China's Rare Earth Price Index holds at 264.6 as heavy rare earths like dysprosium and terbium remain critically scarce outside China, reshaping global
Company Profile
Toyota Motor Corporation
About Toyota Motor Corporation
Toyota Motor Corporation is a publicly traded Japanese automotive manufacturer headquartered in Toyota City, Aichi Prefecture, and listed on the Tokyo Stock Exchange under ticker 7203, with American Depositary Receipts trading on the NYSE as TM. Toyota is a major downstream consumer of rare-earth elements, which it uses in the neodymium-iron-boron permanent magnets that power the electric traction motors in its hybrid, plug-in hybrid, fuel-cell and battery-electric vehicles. Rare earths such as neodymium, praseodymium, dysprosium and terbium are critical to these high-performance magnets. Toyota has pursued supply-chain resilience and reduced rare-earth dependence, notably developing a neodymium-reducing heat-resistant magnet that substitutes more abundant lanthanum and cerium for a portion of the neodymium and dysprosium used in motor magnets. The company continues to invest in electrification, magnet technology and critical-minerals sourcing to secure its global vehicle production.
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Recent Articles
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