Noranda Income Fund (NIF) forecasts higher zinc metals production and sales this year but said concentrate market conditions remain the main challenge for its processing facility.
NIF, which owns the Canadian Electrolytic Zinc (CEZ) facility in the Canadian province of Quebec, expects 2019 zinc metal production and sales to be between 270,000 and 280,000 tonnes. This is up from earlier forecasts of 260,000-270,000 tonnes, with the company citing a return to full production capacity and broader economic indicators pointing to stable zinc prices and improvements in treatment charges (TCs). Zinc metal...