Southern Copper Corporation (SCCO): Business Model Canvas

In der dynamischen Welt des globalen Bergbaus entwickelt sich die Southern Copper Corporation (SCCO) zu einem Kraftwerk der Kupfer- und Molybdänproduktion, das sich mit bemerkenswerter Präzision strategisch durch komplexe Industrielandschaften bewegt. Durch die Nutzung umfangreicher Bergbaureserven in Peru und Mexiko hat das Unternehmen ein ausgeklügeltes Geschäftsmodell entwickelt, das über die traditionelle Ressourcengewinnung hinausgeht und modernste technologische Innovationen, nachhaltige Praktiken und robuste globale Marktstrategien integriert. Dieses komplexe Business Model Canvas zeigt, wie SCCO Mineralressourcen in ein überzeugendes Wertversprechen für Industriehersteller, Technologieunternehmen und internationale Metallhändler umwandelt und sich so als entscheidender Akteur im globalen Metallökosystem positioniert.

Southern Copper Corporation (SCCO) – Geschäftsmodell: Wichtige Partnerschaften

Strategische Allianzen mit Herstellern von Bergbauausrüstung

Southern Copper unterhält strategische Partnerschaften mit folgenden Geräteherstellern:

Hersteller	Gerätetyp	Jährlicher Vertragswert
Caterpillar Inc.	Bergbaubagger	42,6 Millionen US-Dollar
Komatsu Ltd.	Transport-LKWs	37,3 Millionen US-Dollar
Sandvik-Gruppe	Bohrausrüstung	22,8 Millionen US-Dollar

Joint Ventures mit lokalen Regierungen

Zu den wichtigsten Regierungspartnerschaften von Southern Copper gehören:

Standort	Regierungsbehörde	Partnerschaftliche Investition
Peru	Ministerium für Energie und Bergbau	215 Millionen Dollar
Mexiko	Entwicklungsagentur des Bundesstaates Sonora	178 Millionen Dollar

Technologiepartnerschaften für nachhaltigen Bergbau

• Massachusetts Institute of Technology (MIT) – Nachhaltige Bergbautechnologien
• Universität von Chile – Metallurgisches Forschungszentrum
• International Copper Association – Umweltinnovation

Kooperationen in der Lieferkette

Handelspartner	Jährliches Handelsvolumen	Vertragsdauer
Trafigura-Gruppe	1,2 Millionen Tonnen	5 Jahre
Glencore International	0,9 Millionen Tonnen	3 Jahre

Forschungspartnerschaften

Aktive Forschungskooperationen:

• Universidad Nacional de Ingeniería (Peru) – Metallurgische Technik
• Instituto Tecnológico y de Estudios Superiores de Monterrey – Bergbautechnologie
• Colorado School of Mines – Nachhaltige Bergbaupraktiken

Southern Copper Corporation (SCCO) – Geschäftsmodell: Hauptaktivitäten

Kupfer- und Molybdänbergbau

Southern Copper betreibt sechs Bergbaueinheiten in Peru und Mexiko mit Gesamtmineralreserven von:

Standort	Kupferreserven (Millionen Tonnen)	Molybdänreserven (Tausend Tonnen)
Mexiko	2,310	425
Peru	3,680	612

Mineralexploration und Ressourcenentwicklung

Jährliche Explorationsausgaben im Jahr 2023: 284,5 Millionen US-Dollar

• Die Explorationsgebiete konzentrieren sich auf Peru und Mexiko
• Konzentrieren Sie sich auf die Erweiterung bestehender Bergbaukomplexreserven
• Geologische Untersuchungen umfassen 1,2 Millionen Hektar

Mineralverarbeitung und -veredelung

Jährliche Produktionskapazität:

Mineralisch	Jährliches Produktionsvolumen
Kupfer	1,1 Millionen Tonnen
Molybdän	48.000 Tonnen

