Toyota to Start Lithium Mining in Argentina for Future Batteries

Toyota is really staking its future on electric vehicles. Toyota Tsusho Corporation, a member of Toyota Group, is setting up a mine at the Salar de Olaroz Lithium-Potash Project in northwestern Argentina. Toyota Tsucho will operate the mine with Orocobre Ltd, an Australian mining company. 

The mine will be located in a salt lake in Argentina that contains an estimated 6.4 million tons of lithium. The mine will open in 2013 and be able to produce 16,400 tons of lithium per year. 

Source: Green Car Web Site