Lol BFM, that's exactly what Toyota have been saying for about two years and I note they just advanced Matamec another $1.6M tranche in their JV agreement.
"("Matamec" or the "Company") is pleased to announce that the Company has received $1.595 million CDN from its Japanese partner Toyotsu Rare Earth Canada Inc. (“TRECan”), a subsidiary of Toyota-Tsusho Corp. (“TTC”). The goal of the Kipawa mine project is to supply Toyotsu heavy rare earths (“HREE”) for the production and marketing of hybrid and electric vehicles."
http://www.matamec.com/vns-site/pressdetail-2013_01_10_toyotsu_pays_16_million_to_matamec_for_continued_execution_of_kipawa_feasibility_study-en.html
'bout time some punters realised what is said in the popular press and what is actually done is usually 180 degrees opposed.
BTW, how's Japan going with their 3 sqillion mega tons of RE in the Mariana Trench?
lynas ready to explode upwards very soon, page-32
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