Southern Copper (SCCO) investor relations material

Corporate structure and market fundamentals

• Majority-owned by Grupo México, with 88.9% listed on NYSE and 11.1% public float as of March 2026.

• Generates 63% of EBITDA from Minera México and 37% from Southern Perú.

• Copper market faces a projected deficit of 350K tons in 2026, with inventories at 15 days of consumption.

• Long-term copper demand driven by China, US resilience, energy transition, and AI technologies.

• Supply growth constrained by challenges in developing new deposits; expansions mainly from existing operations.

Energy transition and copper demand outlook

• Copper is critical for the energy transition, with high intensity in renewables like wind and solar.

• Global copper demand expected to grow at a 2.7% CAGR through 2040, with deficits projected from 2024 to 2026.

• Net zero scenarios forecast significant increases in copper consumption by 2050.

Key strengths and ESG performance

• Holds the highest copper reserves among listed companies and maintains low-cost, integrated operations.

• Recognized for strong ESG commitment, ranking 4th in S&P Global Sustainability Yearbook and 7th by Morningstar Sustainalytics.

• Community programs benefit over 9,000 people annually; awarded for water management and biodiversity efforts.