Noranda Income Fund Unit NNDIF

zinc mkt comment from CZX

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CZX management met with senior representatives of one of China’s largest Copper smelting companies (state-owned) early last month…that company, Tongling Nonferrous Metals Group Holdings Co. Ltd., owns a 32% equity interest in Canada Zinc…

Peeyush Varshney, CZX President and CEO stated prior to the meeting: “This meeting comes at a time when many in the industry anticipate the Zinc market to continue moving into significant deficit over an extended period with further mine closures and depleting inventories. The shortage of mine supply has Zinc inventories being drawn down below critical levels.”