Latin American zinc proxies diverged on Monday: Nexa Resources closed flat at US$12.85 while Buenaventura rose 0.63% to US$30.47, as soft construction demand met tight mine supply.

Zinc-linked equities fell sharply. Buenaventura dropped 4.96% and Nexa Resources lost 2.36% as investors priced in Andean regulatory risk and softer galvanised-

Zinc proxies fell on Friday: Nexa Resources dropped 2.36% to US$12.85 and Buenaventura sank 4.96% to US$30.28 on construction-demand worries.

Latin American zinc proxies diverged on Monday: Nexa Resources closed flat at US$12.85 while Buenaventura rose 0.63% to US$30.47, as soft construction demand met tight mine supply.

Shares in zinc producers Nexa Resources and Buenaventura jumped on Tuesday as galvanizing demand and Andean supply risks lifted the metal’s proxy stocks. Here