Nexa Gains 1.2% as Buenaventura Falls 2.5% | Zinc, Oct 7
Zinc miner Nexa rose 1.20% against a falling market while Buenaventura slid 2.54%. Peru's output fell 12% in January–July; Chinese steel demand is soft. The post Nexa Gains 1.2% as Buenaventura Falls 2.5% | Zinc, Oct 7 appeared first on The Rio Times .
On October 7, 2026, shares of Nexa Resources, a zinc miner, rose 1.20% to US$12.60, while the stock of Buenaventura, a Peruvian precious metals miner, fell 2.54% to US$31.13. Zinc, primarily used to coat steel against rust, is a key factor for demand, especially influenced by Chinese steel output. The Latin American story surrounding zinc revolves around Peru, the world’s second-largest zinc miner, which saw a 12% decrease in production from January to July 2026, compared to the previous year.
Most mining shares fell on the day, making Nexa's rise stand out. The factors affecting zinc prices this day were mainly supply from Peru and weaker demand from China.
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