Zinc Miner Nexa Gains 1.5% as Buenaventura Falls 3.6% | Zinc, Oct 29
Key Facts
- Nexa Resources, a Peru and Brazil zinc miner, rose about 1.5% to US$12.00 on Thursday, October 29, in New York.
- Teck Resources, a Canadian miner with a large zinc business, gained 1.08% to US$63.72 while Peru’s Buenaventura lost 3.57% to US$27.59.
- Hudbay Minerals, a Canadian copper and zinc miner with Peruvian mines, fell 1.02% to US$23.36.
- Zinc is used to galvanise steel against rust, so US readers watch it as a gauge of construction and car demand.
Today’s Focus
Zinc miners split on Thursday. Nexa Resources rose about 1.5% to US$12.00 and Teck 1.08% to US$63.72, but Buenaventura, a Peruvian gold, silver and base-metals miner, fell 3.57%.
We did not have a verified zinc price for Thursday, so the shares are the guide.
Wall Street was weak, with the S&P 500 down 0.30%.
What matters today. Peru is one of the world’s largest zinc producers, so the shares of miners with Peruvian mines are a quick read on the metal and on Peru’s mining economy.
01 The session in one read
Nexa closed at US$12.00, up about 1.5% from US$11.82, and Teck at US$63.72, up 1.08%.
Buenaventura fell 3.57% to US$27.59, and Hudbay 1.02% to US$23.36.
The mixed result shows no single zinc signal for the day.
Two miners rose and two fell, so the shares do not point one way. Nexa and Teck gained while Buenaventura and Hudbay lost, and company news can explain each move.
We could not confirm a zinc price or a trigger. The variable to watch is the metal’s own price, which we could not verify for Thursday.
02 The board
Nexa is a zinc and copper miner with operations in Peru and Brazil. Teck is a Canadian miner whose zinc output includes the Red Dog mine in Alaska, and it also mines copper in Chile and Canada.
Hudbay operates mines in Peru and Canada. Buenaventura is a Peruvian precious-metals miner.
| Asset | Level | Change |
|---|---|---|
| Nexa Resources | US$12.00 | +1.52% |
| Teck Resources | US$63.72 | +1.08% |
| Buenaventura | US$27.59 | −3.57% |
| Hudbay Minerals | US$23.36 | −1.02% |
Source: RT close, 2026-10-29. Where a commodity has no spot feed, an exchange-traded tracker or leading producer is shown as a labelled proxy.
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| USD/GTQ | 7.64 | +3.23% | +2.18% | 7.40 | 7.64 | 7.64 | — |
03 What moved it
We could not identify a news item behind the moves. Gold and silver fell sharply on Thursday, which helps explain Buenaventura’s drop, since it earns much of its income from those metals.
The Bureau of Economic Analysis (BEA), the US statistics agency, said US growth was 3.4% at an annual rate in the third quarter, above the 3.2% forecast in the RT economic calendar.
04 The Latin American read
Peru is a leading zinc producer, and its mining shares can move with global metals. Brazil’s stock index fell 1.06% on Thursday while Nexa, which operates in both countries, rose.
Chile’s IPSA fell 1.25% on a weak day for copper and lithium.
05 The names to watch
Nexa is the most direct Latin American zinc play listed in the US. Teck is a diversified alternative.
Buenaventura’s result reflects precious metals more than zinc.
06 The outlook
Zinc shares will follow the global metals complex and the Chinese demand outlook.
A stable dollar and steady US growth would be supportive, while a weak Wall Street can pull miners down.
07 What to watch
- Zinc price: We could not verify a price for Thursday, so a clear move would change the read.
- Peru’s mining output: Disruptions or protests can move local miners.
- Gold and silver: Buenaventura follows precious metals.
- US growth: Strong US demand supports galvanised steel and zinc.
Frequently Asked Questions
Why did Nexa rise on Thursday?
Nexa gained about 1.5% to US$12.00. We could not confirm a company-specific cause.
What is zinc used for?
Mostly to galvanise steel, which protects it from rust.
Which countries matter for zinc?
Peru is a leading producer, and Brazil also has zinc mines.
Why did Buenaventura fall?
It lost 3.57% on a day when gold and silver prices fell sharply.
Market data: RT
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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