Nexa Falls 3.5% to US$12.65 as Buenaventura Drops 3.1% | Zinc, Oct 14
Key Facts
- Nexa Resources fell 3.51% to US$12.65 on Wednesday 14 October, and Peru’s Buenaventura fell 3.11% to US$30.52.
- The DBB base-metals fund fell 1.16% to US$24.75, as US inflation of 3.7% beat the 3.6% forecast and lifted the dollar.
- Boliden agreed in late August to buy Votorantim’s 64.68% of Nexa in a US$1.31 billion share deal, a transaction that is still awaiting shareholder and regulatory approvals.
- We could not confirm the zinc futures price for the day, so this report uses dollar-listed miners as proxies.
Today’s Focus
Zinc miners fell on Wednesday 14 October as the dollar rose and base metals weakened. Nexa Resources, with mines in Peru and Brazil, lost 3.51% in New York.
Peru’s Buenaventura fell 3.11%, and the DBB base-metals fund 1.16%.
We found no company news on the day that explains the size of Nexa’s fall.
What matters today. Zinc is a smaller market than copper, so a single stock like Nexa can move the headline, which matters to US investors who hold Peru through funds.
01 The session in one read
Nexa fell 3.51% and Buenaventura 3.11%. The DBB base-metals fund lost 1.16% and the S&P 500 1.11%.
The zinc futures price was not available to us from a reliable source.
The fall matched other miners, and we found no Nexa-specific news. The confidence is low because we have no zinc price.
The variable to watch is any news on the Boliden deal approvals.
02 The board
| Asset | Level | Change |
|---|---|---|
| Nexa Resources (NYSE) | US$12.65 | -3.51% |
| Buenaventura (NYSE) | US$30.52 | -3.11% |
| Base metals (DBB fund) | US$24.75 | -1.16% |
| Dollar index (DXY) | 102.5 | +0.34% |
The board shows miners and a base-metals fund, since we have no zinc spot feed. Miners respond to the stock market as well as the metal.
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Latin America — Cross-Market Board
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 206,505.98 | -0.18% | +21.85% | 206,887.52 | 168,310 | 167,142 | — |
| IPSA | 10,966.21 | -0.49% | — | 11,020.01 | 11,210 | 10,984 | 1,513,213,483 |
| IPC MEX | 66,659.01 | -0.46% | +12.17% | 66,965.15 | 66,121 | 65,405 | 108,886,187 |
| MERVAL | 2,835,843 | -1.16% | +30.51% | 3,022,485 | 3,042,365 | 2,991,150 | — |
| COLCAP | 2,582.29 | +0.46% | — | 9.04 | 9.05 | 9.02 | 4,133 |
| BVL PERÚ | 60,511.74 | -1.60% | — | — | — | — | — |
| 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
The US consumer price index rose 0.6% in September and 3.7% over twelve months, above the 3.6% forecast, the Bureau of Labor Statistics said. The dollar index rose 0.34% to about 102.5.
Boliden agreed in late August to take Votorantim’s 64.68% stake in Nexa through a share exchange worth about US$1.31 billion, the Swedish miner said. Closing is subject to shareholder and regulatory approvals.
China’s producer prices rose 5.0% in September from a year earlier, above the 4.5% forecast, and its balance of trade showed a surplus of US$133.53 billion (905.97 billion yuan), against a forecast of US$118.1 billion, official data showed.
Customs data showed exports up 36.3% and imports up 31.0% from a year earlier, against forecasts of 25.5% and 24.5%. Consumer prices rose 0.9%, just under the 1.0% forecast.
Banks made 1,080 billion yuan of new loans (about US$159 billion), above the 975 billion forecast, and total social financing reached 3,550 billion yuan (about US$523 billion). Money supply grew 7.2%, below the 7.4% forecast, and outstanding loans grew 4.8%, as forecast, using about 6.79 yuan per dollar, the rate implied by the trade data.
04 The Latin American read
Peru is among the world’s largest zinc producers, and Brazil is a growing source through Nexa’s smelters. Peru’s Buenaventura is a gold, silver and base-metals miner.
Brazil’s Ibovespa fell 0.18%.
05 The names to watch
Nexa has mines in Peru and smelters in Brazil and Peru. Buenaventura also mines zinc as a by-product.
Both react to metals prices and to the dollar.
06 The outlook
The deal with Boliden is the main company story for Nexa into 2027. Day to day, the stock follows the dollar and base metals.
What it means for you: Nexa’s shares move with the deal and the dollar more than with zinc alone, so check which one is driving a given day.
07 What to watch
- Boliden deal: Shareholder and regulatory approvals are the next steps.
- Base metals: The DBB fund shows the group mood.
- Peru: Peru’s August trade data due on Thursday 15 October at 03:00 UTC, with a forecast surplus of US$3.2 billion, will show export strength.
- US data: US retail sales on Thursday 15 October at 12:30 UTC.
Background: Nexa Gains 1.79% to US$13.11 as Buenaventura Falls 2.48%.
Background: Brazil Stocks Drop 1.04% as Poll Shows a Tie.
More: Latin America news in English, every day from The Rio Times.
Frequently Asked Questions
Why did Nexa fall on 14 October?
Nexa fell 3.51% to US$12.65 in a day when the dollar rose and base metals weakened. We found no company-specific news.
What is the Boliden deal?
Boliden agreed in late August to buy Votorantim’s 64.68% stake in Nexa for about US$1.31 billion in shares, subject to approvals.
What is the zinc price?
We could not confirm the zinc futures price on 14 October from a reliable source.
Which Latin American countries produce zinc?
Peru is among the world’s largest producers, and Brazil and Mexico also mine and smelt zinc.
Market data: RT; US inflation: US Bureau of Labor Statistics; China data: National Bureau of Statistics and customs; Boliden-Nexa deal: Boliden announcement of late August 2026
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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