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Noranda Income Fund Unit T.NIF.UN


Primary Symbol: 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 > US Price Premium now 25 to 30 c per pound
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Comment by ljp0101on Apr 03, 2022 6:13am
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Post# 34570872

RE:RE:RE:RE:RE:US Price Premium now 25 to 30 c per pound

RE:RE:RE:RE:RE:US Price Premium now 25 to 30 c per poundContango creates structural hedging losses but eyeballing I think it's ~20/t of concentrate worse than normal so not great but one of the smaller moving parts.

I don't really think there is a spot zinc concentrate market outside of China and the benchmark deals have volume flex clauses. Nexa is integrated and most of the large South American zinc mines like Antamina are owned by foreign companies that market their share or are integrated, although maybe they use spot for transfer pricing.
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