TOKYO : Japanese trading house Toyota Tsusho Corp is concerned that there may be more moves by countries like Chile to restrict exports of raw minerals such as lithium, its chief financial officer said on Thursday.Chile's President Gabriel Boric said last week he would nationalize the country's lithium in
TOKYO : Japanese trading house Toyota Tsusho Corp is concerned that there may be more moves by countries like Chile to restrict exports of raw minerals such as lithium, its chief financial officer said on Thursday.
"Like what happened in Chile, there could be more cases of restrictions on export of raw materials due to growing nationalism in emerging countries," CFO Hideyuki Iwamoto told a news conference. Toyota Tsusho, together with Australian miner Orocobre, began production of lithium carbonate at a mine on the Olaroz salt flat in Argentina in 2014, and decided to expand the production capacity in 2018.
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