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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.

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Noranda Income Fund Unit > Dutch TTF natural Gas vs. Alberta

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Post by galvanized on Jul 07, 2022 12:37am

Dutch TTF natural Gas vs. Alberta

This is right from the oilprice.com site.
Alberta Natural Gas: 4.61
Dutch TTF natural Gas: 49.73
That is 10.65 Times as much as in Canada!
Looks to me like it is completely impossibe for the Nyrstar zinc operations in France, Netherlands, and Belguim to operate at a profit with these energy prices. I could, if I wanted to, post other links to articles about the sad state of the French Nuck power industry, but I think you already get the idea. This winter, the Europeans will be cutting down the trees in their streets, and burning their furniture in an all out attempt to stay warm. Making zinc is going to be the last thing on their minds.

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