{
  "id": 3915242,
  "title": "Zinc Dips as Nexa Plunges 11% on Boliden Takeover",
  "url": "https://urgent.news/2026/08/28/zinc-dips-as-nexa-plunges-11-on-boliden-takeover",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-28T06:59:02.000Z",
  "source": {
    "name": "The Rio Times",
    "slug": "the-rio-times",
    "url": "https://www.riotimesonline.com/zinc-markets-latam-friday-august-28-2026/"
  },
  "original_language": "en",
  "account": "Zinc prices dipped on Thursday, August 27, 2026, as the three-month benchmark settled at US$3,890 a tonne in London, a decline from US$3,933 the previous day. The dip came after a surge the previous day that pushed cash zinc to US$4,107 a tonne, a US$217 premium over three-month delivery, the widest gap since Wednesday. The premium indicates tight nearby supply of zinc, driven by demand from galvanised-steel users in construction and infrastructure.\n\nNexa Resources, a Brazil-headquartered miner and smelter with operations in Peru and Brazil, saw its shares plunge 10.78% to US$13.90 in New York following the news of a definitive agreement between Sweden’s Boliden and Brazil’s Votorantim. Votorantim will acquire a controlling stake of 64.68% of Nexa’s shares and votes, with Votorantim receiving 0.250 newly issued Boliden shares for each Nexa share.\n\nThe zinc market remains tight, but the double-digit fall in Nexa’s shares is attributed to the takeover deal rather than the metal itself. Peru’s Buenaventura, a Peruvian producer with zinc and precious metals output, rose 0.33% to US$36.30, suggesting the selling was company-specific rather than a general market decline.\n\nThe Boliden deal reshapes the regional zinc landscape, with control of a major zinc producer transferring from the Votorantim family to the Swedish group, Boliden, pending shareholder and regulatory approval. The zinc market remains focused on the physical supply-demand situation, with immediate metal still in high demand and a US$217 premium over three-month delivery. The main risks for the market include sudden releases of warehouse metal or a slowdown in North American construction orders.",
  "summary": "Zinc held near US$3,874 a tonne on Thursday, August 27, backing off from a midweek squeeze. Nexa Resources fell 10.78% to US$13.90, while Peru's Buenaventura ro The post Zinc Dips as Nexa Plunges 11% on Boliden Takeover appeared first on The Rio Times .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}