Nexa Gains 0.32% to US$12.52 as Buenaventura Falls 2.3% | Zinc, Oct 16
Key Facts
- Nexa Resources, Brazil’s zinc producer, rose 0.32% to US$12.52 in New York on Friday 16 October, while Peru’s Buenaventura fell 2.34% to US$30.42.
- Teck Resources, a major zinc miner, fell 1.70% to US$64.62, and Hecla Mining fell 1.67% to US$15.30.
- Sources disagreed on the LME zinc price itself, so we show no single settlement price.
- The Nasdaq fell 2.14%, a risk-off backdrop for industrial metals.
Today’s Focus
Zinc-linked shares were mixed on Friday 16 October. Nexa Resources rose 0.32% to US$12.52, while Buenaventura fell 2.34% to US$30.42 and Teck Resources 1.70% to US$64.62.
Sources disagreed on the LME zinc price, with some showing a fall and others a rise. We therefore cannot confirm a settlement.
Wall Street’s technology selloff, with the Nasdaq down 2.14%, weighed on industrial metals. Zinc is used mainly to galvanise steel, so it follows construction and manufacturing demand.
What matters today. Zinc is a small market, but Latin America produces a lot of it, and Peru and Brazil depend on it for exports.
01 The session in one read
Nexa Resources closed at US$12.52 in New York, up 0.32%. Buenaventura closed at US$30.42, down 2.34%.
Teck Resources fell 1.70% to US$64.62, and Hecla Mining fell 1.67% to US$15.30. Wall Street’s technology selloff set a weak tone.
We could not confirm an LME zinc settlement because sources disagreed.
The shares split, with the Brazilian zinc producer higher and the Peruvian miner lower, so the signal is weak. The metal’s own move is unconfirmed.
We treat all price levels as proxies.
02 The board
| Instrument | Level | Change |
|---|---|---|
| Nexa Resources (US$) | 12.52 | +0.32% |
| Buenaventura ADR (US$) | 30.42 | -2.34% |
| Teck Resources (US$) | 64.62 | -1.70% |
| Hecla Mining (US$) | 15.30 | -1.67% |
The table shows New York share prices in US dollars. We use shares as proxies because zinc quotes differed.
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Latin America — Cross-Market Board
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 205,430.33 | +0.54% | +21.85% | 204,324.26 | 168,310 | 167,142 | — |
| IPSA | 10,969.16 | -0.02% | — | 10,971.88 | 11,210 | 10,984 | 1,513,213,483 |
| IPC MEX | 68,420.16 | +1.12% | +12.17% | 67,663.29 | 66,121 | 65,405 | 108,886,187 |
| MERVAL | 2,848,945 | -0.35% | +30.51% | 3,022,485 | 3,042,365 | 2,991,150 | — |
| COLCAP | 2,566.28 | -0.55% | — | 9.04 | 9.05 | 9.02 | 4,133 |
| BVL PERÚ | 60,210.69 | -0.91% | — | — | — | — | — |
| 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
TheStreet reported that worries about spending on artificial intelligence pushed the Nasdaq down 2.14%. Risk-off trading hurt industrial-metal miners.
We found no zinc-specific news for Friday. Without it, we do not claim a cause for the share moves.
04 The Latin American read
Peru is one of the world’s largest zinc producers, and Buenaventura is among its main listed miners. Brazil’s Nexa operates zinc mines and smelters in Peru and Brazil.
Buenaventura’s 2.34% fall came on a day when most gold miners rose. The sources did not confirm a reason, and we do not offer one.
05 The names to watch
Nexa is the closest listed play on zinc in Latin America. Teck is a large producer with zinc and copper assets.
Hecla is better known for silver and gold. Its 1.67% fall fits a weak day for miners.
06 The outlook
A confirmed zinc settlement would clarify the picture. Until then the shares follow Wall Street.
Industrial demand data from China and the US will drive the metal. A weaker US dollar would help prices.
07 What to watch
- Zinc price: A confirmed LME close would show whether the metal fell.
- Wall Street: The Nasdaq’s direction sets the tone for miners.
- Peru: Watch Buenaventura after its 2.34% fall.
- China: Factory data would show demand for galvanised steel.
Background: Nexa Falls 1.34% to US$12.48 as Buenaventura Rises 2.1%.
Background: Copper Fund Edges Up 0.13% as Freeport Slips 0.7%.
More: Latin America news in English, every day from The Rio Times.
Frequently Asked Questions
How did zinc shares do on 16 October?
Nexa rose 0.32% to US$12.52, Buenaventura fell 2.34% to US$30.42 and Teck fell 1.70% to US$64.62. These are RT closing prices.
What was the zinc price?
Sources disagreed on Friday’s LME zinc move, so we cannot confirm a settlement. We show no price.
Why does zinc matter for Latin America?
Peru is among the world’s largest zinc producers and Nexa runs mines in Peru and Brazil. Zinc is used mainly to galvanise steel.
Why did miners fall?
Wall Street’s technology selloff, with the Nasdaq down 2.14%, hurt risk appetite, according to TheStreet. We found no zinc-specific news.
Market data: RT; zinc quotes: LME data as reported by market sites; drivers: TheStreet.
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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