Noranda Income Fund in 4-year deal to buy Glencore zinc concentrate, sell metal

Glencore Canada Corp is to supply Noranda Income Fund with all of its zinc concentrate requirements and purchase all the fund’s zinc metal for a four-year period ending April 30, 2022.

Noranda Income Fund said that until April 30 2019 it will buy the zinc concentrate and sell the zinc metal based on fixed market terms for both concentrate and metal. After that, terms will be agreed annually, in line with prevailing market...

Published

Andrea Hotter

March 08, 2018

14:22 GMT

New York