Canadian zinc producer Breakwater Resources Ltd. plans to restart its Langlois zinc mine in the Canadian province of Quebec in the first quarter 2012. Breakwater suspended operations at Langlois in November 2008 after prices collapsed because of the global recession. Zinc yesterday we have seen that market has moved -2.19%. Market has opened at 113.3 & made a low of 110.3 versus the day high of 113.3. The total volume for the day was at 29590 lots and the open interest was at 4722.Now support for the zinc is seen at 110.3 and below could see a test of 108.8. Resistance is now likely to be seen at 113.3, a move above could see prices testing 114.8.

Trading Ideas:

Zinc trading range is 108.8-114.8.

DJ Breakwater Resources to restart Langlois zinc mine in 1Q 2012

Zinc looks to take support at 110.30 and resistance at 113.30.

Zinc daily stocks at Shanghai exchange came up by 2967 tonnes.