Nexa Jumps 5.5% as Buenaventura Gains 3.3% | Zinc, Oct 9
Key Facts
- Nexa Resources, a Latin American zinc producer, rose 5.52% to US$13.20 on Friday 9 October and is up 7.84% on the week.
- Peru’s Buenaventura gained 3.28% to US$32.46, the second regional route into zinc and precious metals.
- Metals-linked shares rallied: the copper fund CPER rose 2.15% and Southern Copper 5.31%.
- Price quotes for zinc differed between data providers on Friday, so we do not print a single London price.
Today’s Focus
Zinc producers rallied on Friday 9 October as base metals rose. Nexa Resources, which mines zinc in Peru and Brazil, jumped 5.52% to US$13.20 in New York.
Buenaventura, a Peruvian miner of silver, gold and base metals, rose 3.28% to US$32.46. Its earnings depend on several metals, so it moves with several markets at once.
Zinc is used to galvanise steel, so it follows construction and manufacturing demand. Peru is one of the world’s largest zinc producers, which makes the metal a revenue source for the Andean economy.
What matters today. The shares moved more than the metal. Nexa’s weekly gain is large, but we have no firm price to explain it.
01 The session in one read
Nexa closed at US$13.20, up 5.52%, after a 0.71% fall on Thursday. Over the week it gained 7.84%. Buenaventura closed at US$32.46, up 3.28%.
Data providers disagreed on the London zinc move on Friday, so we print neither a price nor a percentage.
Metals-linked shares were firm. The CPER copper fund gained 2.15%.
Nexa’s jump is larger than any metal move we can verify. That suggests company-specific buying or broader positioning, not only the zinc price.
We found no company announcement on Friday that explains the move.
02 The board
| Asset | Level | Change |
|---|---|---|
| Nexa Resources | US$13.20 | +5.52% |
| Buenaventura | US$32.46 | +3.28% |
| Copper fund CPER | US$40.31 | +2.15% |
Source: RT close, 2026-10-09. Nexa and Buenaventura are proxies, not the zinc price.
Nexa’s weekly change is from Friday 2 October. RT has no zinc price series, so the producers serve as proxies. The RT calendar listed no Chinese releases for 9 October. Rio Times · Live Market Intelligence
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Instrument Last Change YoY Prev. High Low Volume
IBOV
209,066.90
+1.38%
+21.85%
206,220.24
168,310
167,142
—
IPSA
11,044.42
+0.18%
—
11,024.22
11,210
10,984
1,513,213,483
IPC MEX
65,427.71
+0.68%
+12.17%
64,986.91
66,121
65,405
108,886,187
MERVAL
2,828,027
-0.16%
+30.51%
3,022,485
3,042,365
2,991,150
—
COLCAP
2,531.15
+0.21%
—
9.04
9.05
9.02
4,133
BVL PERÚ
59,610.00
+2.26%
—
—
—
—
—
USD/BRL
5.16
+0.01%
-5.13%
5.16
5.18
5.14
—
EUR/BRL
5.95
+1.01%
-5.83%
5.89
5.98
5.94
—
USD/MXN
17.06
-0.24%
-8.58%
17.10
17.08
17.01
—
USD/CLP
913.98
+0.04%
-5.67%
913.65
915.11
906.68
—
USD/COP
3,140
+0.03%
-22.04%
3,139
3,141
3,105
—
USD/PEN
3.36
-0.66%
-4.82%
3.38
3.38
3.35
—
USD/ARS
1,493
+0.10%
+12.96%
1,491
1,494
1,480
—
USD/UYU
40.27
+1.24%
+1.80%
39.77
40.27
40.23
—
USD/PYG
5,939
+1.68%
-19.54%
5,841
5,939
5,925
—
USD/BOB
11.64
-0.76%
+72.04%
11.73
11.72
11.64
—
USD/DOP
58.34
+1.25%
-3.44%
57.62
58.34
58.04
—
USD/CRC
445.92
+0.89%
-9.71%
441.97
448.50
445.92
—
03 What moved it: base metals and positioning
The broad rally in metals-linked shares lifted the producers; the copper fund CPER rose 2.15%.
Nexa has fallen and risen sharply in recent weeks, which makes large daily moves normal for the shares. Its 5.52% jump followed a 0.71% fall on Thursday.
We have no confirmed explanation beyond the metals backdrop.
04 The Latin American read
Peru is among the world’s largest zinc producers, with Brazil adding output through Nexa’s mines. Zinc revenue supports mining taxes and royalties in both countries.
Buenaventura’s earnings depend more on gold and silver than on zinc, so its shares reflected the precious-metals rally as well.
05 The names to watch
Nexa is the cleanest listed Latin American zinc exposure. It trades in New York, which makes it accessible to US investors.
Buenaventura is a broader play, and its 3.28% gain tracked the gold and silver rise.
06 The outlook
Zinc demand depends on steel and construction, which are weak in China. A sustained rally needs a recovery there.
Supply is the second variable, but we have no verified output figures for this note.
07 What to watch
- Chinese construction data: Stronger property or infrastructure numbers would lift zinc.
- LME inventories: Falling stocks would tighten the market.
- Nexa company news: A statement could explain the weekly gain.
- Gold and silver: Buenaventura follows precious metals.
Background: Nexa Slips 0.7% as Buenaventura Gains 1% | Zinc, Oct 8.
Frequently Asked Questions
Why did Nexa rise on 9 October 2026?
Base metals rallied and Nexa gained 5.52% to US$13.20. We found no company announcement that explains the size of the move.
What is zinc used for?
Most zinc is used to galvanise steel against rust, so demand follows construction and manufacturing.
Which Latin American countries produce zinc?
Peru is one of the world’s largest zinc producers, and Brazil and Mexico also mine it.
Why is there no zinc price in this report?
Price quotes for London zinc differed between data providers on Friday, so we do not print a single level that we cannot verify.
Market data: RT; prediction markets: none found for zinc
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief
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