Boliden in talks to buy Votorantim’s controlling stake in Nexa

Staff Writer | July 2, 2026 | 2:50 pm Markets Top Companies Europe Latin America Lead Zinc

Nexa Resources resumes operations at Cerro Lindo zinc mine in Peru

Cerro Lindo, in Peru, is one of Nexa’s most important mines. (Image courtesy of Nexa Resources | Flickr.)

Boliden (STO: BOL) is discussions to acquire a majority stake in zinc miner Nexa Resources (NYSE: NEXA) from Brazilian investment group Votorantim.

In their statements issued late on Thursday, both Boliden and Nexa confirmed that these talks are taking place, following earlier speculation. The companies did not provide further details, and cautioned that there is no certainty that a deal would materialize from these talks.

Shares of Nexa jumped 2.8% during after-hours trading, giving it a market capitalization of about $1.8 billion.

The announcements follows reports earlier this year that Votorantim is close to selling its controlling stake in Nexa. In April, the group told local newspaper Estadao that a deal to sell its 64.7% interest would come in the region of 7 billion reais ($1.4 billion). Before that, it had already sold aluminum producer CBA to Chinalco and Rio Tinto for about 4.7 billion reais.

A deal with Votorantim would further enhance and broaden Boliden’s base metals exposure. Nexa is one of the world’s leading zinc producers, operating five polymetallic mines and three smelters across Brazil and Peru.