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Noranda Income Fund Unit T.NIF.UN


Primary Symbol: NNDIF

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

Post by galvanizedon Jul 30, 2021 12:58am
279 Views
Post# 33630774

Boliden investing 700M euro in zinc smelter. WOW!!

Boliden investing 700M euro in zinc smelter. WOW!!
https://codeitworldwide.com/news/expansion-of-boliden-odda-and-more-zinc-with-world-leading-climate-performance/

So this is really extraordinary news.  The zinc smelter outlook is so improved that boliden is willing to invest 700M euro in a zinc smelter upgrade.  They enjoy exactly the same advantage NIF has, which is access to cheap hydro electric power.  So the 700M where their mouth is says zinc treatment charges are going up.
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