization for Metals and Energy Security (JOGMEC) to advance the Lofdal project in Namibia, which focuses on developing heavy rare earths. The project, also involving Namibia Critical Metals, aims to secure a stable supply of critical elements such as Dysprosium and Terbium, essential for electric vehicles, renewable energy, and advanced electronics. A feasibility study is underway, with a final commercial viability decision expected by the end of fiscal year 2026. This initiative is part of Japan's broader strategy to enhance its access to strategic minerals amidst increasing global demand and supply chain concerns for rare earth elements.

Key Actions

90 Toyota Tsusho teamed up with Japan===Japan Organization for Metals and Energy Security (JOGMEC) Japan===Japan Organization for Metals and Energy Security

85 Toyota Tsusho will work on a feasibility study

80 Japan===Japan Organization for Metals and Energy Security developing Lofdal project in partnership with Namibia Critical Metals Namibia Critical Metals

70 Japan strengthen access to strategic minerals

Entities Involved

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Toyota Tsusho

Toyota Tsusho is collaborating with JOGMEC on the Lofdal project to secure a stable supply of heavy rare earths for Japan, which is crucial for its industrial needs.

Importance 90 Sentiment 60

govactor

Japan===Japan Organization for Metals and Energy Security

Japan===Japan Organization for Metals and Energy Security (JOGMEC) is developing the Lofdal project in Namibia and has partnered with Toyota Tsusho to advance its feasibility study, aiming to secure critical rare earth supplies for Japan.

Importance 90 Sentiment 60

cnt

Japan

Japan is actively seeking to strengthen its access to strategic minerals like rare earth elements. The collaboration between Toyota Tsusho and Japan===Japan Organization for Metals and Energy Security (JOGMEC) on the Lofdal project is part of Japan's strategy to secure these vital resources.

Importance 80 Sentiment 50

stock

Namibia Critical Metals

Namibia Critical Metals is a partner in the Lofdal project, which is focused on developing heavy rare earths in Namibia. The collaboration with Toyota Tsusho and Japan===Japan Organization for Metals and Energy Security (JOGMEC) could significantly benefit the company.

Importance 70 Sentiment 50

cmdt

Dysprosium

Dysprosium is a critical heavy rare earth element found at the Lofdal project, essential for electric vehicles and renewable energy technologies. Its secure supply is a key objective of the project.

Importance 70 Sentiment 40

cmdt

Terbium

Terbium is a critical heavy rare earth element found at the Lofdal project, vital for electric vehicles and advanced electronics. The project aims to ensure a stable supply of Terbium.

Importance 70 Sentiment 40

cnt

Namibia

Namibia is the location of the Lofdal project, a significant source of heavy rare earths. The development of this project could bring economic benefits to Namibia.

Importance 60 Sentiment 30

Relationships

Toyota Tsusho related ↔ Japan===Japan Organization for Metals and Energy Security

Japan===Japan Organization for Metals and Energy Security related ↔ Namibia Critical Metals

Japan related ↔ Japan===Japan Organization for Metals and Energy Security

Toyota Tsusho related ↔ Namibia Critical Metals

Toyota Tsusho related ↔ Japan

Namibia Critical Metals related ↔ Japan

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