Nexa Gains 1.9% as Peru Zinc Output Falls | Zinc, Oct 5
Zinc miners rose on Monday: Nexa Resources gained 1.88% and Buenaventura 0.64% as Peru’s zinc output kept falling. See the board and outlook. The post Nexa Gains 1.9% as Peru Zinc Output Falls | Zinc, Oct 5 appeared first on The Rio Times .
On Monday, Latin American zinc producers experienced a rise in stock prices, with Nexa Resources and Buenaventura both seeing increases. Nexa Resources rose 1.88% to US$12.47 and Buenaventura climbed 0.64% to US$31.59. Peru is among the world's leading zinc producers, and its concentrate output has decreased this year. Lower zinc output in Peru supports the sector, although China, the primary buyer, was on its holiday break, preventing them from purchasing.
Zambia’s zinc concentrate production fell by 12% year-on-year in the first seven months of 2026, reaching 746,000 tonnes. Zinc is primarily used to galvanize steel, which prevents rust. No zinc price was verified for this Monday, so the board relies on equity proxies instead. Chinese buyers will return after their holiday, providing a clearer picture of the zinc price.
The article highlights two listed zinc producers as proxies for the market. Peru, Mexico, and Bolivia are major exporters of zinc. Nexa operates in Peru and Brazil, while Buenaventura has polymetallic mines in Peru. The next significant development in demand will occur when Chinese markets reopen on October 8th.
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