Shares of Latin American zinc producers surged on Thursday, driven by improving demand fundamentals in the galvanised steel sector and a more optimistic outlook for construction activity.
Nexa Resources (NEXA.K) led the advance, closing at US$13.16, while Buenaventura (BVN) also posted strong gains, settling at US$31.86.
The rally reflects a broadening of buying interest into industrial metal miners as downstream demand signals strengthen.
The price action underscores a shift in market sentiment toward base metals linked to infrastructure and housing cycles.
With zinc primarily used for galvanising steel to prevent corrosion, the uptick in stock prices suggests traders are pricing in a recovery in regional construction projects.
The move comes as investors look for exposure to commodities that benefit from renewed economic activity in Latin America.