Boliden has confirmed that it is in discussions regarding the acquisition of Nexa Resources, validating widespread market speculation about a potential deal between the two mining groups.
The Swedish company issued a press release acknowledging the rumors, which have circulated in financial markets for some time.
The confirmation marks a significant development in the base metals sector, where consolidation has been a recurring theme as companies seek to optimize portfolios and secure supply chains.
Boliden shares are trading with heightened volatility following the announcement.
The market reaction reflects investor uncertainty regarding the scale, timing, and financial terms of the potential transaction.
While the company has not disclosed specific details about the deal structure or valuation, the confirmation alone has triggered significant trading activity.