OTCPK:NNDIF - Post by User
Comment by
schocoron Oct 11, 2021 6:36pm
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Post# 33995733
RE:RE:RE:RE:RE:RE:RE:RE:Some sizeable trades lately
RE:RE:RE:RE:RE:RE:RE:RE:Some sizeable trades lately I predict treatment charges will increase signifigantly in 2022. Too many zinc smelter locations face energy prices higher than last years.
As for the 2022 contract rate: I dont know if we will see $300, but coal in south korea is 2/3'rd of their power generation; at at an all time high as we approach the new year. This should move the 2022 "contract" price higher as well.
The glencore deal is terrible and we really need to do something about it; but from my perspective the economic situation at noranda looks better than it has in a year (or two).