$NEXA

Zinc prices fell 2.25% on the LME to US$3,793.50 per tonne due to higher US Treasury yields and a stronger dollar. Latin American miners Nexa Resources (NYSE: NEXA) and Buenaventura (NYSE: BVN) dropped 6.01% and 2.47% respectively, reflecting broader market sell-offs in emerging-market mining equities.

Copper prices stabilized on Friday, with LME copper at $14,233/tonne and US copper at $6.55/pound. Copper-tracking fund CPER rose 0.36%. Southern Copper and Freeport-McMoRan slipped slightly, while Nexa Resources and Teck Resources gained. The market reacted to a stalled US tariff proposal on refined copper, which had previously driven a rally. Chile and Peru remain key copper producers, with Chile expecting a 2.6% output decline in 2026. Upcoming events include China's industrial production dat

Zinc prices fell $90 to $4,015/tonne, with the 3-month contract at $3,872. Backwardation held at $143. Nexa Resources (NEXA) and Buenaventura (BVN) shares rose 1.29% and 0.56% respectively, recovering from Thursday's losses. Latin American zinc production is declining, with Peru's output down 10.2% in 2026. Boliden agreed to acquire Nexa for ~$1.31B, valuing the company at ~$3.67B.

Zinc prices rose on September 4, 2026, due to tight supply and steady demand for galvanized steel, with a benchmark settling at US$3,929.55 per metric ton. Nexa Resources (NEXA) fell 0.36% to US$13.80, while Buenaventura (BVN) dropped 2.50% to US$33.90, impacted by gold's decline due to strong US payrolls data.

Nexa Resources fell 3.96% to $13.35 after Boliden agreed to buy Votorantim's controlling stake. Buenaventura dropped 3.25% to $35.12. Zinc futures declined 0.46% to $3,856 per tonne. The deal may reshape Latin American zinc output ownership and financing.

Zinc prices dipped on Thursday, with the three-month benchmark settling at $3,890 per tonne, down from $3,933. Nexa Resources, a zinc producer, fell 10.78% to $13.90 after Boliden announced a takeover deal valuing Nexa near $15.30 per share. The zinc market remains tight, with cash metal at $4,107 per tonne and a $217 premium over three-month delivery.

Zinc prices on the LME hit a 4-year high of $4,107/tonne, up 55% from mid-2025 lows, as warehouse stocks dropped 64% to 95,000 tonnes. Analysts cite supply cuts and demand growth, with HSBC forecasting a 2.1% Y/Y decline in 2026 production. Major producers like Teck Resources, Glencore, and Nexa Resources have seen significant share price increases.

Boliden (STO: BOL) agreed to buy Votorantim's 65% stake in Nexa Resources (NYSE: NEXA) for $1.3B in shares, adding zinc and silver production in Latin America. The deal implies a $15.29 per share price for Nexa, with a tender offer for the remaining 35% to follow. Boliden expects the acquisition to boost its zinc, copper, and silver output significantly, increasing revenue and earnings. The transaction is expected to close in Q1 2027, subject to approvals.

Votorantim agreed to transfer control of zinc producer Nexa Resources to Sweden's Boliden in an all-share deal valued at $1.31 billion. The transaction involves 64.68% of Nexa's shares and is expected to close in Q1 2027, subject to regulatory approvals. Nexa's shares fell 9.7% on the announcement.

Boliden AB will acquire a 64.68% stake in Nexa Resources S.A. from Votorantim S.A. via a share exchange, with Votorantim receiving 0.250x Boliden shares per Nexa share, implying a 14.2% premium. The deal, valued at $1.31B, is subject to regulatory and shareholder approvals. Boliden aims to expand its zinc and silver production and enter Latin American markets. Nexa's shares are listed on the NYSE, and Boliden plans a voluntary tender offer for remaining shares post-closing. The transaction is ex