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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 > Nyrstar's Auby raises the white flag....
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Comment by Bwrbhkon Dec 17, 2021 11:42am
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Post# 34240844

RE:RE:Nyrstar's Auby raises the white flag....

RE:RE:Nyrstar's Auby raises the white flag....There are 11 zinc smelters in Europe with a total capacity of about 2.2 million tonnes or about 15% of total world capacity.  Two of them have announced temporary closure due to high energy costs (Portovesme in Italy and Auby in France) and several others have announced unspecified production cutbacks for the same reason.  Very bullish for the price of zinc and should eventually be positive for treatment charges.  All good for Noranda.
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