Zinc Holds Near US$3,740 as Peru Output Falls 12% | Zinc, Oct 6
Zinc held near US$3,740 a tonne as Peru, the second-largest miner, produced 12% less zinc. Weak Chinese steel output limits demand for the metal. The post Zinc Holds Near US$3,740 as Peru Output Falls 12% | Zinc, Oct 6 appeared first on The Rio Times .
Zinc prices hovered around US$3,740 a tonne on October 6, according to market data sources. The metal, primarily used to prevent steel from rusting, is influenced by Chinese steel production. Peru, the world's second-largest zinc producer, saw a 12% decline in output from January to July 2026 compared to the previous year. This reduction in zinc supply from Peru could help lift prices, but weaker Chinese steel output may limit demand.
Nexa Resources, a major zinc miner with operations in Peru and Brazil, experienced a 0.16% drop, while Buenaventura, a Peruvian miner of gold, silver, and base metals, saw a 1.11% increase.
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