Boliden confirms talks over potential Nexa Resources stake

Boliden has confirmed talks with Votorantim over a possible purchase of its stake in Nexa Resources, after market reporting said the Swedish miner is exploring a controlling position in the zinc producer.

The latest report came from WSJ Market Talk on Friday, July 3, 2026, which said Boliden was looking at a controlling stake in Nexa. That followed an Omni report on Thursday, July 2, 2026, saying Boliden had confirmed talks with Votorantim about a potential purchase of the Brazilian investor's shareholding.

Boliden has said there is no guarantee that a deal will be completed and that it will provide more information when appropriate.

Deal scope

WSJ said the stake under discussion is Votorantim's 64.68% holding in Nexa Resources. Nexa is a U.S.-listed zinc producer with operations in Brazil and Peru.

The reports suggest a transaction could strengthen Boliden's zinc position and alter its exposure to the metal market. WSJ also said Boliden shares could come under pressure if investors anticipate a deal at a substantial premium.

What happens next

For now, the transaction remains at the talks stage. No price, structure or timing has been disclosed, and it is not clear whether Boliden is discussing Votorantim's full holding or a smaller package.

Further clarity would likely come from an official Boliden disclosure, or from comments by Nexa or Votorantim. Until then, the market is left with a strategic signal, not a signed agreement.