EL7.AI
Stocks•9 July 2026•
1 min read

Nexa Resources Maintains 2026 Zinc Guidance Despite Cajamarquilla Refinery Fire

Key Facts

1Nexa Resources expects to keep its 2026 zinc guidance intact despite the operational impacts of the Cajamarquilla refinery fire.
2The company plans to recover the lost refined zinc output during the second half of 2026.

Amidst operational challenges in the global mining sector, Nexa Resources has confirmed it will maintain its full-year 2026 zinc production guidance. This announcement follows a fire at the Cajamarquilla refinery that caused a temporary halt in operations; however, the company expects to recover the lost refined zinc output during the second half of 2026, according to reports.

The Cajamarquilla refinery in Peru is among the world's largest zinc processing facilities, with an annual capacity of approximately 320,000 tonnes of refined zinc per historical company data. Analysts are monitoring Nexa's ability to manage this disruption as global base metal markets face supply volatility, particularly following a 0.2% contraction in Brazil's industrial production in May per market data.

Looking ahead, investors are focused on the company's operational execution to meet its recovery schedule in H2 2026. ISM Services PMI which recently printed at 54, as a proxy for future industrial metal demand.