Zinc: Nexa Jumps 9.45% Amid Four-year Supply Peak
LME zinc hit its strongest level since mid-2022 as warehouse stocks shrank. Nexa Resources closed 9.45% higher, Buenaventura 3.83%, with Peru, Bolivia and Mexic The post Zinc: Nexa Jumps 9.45% Amid Four-year Supply Peak appeared first on The Rio Times .
Zinc prices surged on August 21, 2026, as traders responded to falling LME warehouse stocks and mine supply disruptions, causing a shortage of concentrates. The cash contract's premium over the three-month metal led buyers to pay more for immediate delivery. Latin American countries such as Peru, Bolivia, and Mexico, which are major zinc-mining nations, shipped concentrates to global smelters seeking raw material.
Nexa Resources, operating in Peru and Brazil, saw its stock rise 9.45% to US$15.40, while Buenaventura, a Peruvian miner, increased by 3.83% to US$35.47. The demand for galvanised steel, a structural anchor for zinc, remains strong due to infrastructure spending in India and the United States. The market is pricing a supply shortage, with Latin American miners with spare concentrate capacity being the main beneficiaries.
Nexa Resources reaffirmed its full-year zinc guidance of 310-360 thousand tonnes, providing investors with a concrete output floor during the rally.
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