Namibia Critical Metals is close to finalizing approvals for a joint venture at its Lofdal heavy rare earth project with partners JOGMEC and Toyota Tsusho. The JV will see JOGMEC and Toyota Tsusho earn a 50% stake by meeting a C$23 million expenditure requirement. The Lofdal project is a major source of heavy rare earths like dysprosium and terbium, vital for electric vehicles and renewable energy. The partnership includes protections for Namibia Critical Metals’ stake and options for further investment and production rights.
Namibia Critical Metals' joint venture news with JOGMEC and Toyota Tsusho is presented here with Basic Materials sector data from Pluang as of Oct 13, 2026 20:11 WIB. Of 62 priced Basic Materials stocks on Pluang, 38 rose and 22 fell today. Notable movers include PPG Industries at USD 104.96 with a 1.21% gain and a typical hold time of 68 days, Gerdau S.A. at USD 5.20 up 1.17% with a 4-day hold time, and Albemarle Corp. at USD 97.40 down 1.13%, where sell orders dominate at 87%.
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