OTCPK:NNDIF - Post by User
Comment by
ZincDinkon Mar 30, 2022 6:27pm
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Post# 34560859
RE:RE:US Price Premium now 25 to 30 c per pound
RE:RE:US Price Premium now 25 to 30 c per poundI have to wonder why we accept a fixed premium. It should be easy to word a contract that allows for a sliding scale if the premium changes in the market.
The cause of the premium is the unstable electric market in China and primarily the energy market in Europe. I see no indications this will change in the near term (but I didn't see it getting so expensive, so my observations might not be worth much).
Not sure I understand your comment as metal flows west. NIF is supposed to be negotiating for all shareholders, instead of the one holding a large chunk of stock. If we can't start getting better deals, its time to break free of GC.There will be no reason to see if we can't negotiate with suppliers who are not under contract with GC for supply.
Right now, since GC gave a crappy deal for TC, I think a lot of the TC is currently based on market TC which are now closer to 200 then 100 last year. Still waiting to hear what Korea Zinc sets for a TC. I suspect it will be around 200 but with riders on it.