Nexa Resources' Zinc Smelter in Peru Suspended Due to Accident]

Published: May 14, 2026 09:23

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On May 13, 2026, Nexa Resources announced that an accident occurred in the morning at the Cajamarquilla zinc smelter in Peru, triggering a fire. The fire has been brought under control, and operations have been suspended. It was reported that no fatalities resulted from the incident. Some infrastructure at the smelter sustained damage. Based on currently available information, the company expects the incident will not have a significant impact. Last night, LME zinc prices surged to $3,582.5/mt at one point, hitting a new high since August 2022. According to SMM, Cajamarquilla is the largest zinc smelter in Latin America, with refined zinc production reaching 345,300 mt in 2025, the highest output since commissioning. The actual impact going forward still requires further monitoring.

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