Zinc Edges Up to US$3,864 as Nexa Gains 1.2% on Tight Stocks
London zinc rose 0.32% to US$3,863.50 a tonne on Tuesday as a widening LME backwardation and falling Peruvian output offset thin Chinese buying; Nexa Resources gained 1.23%. The post Zinc Edges Up to US$3,864 as Nexa Gains 1.2% on Tight Stocks appeared first on The Rio Times .
Zinc prices rose to US$3,864 on Tuesday, September 29, 2026, after trading between US$3,831.50 and US$3,876. The increase came from tighter nearby supply and shrinking Peruvian output. The London Metal Exchange (LME) stocks rose to 123,550 tonnes on September 29, up 75 tonnes from the day before. Peruvian output declined 12% year on year in January to July 2026, while China's demand remained soft.
The backwardation, the difference between cash and three-month zinc prices, widened to US$101.69 per tonne. Nexa Resources, a Latin American zinc producer, gained 1.23% to US$12.38.
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