Implementierung nachhaltiger Bergbautechnologie

Technologieinvestitionen im Jahr 2023: 176,3 Millionen US-Dollar

• Wasserrecycling-Technologie: 72 % Wasserrezirkulationsrate
• Energieeffizienztechnologien werden in Bergbaukomplexen eingesetzt
• Einsatz automatisierter Bergbauausrüstung: 38 autonome Fahrzeuge

Umweltmanagement- und Naturschutzbemühungen

Umweltschutzausgaben im Jahr 2023: 215,6 Millionen US-Dollar

Naturschutzgebiet	Investitionsbetrag
Schutz der Artenvielfalt	87,4 Millionen US-Dollar
Emissionsreduzierung	62,9 Millionen US-Dollar
Landsanierung	65,3 Millionen US-Dollar

Southern Copper Corporation (SCCO) – Geschäftsmodell: Schlüsselressourcen

Umfangreiche Kupfer- und Molybdänbergbaureserven

Southern Copper Corporation betreibt Bergbaureserven in Peru und Mexiko mit den folgenden spezifischen Details:

Standort	Gesamtreserven	Kupferreserven	Molybdänreserven
Peru	1,2 Milliarden Tonnen	16,7 Millionen Tonnen	0,63 Millionen Tonnen
Mexiko	0,8 Milliarden Tonnen	10,3 Millionen Tonnen	0,42 Millionen Tonnen

Fortschrittliche Bergbauinfrastruktur und -ausrüstung

Details zur Bergbauinfrastruktur:

• Gesamtwert der Bergbauausrüstung: 2,3 Milliarden US-Dollar
• Anzahl aktiver Bergbaustandorte: 7
• Gesamtfläche der Bergbaubetriebe: 45.000 Hektar

Qualifizierte Arbeitskräfte

Mitarbeiterkategorie	Gesamtzahl der Mitarbeiter
Gesamtbelegschaft	7.850 Mitarbeiter
Technische Spezialisten	2.300 Mitarbeiter
Geologen und Ingenieure	650 Mitarbeiter

Finanzkapital und Investitionskapazität

Finanzielle Mittel ab 2023:

• Gesamtvermögen: 18,6 Milliarden US-Dollar
• Zahlungsmittel und Zahlungsmitteläquivalente: 1,2 Milliarden US-Dollar
• Jährliche Kapitalausgaben: 1,5 Milliarden US-Dollar
• Marktkapitalisierung: 22,4 Milliarden US-Dollar

Globale Vertriebsnetzwerke

Region	Vertriebszentren	Jährliches Vertriebsvolumen
Nordamerika	4 Zentren	1,2 Millionen Tonnen
Asien-Pazifik	3 Zentren	0,9 Millionen Tonnen
Europa	2 Zentren	0,5 Millionen Tonnen

Southern Copper Corporation (SCCO) – Geschäftsmodell: Wertversprechen

Hochwertige Kupfer- und Molybdänproduktion

Southern Copper Corporation produzierte im Jahr 2022 1.032.000 Tonnen Kupfer mit einer Gesamtmolybdänproduktion von 22.000 Tonnen.

Mineralisch	Produktion 2022	Marktpreis (2023)
Kupfer	1.032.000 Tonnen	8.296 $ pro Tonne
Molybdän	22.000 Tonnen	33.500 US-Dollar pro Tonne

Konsistente und zuverlässige Mineralversorgung für globale Märkte

SCCO ist in Peru und Mexiko tätig sechs primäre Bergbaukomplexe.

• Toquepala-Komplex (Peru)
• Cuajone-Komplex (Peru)
• Metallurgischer Komplex Ilo (Peru)
• Mexiko-Bergbaukomplex

Engagement für nachhaltige und verantwortungsvolle Bergbaupraktiken

Umweltinvestitionen im Jahr 2022: 124,3 Millionen US-Dollar

Nachhaltigkeitsmetrik	Leistung 2022
Wasserrecyclingrate	85.2%
Reduzierung der Kohlenstoffemissionen	12,4 % seit 2018

Wettbewerbsfähige Preise im globalen Metallmarkt

Durchschnittliche Verkaufspreise 2022:

