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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 ljp0101on Oct 13, 2021 6:25am
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Post# 33999901

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:Some sizeable trades lately"The Fund does not have the right to terminate the SPA except in certain limited circumstances such as breach of contract etc."

Nothing can be done about the Glencore situation beyond shareholder or government litigation.

The annual benchmark is only partially relevant because NIF and Glencore never seem to be able to arrive at terms. This is why I believe spot TCRCs must rise for CEZ to have improved economics.

China power prices are fixed and the generators are eating higher coal prices where they're forced to buy on spot. They'll raise prices but nowhere near what's implied by the coal price. Real question is if smelters see meaningful power rationing and buy less concentrate as a result pushing the concentrate market into oversupply so it's sellers competing for buyers instead of buyers competing for sellers.
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