Zinc Pulls Back: Nexa, Buenaventura Drop on Friday
Zinc proxies Nexa Resources and Buenaventura fell on Friday, August 28, 2026, as hawkish Fed bets and profit-taking cooled a red-hot metal. Full Latin America r The post Zinc Pulls Back: Nexa, Buenaventura Drop on Friday appeared first on The Rio Times .
Zinc prices fell on Friday, August 28, 2026, as rising US interest rates and a stronger dollar made commodities priced in American currency less attractive globally. Nexa Resources and Buenaventura, major zinc producers, both saw declines, with Nexa dropping 3.96% to US$13.35 and Buenaventura falling 3.25% to US$35.12. The London Metal Exchange's three-month zinc contract settled near US$4,070 per tonne, down 0.9% for the day.
The supply constraints in major producing regions, especially Latin America, were cited as the main reason behind the pullback. Despite the market being exceptionally tight, with a US$231.75 premium for immediate delivery, the pullback is seen as a rates-driven wobble rather than a break in the zinc rally.
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