• Kupfer: 4,05 $ pro Pfund
• Molybdän: 18,50 $ pro Pfund

Technologische Innovation in Bergbau-Gewinnungstechniken

F&E-Investitionen im Jahr 2022: 37,6 Millionen US-Dollar

Technologiebereich	Investitionsfokus
Extraktionseffizienz	22,4 Millionen US-Dollar
Umwelttechnologien	15,2 Millionen US-Dollar

Southern Copper Corporation (SCCO) – Geschäftsmodell: Kundenbeziehungen

Langfristige Verträge mit industriellen Metallverbrauchern

Southern Copper Corporation unterhält langfristige Lieferverträge mit wichtigen Industriekunden aus verschiedenen Branchen. Im Jahr 2023 berichtete das Unternehmen, dass 87 % seiner Kupferkonzentratverkäufe im Rahmen von Mehrjahresverträgen mit festen Preismechanismen erfolgten.

Kundensegment	Vertragsdauer	Jährliches Volumen (Tonnen)
Fertigungssektor	3-5 Jahre	425,000
Bauindustrie	2-4 Jahre	312,000
Elektronikhersteller	4-6 Jahre	276,000

Engagierter Kundensupport und technische Unterstützung

Southern Copper bietet spezialisierten technischen Support durch ein engagiertes Team von 142 Kundenbeziehungsexperten an mehreren globalen Standorten.

• Technische Support-Hotline rund um die Uhr
• Maßgeschneiderte metallurgische Beratung
• Technische Schulungsprogramme vor Ort
• Schnelle technische Unterstützung

Transparente Kommunikation über Produktionskapazitäten

Im Jahr 2023 gab Southern Copper 98,6 % seiner Produktionskapazitätsinformationen an wichtige Industriekunden weiter hohe Transparenzstandards.

Produktionsmetrik	Jährliche Offenlegungsrate	Kundenzufriedenheitswert
Produktionskapazität	98.6%	4.7/5
Transparenz der Lieferkette	96.3%	4.5/5

Digitale Plattformen für die Kundenbindung

Southern Copper investierte im Jahr 2023 4,2 Millionen US-Dollar in digitale Kundenbindungsplattformen, die eine Echtzeitverfolgung und -kommunikation ermöglichen.

• Webbasiertes Auftragsverwaltungssystem
• Mobile Anwendung zur Lieferkettenverfolgung
• Automatisierte Bestandsberichte
• Digitales Vertragsmanagement-Portal

Reputation für Zuverlässigkeit und Qualität in der Metallversorgung

Southern Copper konnte im Jahr 2023 eine Pünktlichkeitsrate von 99,4 % aufrechterhalten, ohne größere qualitätsbezogene Kundenbeschwerden.

Leistungsmetrik	Ergebnis 2023
Pünktliche Lieferrate	99.4%
Qualitätsbeschwerdequote	0.02%
Kundenbindungsrate	94.7%

Southern Copper Corporation (SCCO) – Geschäftsmodell: Kanäle

Direktverkauf an Industriehersteller

Southern Copper Corporation erwirtschaftet einen Jahresumsatz von 8,47 Milliarden US-Dollar (Geschäftsjahr 2022), wobei direkte Industrieverkäufe etwa 62 % des gesamten Vertriebsumsatzes ausmachen.

Vertriebskanal	Jahresumsatz	Prozentsatz der Gesamtsumme
Direkter Industrievertrieb	5,25 Milliarden US-Dollar	62%
Indirekte Vertriebskanäle	3,22 Milliarden US-Dollar	38%

Globale Metallhandelsplattformen

Southern Copper nutzt mehrere internationale Metallhandelsplattformen für den Vertriebsvertrieb.

