Supply and Demand Producing Significant Opportunities for Cobalt & Lithium Mining Industry - Seite 3

Lithium Americas Corp. (OTCQX: LACDF) (TSX: LAC.TO) announced earlier this week an update on the Lithium Nevada Project located in Nevada, USA. The Company is developing the 100% owned Lithium Nevada Project, a clay-based lithium resource in the McDermitt Caldera, through its wholly owned subsidiary, Lithium Nevada Corp. Building on years of exploration and testing, a Preliminary Feasibility Study on the Lithium Nevada Project is expected to be complete by the end of Q2 2018 to demonstrate the economic potential of producing lithium hydroxide from lithium-bearing claystone.

In other mining developments:

Vale S.A. (NYSE: VALE) came to a close up 3.28% on Tuesday with over 28.6 million shares traded by the market close. Brazil's Vale SA , the world's largest iron ore producer, said on last week its production in the third quarter hit a fresh quarterly record, boosted by a ramp-up at its S11D mine. Iron ore output rose 3.3 percent compared with the same period last year to 95.1 million tonnes, the company said, spurred by record quarterly production in Vale's so-called northern system, which includes the Carajas, Serra Leste and S11D mines in the state of Para. Output at those mines jumped 16.4 percent to 45 million tonnes, as S11D, which began selling ore this year, advanced "according to plan," the company said.

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