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Noranda Income Fund Unit T.NIF.UN


Primary Symbol: NNDIF

Metals & Mining Industrial Metals & Minerals
Noranda Income Fund is a Canadian based income trust. The fund owns the electrolytic zinc processing facility and ancillary assets located in Salaberry-de-Valleyfield, Quebec. It produces refined zinc metal and by-products from sourced zinc concentrates. The fund's long-term objective is to maximize unitholder value and provide monthly distributions to unitholders.


OTCPK:NNDIF - Post by User

Noranda Income Fund Unit > Some sizeable trades lately
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Comment by schocoron Oct 11, 2021 6:36pm
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Post# 33995733

RE:RE:RE:RE:RE:RE:RE:RE:Some sizeable trades lately

RE:RE:RE:RE:RE:RE:RE:RE:Some sizeable trades lately

I predict treatment charges will increase signifigantly in 2022. Too many zinc smelter locations face energy prices higher than last years. 

As for the 2022 contract rate: I dont know if we will see $300, but coal in south korea is 2/3'rd of their power generation; at at an all time high as we approach the new year. This should move the 2022 "contract" price higher as well. 

The glencore deal is terrible and we really need to do something about it; but from my perspective the economic situation at noranda looks better than it has in a year (or two). 

 

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