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Thursday, October 2, 2008

UPDATES ON OCT 2 THURSDAY

OCT 2 THURSDAY

Three month Zinc was bid at $ 1675 MT at 0900 GMT

down $ 8 from the previous close.

Workers at Xstrata's Kidd Operations in North Ontario

are set to strike after contract talk broke off on Monday.

Kidds Facilities produces 138000 tonnes of Zinc.

Zinc has support at $ 1700 and Resistence at $ 1900.

Analyst feel another close below $ 1700 today could

prove negative as it would suggest a retest of the recent

lows of $ 1600.

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