By The Rio Times | Created at 2026-10-06 02:11:45 | Updated at 2026-10-06 04:08:52
3 hours ago
Key Facts
- Nexa Resources gained 1.88% to US$12.47 in New York, the stronger of two Latin American zinc proxies (RT).
- Buenaventura gained 0.64% to US$31.59, a diversified Peruvian miner (RT).
- Peru’s zinc concentrate output fell 12% in January to July, to 746,000 tonnes, according to Shanghai Metals Market, citing Peru’s mining ministry.
- We carry no verified zinc price for Monday. The table shows labelled equity proxies.
- Mainland China was closed for the National Day holiday. Trading resumes on 8 October.
Today’s Focus
Latin American zinc producers rose on Monday. Nexa Resources gained 1.88% in New York, and Buenaventura gained 0.64%.
Peru is one of the world’s main zinc producers, and its concentrate output has fallen this year.
What matters today. Supply losses in Peru support the sector, but China, the main buyer, was closed.
01 The session in one read
Nexa Resources rose 1.88% to US$12.47 and Buenaventura rose 0.64% to US$31.59.
Peru’s zinc concentrate output fell 12% year on year in the first seven months of 2026, to 746,000 tonnes. We could not verify a Monday zinc price, so we do not quote one.
Assessment — Supply losses support miners MEDIUM
The equity gains fit the story of lower Peruvian output. They do not prove that the zinc price moved.
Chinese buyers return after the holiday, which will give a better read.
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02 The board
The table shows two listed zinc producers as proxies. Zinc is used mainly to galvanise steel.
| Nexa Resources | US$12.47 | +1.88% |
| Buenaventura | US$31.59 | +0.64% |
Source: RT close, 2026-10-05. Where a commodity has no spot feed, an exchange-traded tracker or leading producer is shown as a labelled proxy.
Live Market IntelligenceThe live market boardInside: market breadth, the sector heatmap, currencies & rates, the Latin America scoreboard and the full instrument board.Rio Times · Live Market Intelligence
Latin America — Cross-Market Board
Regional
Oct 5, 2026 · 23:07
Ibovespa · benchmark
206,911.89 +7.70%
L 167,142day rangeH 168,310
+21.85% over 12 months
Market breadth · 5 names
80% advancing
4 ▲ advancing1 declining ▼
Currencies, rates & key inputs
Latin America scoreboard
IndexLastTodayStrength
IbovespaBrazil 206,911.89 +7.70%
S&P/BMV IPCMexico 64,327.79 -0.32%
S&P IPSAChile 11,124.65 +1.91%
S&P MERVALArgentina 2,869,488 +3.68%
MSCI COLCAPColombia 2,582.65 +2.69%
BVL S&P PerúPeru 59,860.04 +0.60%
Full instrument board
| IBOV | 206,911.89 | +7.70% | +21.85% | 192,114.55 | 168,310 | 167,142 | — |
| IPSA | 11,124.65 | +1.91% | — | 10,916.57 | 11,210 | 10,984 | 1,513,213,483 |
| IPC MEX | 64,327.79 | -0.32% | +12.17% | 64,531.68 | 66,121 | 65,405 | 108,886,187 |
| MERVAL | 2,869,488 | +3.68% | +30.51% | 3,022,485 | 3,042,365 | 2,991,150 | — |
| COLCAP | 2,582.65 | +2.69% | — | 9.04 | 9.05 | 9.02 | 4,133 |
| BVL PERÚ | 59,860.04 | +0.60% | — | — | — | — | — |
| 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 | — |
Largest moves today
IBOV 206,911.89 +7.70%
MERVAL 2,869,488 +3.68%
COLCAP 2,582.65 +2.69%
IPSA 11,124.65 +1.91%
USD/PYG 5,939 +1.68%
USD/DOP 58.34 +1.25%
USD/UYU 40.27 +1.24%
EUR/BRL 5.95 +1.01%
The session read
The Ibovespa rose 7.70%, with breadth positive — 4 of 5 names higher. MERVAL led, while IPC MEX lagged.
03 What moved it
Lower Peruvian output was the main supply story. Peru’s zinc concentrate production fell 12% year on year in January to July.
Zinc demand depends on construction and steel, and China was closed for its holiday on Monday.
04 The Latin American read
Peru, Mexico and Bolivia export zinc. Nexa operates in Peru and Brazil, and Buenaventura has polymetallic mines in Peru.
05 The names to watch
Nexa is the closest listed zinc proxy. Buenaventura is more diversified across gold, silver and base metals.
06 The outlook
The next read on demand comes when Chinese markets reopen on 8 October.
07 What to watch
- China’s reopening, 8 October: The first Chinese zinc price after the holiday.
- Peruvian output data: Whether the fall in concentrate production continues.
- Nexa and Buenaventura: Whether Monday’s gains hold.
Why did zinc miners rise on Monday?
Nexa and Buenaventura gained as Peru’s zinc output kept falling, which supports prices.
How much has Peru’s zinc output fallen?
Concentrate output fell 12% year on year in January to July 2026, to 746,000 tonnes.
What is zinc used for?
Mostly to galvanise steel, which protects it from rust.
Do you have a zinc price for Monday?
No. We could not verify one, so the board uses equity proxies.
Market data: RT. Sources: Shanghai Metals Market, citing Peru’s mining ministry.
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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