Key Facts
Nexa Resources fell 2.36% to US$12.85 on Friday, reflecting weaker expectations for galvanised-steel demand from Brazilian construction.
Buenaventura tumbled 4.96% to US$30.28 as its Peruvian mining exposure dragged the shares lower alongside base-metal proxies.
Galvanised-steel demand is zinc’s main driver and accounts for over half of global consumption through construction and infrastructure projects.
Peru, Bolivia and Mexico are major zinc-ore producers feeding global smelters that supply the galvanising lines of steelmakers worldwide.