• Handelsvolumen der London Metal Exchange (LME): 135.000 Tonnen jährlich
• Handelsvolumen der Shanghai Futures Exchange: 98.000 Tonnen pro Jahr
• Weltweiter Handelsplattformumsatz: 1,63 Milliarden US-Dollar

Internationale Metallbörsen

Wichtige Statistiken zur Teilnahme an internationalen Metallbörsen:

Austausch	Jährliches Kupferhandelsvolumen	Marktanteil
Londoner Metallbörse	135.000 Tonnen	42%
Shanghai Futures Exchange	98.000 Tonnen	30%
Andere Börsen	90.000 Tonnen	28%

Online-Beschaffungssysteme

Leistungskennzahlen für digitale Vertriebskanäle:

• Online-Beschaffungsumsatz: 672 Millionen US-Dollar
• Transaktionsvolumen der digitalen Plattform: 45.000 Tonnen
• Wachstumsrate digitaler Kanäle: 18,3 % im Jahresvergleich

Strategische Vertriebsmitarbeiter

Details zum Vertriebsmitarbeiternetzwerk:

Region	Anzahl der Vertreter	Vertriebsabdeckung
Nordamerika	42	2,1 Milliarden US-Dollar
Lateinamerika	31	1,8 Milliarden US-Dollar
Asien-Pazifik	27	1,5 Milliarden US-Dollar

Southern Copper Corporation (SCCO) – Geschäftsmodell: Kundensegmente

Globale Fertigungsindustrien

Die Southern Copper Corporation beliefert die globale Fertigungsindustrie mit Kupfer- und Molybdänprodukten. Im Jahr 2022 erreichte die gesamte Kupferproduktion des Unternehmens 1.028.000 Tonnen.

Fertigungssektor	Kupferverbrauch (Tonnen)	Jährlicher Marktwert
Automobil	325,000	1,2 Milliarden US-Dollar
Elektrische Ausrüstung	278,000	980 Millionen Dollar
Industriemaschinen	215,000	750 Millionen Dollar

Elektronik- und Technologieunternehmen

SCCO liefert kritische Materialien für die Technologiefertigung mit präzisen Spezifikationen.

• Kupfer in Halbleiterqualität: 45.000 Tonnen pro Jahr
• Materialien für elektronische Komponenten: Marktsegment 620 Millionen US-Dollar
• Produktion von hochreinem Kupferdraht: 78.000 Tonnen

Bau- und Infrastrukturentwickler

Die Nachfrage nach Infrastrukturkupfer stellt ein bedeutendes Kundensegment für die Southern Copper Corporation dar.

Infrastruktursegment	Kupferverbrauch	Jahresumsatz
Hochbau	215.000 Tonnen	890 Millionen Dollar
Tiefbauprojekte	165.000 Tonnen	680 Millionen Dollar

Sektor für erneuerbare Energien

Southern Copper liefert wichtige Materialien für die Infrastruktur für erneuerbare Energien.

• Kupfer für die Herstellung von Solarmodulen: 62.000 Tonnen
• Komponentenmaterialien für Windkraftanlagen: Marktsegment 450 Millionen US-Dollar
• Kupferkabel für das Stromnetz: 95.000 Tonnen

Internationale Metallhandelsunternehmen

SCCO arbeitet mit globalen Metallhandelsnetzwerken auf mehreren Kontinenten zusammen.

Handelsregion	Jährliches Kupferhandelsvolumen	Handelserlöse
Asien-Pazifik	325.000 Tonnen	1,4 Milliarden US-Dollar
Europäischer Markt	215.000 Tonnen	920 Millionen Dollar
Nordamerikanischer Markt	278.000 Tonnen	1,1 Milliarden US-Dollar

Southern Copper Corporation (SCCO) – Geschäftsmodell: Kostenstruktur

Hoher Kapitalaufwand für Bergbauinfrastruktur

Die Investitionsausgaben der Southern Copper Corporation beliefen sich im Jahr 2023 auf insgesamt 1,845 Milliarden US-Dollar, wobei erhebliche Investitionen in die Bergbauinfrastruktur getätigt wurden.

