Zinc-linked miners Nexa and Buenaventura slide on softer metals tone

Latin American zinc producers face headwinds as supply concerns across Peru, Bolivia, and Mexico weigh on sentiment, even as LME benchmarks hold near recent highs.

By Handelsavisen Newsroom · Automated 2026-07-27 05:34 UTC · 1 min read

Shares of Nexa Resources and Buenaventura retreated in the latest session, dragged down by a broader softening in metals sentiment.

The pullback highlights the vulnerability of Latin American miners to shifting market mood, even as underlying fundamentals remain complex.

London Metal Exchange benchmarks have been holding firm just below recent highs, trading around $3,529 per tonne.

The price pressure comes against a backdrop of persistent supply tightness in the zinc market.

London Metal Exchange benchmarks have been holding firm just below recent highs, trading around $3,529 per tonne.

This resilience in the metal price underscores the structural supply constraints facing the industry, particularly across key producing regions in Peru, Bolivia, and Mexico.

For Nexa Resources, the market dynamics are further complicated by ongoing corporate developments.