Matheus Moreira's questions to Nexa Resources SA (NEXA) leadership • Q3 2024
Question
Matheus Moreira from Bradesco BBI asked for the company's outlook on zinc supply-demand dynamics, given recent price strength and supply tightness.
Answer
CFO Jose Carlos del Valle Castro explained that the zinc market is a supply-driven story with a very tight concentrate market. He noted that 2024 concentrate production is expected to be lower than 2023, which should continue to provide strong support for prices and make a return to the low levels seen in 2023 unlikely.