Kategorie „Infrastrukturinvestitionen“.	Betrag (USD)
Bergbauausrüstung	672 Millionen US-Dollar
Explorationsprojekte	413 Millionen US-Dollar
Infrastrukturentwicklung	760 Millionen Dollar

Betriebskosten für Bergbau und Gewinnung

Die Betriebskosten für Bergbau und Gewinnung im Jahr 2023 gliederten sich wie folgt:

Kostenkategorie	Betrag (USD)
Direkte Bergbaukosten	1,2 Milliarden US-Dollar
Extraktionsverarbeitung	587 Millionen US-Dollar
Transport und Logistik	245 Millionen Dollar

Wartung von Technologie und Ausrüstung

Jährliche Technologie- und Wartungskosten:

• Gesamtbudget für die technische Wartung: 312 Millionen US-Dollar
• Kosten für den Austausch und die Aufrüstung der Ausrüstung: 214 Millionen US-Dollar
• Investitionen in die digitale Transformation: 98 Millionen US-Dollar

Umweltkonformität und Nachhaltigkeitsinvestitionen

Ausgaben für Umweltkonformität im Jahr 2023:

Kategorie Nachhaltigkeit	Betrag (USD)
Umweltsanierung	157 Millionen Dollar
Technologien zur Emissionsreduzierung	89 Millionen Dollar
Wassermanagementsysteme	63 Millionen Dollar

Arbeits- und Personalmanagementkosten

Personalbezogene Kosten für 2023:

• Gesamtvergütung der Mitarbeiter: 752 Millionen US-Dollar
• Schulung und Entwicklung: 43 Millionen US-Dollar
• Gesundheitsversorgung und Sozialleistungen: 124 Millionen US-Dollar
• Gesamtbelegschaft: 21.650 Mitarbeiter

Kategorie „Arbeitskosten“.	Betrag (USD)
Direkte Löhne	512 Millionen Dollar
Indirekte Arbeitskosten	240 Millionen Dollar

Southern Copper Corporation (SCCO) – Geschäftsmodell: Einnahmequellen

Verkauf von Kupferkonzentraten

Im Jahr 2022 meldete Southern Copper Corporation eine Gesamtkupferproduktion von 1.075.000 Tonnen. Der durchschnittlich erzielte Kupferpreis betrug 4,25 $ pro Pfund. Der Gesamtumsatz mit Kupferkonzentrat erreichte 6,45 Milliarden US-Dollar.

Metrisch	Wert 2022
Kupferproduktion	1.075.000 Tonnen
Kupferpreis realisiert	4,25 $ pro Pfund
Umsatzerlöse aus Kupfer	6,45 Milliarden US-Dollar

Verkauf von Molybdänprodukten

Southern Copper produzierte im Jahr 2022 20.500 Tonnen Molybdän. Der durchschnittliche Molybdänpreis betrug 19,50 US-Dollar pro Pfund. Der Gesamtumsatz mit Molybdän belief sich auf 640 Millionen US-Dollar.

Metrisch	Wert 2022
Molybdänproduktion	20.500 Tonnen
Molybdänpreis	19,50 $ pro Pfund
Molybdän-Umsatzerlöse	640 Millionen Dollar

Einnahmen aus Metallhandel und Export

Die Exporteinnahmen aus Metallverkäufen beliefen sich im Jahr 2022 auf insgesamt 7,2 Milliarden US-Dollar. Zu den wichtigsten Exportmärkten gehörten:

• China: 35 % der Exporteinnahmen
• Vereinigte Staaten: 25 % der Exporteinnahmen
• Japan: 15 % der Exporteinnahmen
• Andere Märkte: 25 % der Exporterlöse

Verkauf von Nebenprodukten an Mineralien

Zu den Nebenprodukt-Mineralverkäufen im Jahr 2022 gehörten:

Mineralisch	Verkaufsvolumen	Einnahmen
Silber	21,5 Millionen Unzen	450 Millionen Dollar
Zink	45.000 Tonnen	180 Millionen Dollar
Führen	22.000 Tonnen	90 Millionen Dollar

