Key Facts
Nexa Resources closed at US$14.45, down 2.76% LatAm’s largest zinc miner retreated sharply as industrial metal buyers pulled back on construction demand fears.
Buenaventura settled at US$34.80, gaining 0.64% The Peruvian precious-and-base-metals miner decoupled from zinc weakness, supported by gold’s sustained hold above US$4,400.
Gold held above US$4,400 as Iran tensions worsened Bullion’s flight-to-safety bid deepened, acting as a mechanical lifeline for polymetallic miners with gold exposure.
Oil prices spiked on Hormuz escalation fears Rising Brent costs threatened global growth assumptions, punishing shares tied to galvanised-steel intensive industries.
