Declan Hanlon's questions to Nexa Resources SA (NEXA) leadership • Q1 2025
Question
Declan Hanlon submitted a written question asking about the company's management of tariff risks and any associated contingency plans should the geopolitical and trade environment deteriorate.
Answer
CEO Ignacio Rosado clarified that Nexa currently has no direct exposure to zinc tariffs, as its contracts are closed and an exception exists for Peruvian zinc imports to the U.S. He stated that tariffs primarily harm U.S. customers, given the market's reliance on imports. The company's contingency plan involves disciplined operational control, focusing on production, costs, and CapEx to stabilize cash flow amid market volatility, while benefiting from higher silver and copper prices.