en.Wedoany.com Reported - According to reports from the São Paulo newspaper, Brazil's Votorantim Group is close to finalizing the sale of its controlling stake in zinc producer Nexa Resources, in a deal valued at approximately 70 billion Brazilian reais ($1.41 billion). The group is in direct negotiations with a European company interested in acquiring its 64.7% stake in Nexa, although the buyer's identity has not been disclosed. Nexa Resources is a major zinc producer, operating mining and metallurgical businesses in Brazil and Peru, supplying base metals for infrastructure and industrial applications.

Despite strong market interest in the deal, sources told Reuters that an agreement is not imminent, with negotiations at an advanced stage but with no immediate conclusion. This aligns with Votorantim Group's broader portfolio restructuring strategy, as the company has recently been evaluating options to optimize its metals and mining assets.

In January of this year, Votorantim Group sold its controlling stake in aluminum producer CBA (Companhia Brasileira de Alumínio) to a consortium formed by Aluminum Corporation of China (Chalco) and Rio Tinto, in a transaction worth nearly 47 billion reais, further illustrating its strategic shift. Zinc, a critical metal, is primarily used for galvanizing steel to prevent corrosion, and its demand is closely tied to the development of infrastructure, construction, and manufacturing. A potential change in the ownership of Nexa Resources could impact the strategic landscape of the international base metals market, particularly in the context of the energy transition and infrastructure modernization.

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