Following is an excerpt from a report in

Toyota Tsusho Corp. will set up a refining plant in India for rare earth minerals used in hybrid car motors in a bid to diversify supply sources, company officials said Friday.

The Nagoya-based trading house will start building the plant in India’s eastern state of Orissa possibly by the end of this year.

The refinery is expected to go on line next autumn with an annual capacity of 3,000 to 4,000 tons of mineral ores, including neodymium, for export to Japan, they said.

… Rare earths consist of 17 elements such as neodymium, dysprosium and cerium, and are used in the production of high-tech products such as cellphones, digital cameras, flat-panel televisions and hybrid vehicles.