Southern Copper Corporation
0L8B.L
London Stock Exchange197.14
USD
-3.83
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Southern Copper Corporation
0L8B.L
(London Stock Exchange)
Recent
price
197.14
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Southern Copper Corporation (NYSE: SCCO; LSE: 0L8B) is a leading integrated producer of copper and other metals, focusing on the exploration, development, production, and sale of copper, molybdenum, zinc, silver, gold, and sulfuric acid. The company operates major open-pit copper mines, including the Toquepala and Cuajone mines in southern Peru and the Buenavista mine (formerly Cananea) in northern Mexico; it also maintains the La Caridad mine and polymetallic operations in Mexico, with processing facilities for concentrates, leaching, electrowinning, smelting, and refining. Products are marketed internationally to wire and cable manufacturers, electronics firms, and industrial users, with operations spanning Peru and Mexico where it employs advanced technologies for efficient resource extraction and sustainable practices. Founded in 1952 and headquartered in Phoenix, Arizona, USA, with key offices in Lima, Peru, Southern Copper Corporation functions as a subsidiary of Grupo México S.A.B. de C.V., enabling synergies in logistics and supply chain management across Latin America. The company serves diverse segments in the mining industry, targeting global markets in North America, Europe, and Asia for its high-quality copper cathodes, rods, and by-products. Its target customers include major manufacturers in construction, automotive, renewable energy, and telecommunications sectors. In recent developments, Southern Copper Corporation reported record copper production levels in 2024 and announced expansions at the Buenavista mine, including a new SX/EW plant increasing capacity by 30%; it also secured environmental approvals for the Tía María project in Peru in late 2024, marking a major strategic advancement after years of delays. The company completed a $1.2 billion capital investment program in 2024 focused on debottlenecking and growth projects, alongside forming strategic alliances for sustainable mining technologies with international partners. Additionally, in 2025, it initiated pilot programs for copper recycling and green hydrogen integration at Peruvian operations to align with global decarbonization trends.