Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Noranda Income Fund Unit NNDIF

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 Discussion

Noranda Income Fund Unit > Sulfur is the new gold.
View:
Post by galvanized on Jul 15, 2022 4:13pm

Sulfur is the new gold.

The supply of smelter acid is no longer anywhere close to meeting the demand in North America, so it is necessary to burn elemental sulfur at an acid plant to create the needed supply.  This is called "burner acid" .  It takes about 1 tonne of sulfur to make 3 tonnes of acid.

The supply of elemental sulphur in North America is also insufficient to meet the demand for burner acid, and so up until recently, the shortfall was being made up with imports from Russia....oops.

So since the start of the Ukraine war, the price of elemental sulfur has escalated greatly and now sits at about $650 tonne. This means that the materials need to make a tonne of sulfuric acid is over $200 plus whatever the processing cost would be.

It seems likely that the acid price is going to stay quite high for as long as the Russian supply is disrupted.
Be the first to comment on this post
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities