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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 > Will state owned KEPO turn out the lights on Korea Zinc?
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Comment by galvanizedon Jul 08, 2022 2:14am
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Post# 34810337

RE:RE:Will state owned KEPO turn out the lights on Korea Zinc?

RE:RE:Will state owned KEPO turn out the lights on Korea Zinc?Well, no... Like the article says, the rates were raised by 5 won per kilowatt, but since 1USD =1300Won that is only .38 of a cent USD, per KW.  And then since the value of the Won has been collapsing against the USD, the rate increase is not  even keeping up with the local currency depreciation against the USD, much less doing the anything to address the spiking cost of LNG. Per oilprice.com today:
Alberta natural gas: 4.74
LNG Japan/Korea: 38.61
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