Nexa's Q3 sales down amid lower zinc prices but maintains forecasts

Brazilian multi-metals producer Nexa Resources has maintained its production and sales estimates for the full year of 2018, although metal prices are down, chief executive officer Tito Martins said on Thursday November 1.

Prices and premiums for zinc will probably continue to resist the weakness seen in other metal prices, Martins said in a conference call on the company’s third-quarter results. He believed that zinc still has a better pricing environment than other metallic products. Net sales went down in July-September because of lower prices on the London Metal Exchange, with Nexa’s smelter sales only partially offsetting the cheaper prices in the international market. Revenues for the third quarter were $595.1 million, down by 5%...

Published

Renato Rostás

November 01, 2018

19:28 GMT

São Paulo