Chamwe Kaira
Toyota Tsusho Corporation plans to join a rare earth exploration project in Namibia, marking a new step in the country’s mining sector.
The project is led by Japan Organization for Metals and Energy Security, which has been working with Namibia Critical Metals Inc. since 2020 to explore the Lofdal area in the Kunene Region.
The project has already confirmed the presence of heavy rare earth elements such as dysprosium and terbium. A preliminary feasibility study was completed earlier this year.
Toyota Tsusho will now take part in the next phase of the project. The company will contribute to the definitive feasibility study and provide expertise in refining and supply chain development.
A final investment decision is expected in the 2026 financial year, depending on study results and market conditions.
The Lofdal project holds a 25-year mining licence granted in 2021. It is located near Khorixas, which supports access and logistics.
If developed, the project could become one of the few sources of heavy rare earths outside China. This could strengthen global supply and position Namibia as a key exporter.
Global demand for rare earth elements is rising. These minerals are used in electric vehicle motors and renewable energy systems.
Namibia is attracting more interest as countries seek new sources of critical minerals.
Other projects are also being explored. The Kameelburg project north of Windhoek is targeting rare earth elements and niobium. The Eureka project is showing rare earth and uranium potential.
In southern Namibia, early exploration is underway at Kieshöhe and Teufelskuppe.
These developments point to growing activity in the sector. Namibia could benefit from new investments, skills transfers, and job opportunities as demand for critical minerals increases.
