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Noranda Income Fund Unit 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
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Comment by zaphod77on Jan 14, 2015 4:33pm
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Post# 23320063

RE:Why?

RE:Why?Zinc Price was down 2-3% today, and is down about 6% on the week.

Think both Zn price and stocks have been pulled down by general weakness in Base Metals... look at trevali today.

IMO, outlook for Zn is better than ever though. If you look at LME Zn stock levels they are dropping fast, and are at the lowest level since August 5th, when spot Zn was trading nearly 20% higher.

https://www.westmetall.com/en/markdaten.php?action=show_table&field=LME_Zn_cash
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