Southern Copper (SCCO) investor relations material

Corporate structure and strengths

• Holds the highest copper reserves among listed companies, with 51.1 million metric tons as of 2024.

• Integrated, low-cost operations and a strong pipeline of organic growth projects.

• Diversified geographical presence with major operations in Mexico and Peru.

• Maintains investment grade status and a strong dividend history.

• Experienced management team and focus on cost efficiency.

Market fundamentals and outlook

• Global copper demand is driven by energy transition, resilient economies, and new technologies.

• Market deficit of 400,000 tons expected in 2026, with supply growth mainly from expansions.

• China accounts for 57% of 2024 copper consumption; construction and electrical networks are key end-uses.

• Copper demand projected to grow at a 2.7% CAGR through 2050, with persistent production deficits.

• Average copper price forecasted to rise, reaching $5.00/lb in 2026.

ESG and community engagement

• Recognized for ESG leadership, including awards for safe operations and sustainable practices.

• Invested $28 million in community projects benefiting over 5,000 people in 2025.

• Health campaigns provided medical care to thousands near mining sites.

• Buenavista del Cobre mine accredited for tailings management standards.