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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 > Trafigura/Nystar = Glencore/Noranda
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Post by schocor on Jul 25, 2022 3:24pm

Trafigura/Nystar = Glencore/Noranda

Nice little story about the a trader (Trafigura) bankrupting a smalter (Nystar). There are a few similarities to out Glencore/Noranda situation. 

There seems to be a business model with the traders treating the smelters as a cost center and the trading desk (in Geneva) as the profit center. 

Trafigura awaits Nyrstar ruling as minority investors in zinc producer fight on - MINING.COM
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