OTCPK:NNDIF - Post by User
Comment by
ljp0101on Oct 12, 2022 8:27am
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Post# 35019013
RE:RE:RE:RE:RE:RE:RE:RE:RE:New Quarter - Fingers Crossed on Production Figures
RE:RE:RE:RE:RE:RE:RE:RE:RE:New Quarter - Fingers Crossed on Production Figures Going to lose some revenue / EBITDA in Q3 from lower free metal given zinc price was lower.
Europe (Nordics) has always had surplus refined and exported to the US. Now US needs to source marginal refined from Asia, which is why NA trades at a premium to Europe. This should be a twofer for CEZ because should be reaping a relative transport cost advantage on concentrate as the concentrate that was going to Europe needs to get redirected further afield ... but I imagine Glencore has found a way to pocket this, which I'm guessing is ~10/t of concentrate.