OTCPK:NNDIF - Post by User
Post by
Bwrbhkon Mar 25, 2022 11:49pm
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Post# 34547634
Spot TC’s in China
Spot TC’s in ChinaSMM report that spot TC's in China are now $180/t, up from $140/t last month and the average of about 80/t last year.. An increase of $100/t over last years level equates to a revenue and EBITDA increase of about $55 million on an annual basis. Combined with higher zinc, copper and sulphuric acid prices together with increased production in the second half of the year, this could be a perfect storm year for Noranda. Not hard to envision a minimum of a triple bagger over the balance of 2022.