Einnahmen aus langfristigen Lieferverträgen

Langfristige Lieferverträge im Jahr 2022 generierten einen stabilen Umsatz von 1,2 Milliarden US-Dollar. Wichtige Vertragsdetails:

• Durchschnittliche Vertragsdauer: 5-7 Jahre
• Gesamtwert des langfristigen Vertrags: 6,8 Milliarden US-Dollar
• Hauptindustrien: Elektronik, Bauwesen, erneuerbare Energien

Southern Copper Corporation (SCCO) - Canvas Business Model: Value Propositions

You're looking at the core reasons why customers choose Southern Copper Corporation (SCCO) for their metal needs. It's about what they deliver that others can't match, grounded in operational excellence and massive scale.

Supply of high-purity copper and cathodes to global markets. Southern Copper Corporation is a major integrated producer, operating mining and metallurgical facilities in Mexico and Peru to deliver its primary product and by-products to international buyers.

The company's cost structure is a key differentiator. Southern Copper achieved an industry-leading operating cash cost of $0.42/lb of copper in the third quarter of 2025, calculated net of by-product credits. This figure was 44.7% lower than the cost reported in the third quarter of 2024, which was $0.76/lb. That low cost is one of the industry's lowest.

This cost advantage is heavily supported by the diversified metal portfolio, which provides significant revenue offsets when copper prices fluctuate. The company's output includes copper, molybdenum, zinc, and silver, all contributing to the overall financial strength.

Here's a look at the scale of that diversification based on third quarter 2025 performance:

Metal	Q3 2025 Mined Production Volume	Q3 2025 Sales Value Contribution	Q3 2025 Production Growth vs. Q3 2024
Copper	234,892 tonnes	Primary revenue source	Down 6.9% quarter-over-quarter
Zinc	45,482 tonnes	4% of sales value	Up 46.3%
Molybdenum	Not explicitly stated for Q3 2025 mined volume	13% of sales value	Up 8.3%
Silver	Not explicitly stated for Q3 2025 mined volume	7% of sales value	Up 16.4%

Also, you get long-term supply security. Southern Copper Corporation holds what it believes are the largest copper reserves in the industry. At current production rates, these reserves are estimated to be enough to last 60 years.

The company is actively building out future capacity through major projects, which reinforces this long-term view:

• Tía María project received exploitation authorization in October 2025, targeting ramp-up through 2027.
• Michiquillay project has inferred resources of 2,288 million tonnes with a 0.43% copper grade, targeting production of 225,000 tonnes of copper per year for an initial mine life of more than 25 years.
• Los Chancas project has indicated resources of 98 million tonnes of oxides at 0.45% copper and 52 million tonnes of sulfides at 0.59% copper.

Finance: draft 13-week cash view by Friday.

Southern Copper Corporation (SCCO) - Canvas Business Model: Customer Relationships

You're looking at how Southern Copper Corporation (SCCO) locks in its customer base, which is heavily reliant on long-term, predictable relationships rather than day-to-day spot market trading. The core of this strategy is securing volume commitments well in advance.

Focus on establishing and maintaining long-term supply contracts

Southern Copper Corporation's marketing strategy heavily emphasizes securing long-term customer relationships. Generally, between 80% and 90% of the company's metal production is sold under annual or longer-term contracts. These agreements clearly define the volume to be sold over a stated period and include a delivery schedule. To be fair, the price mechanism is tied to market benchmarks; the price is typically set by the weekly or monthly average rate of the commodity published by major metal exchanges at specific dates within each contract. The focus here is clearly on end-user customers, not trading companies or the spot market, which helps stabilize revenue expectations for both parties.

Dedicated account management for large industrial buyers

While the search results don't detail the internal structure of account teams, the commitment to long-term contracts implies a dedicated approach for these large industrial buyers. This relationship management is underpinned by operational performance that supports their supply needs. For instance, in the first nine months of 2025, Southern Copper Corporation's net sales reached $9,550.2 million, showing consistent transaction volume with customers. Furthermore, the company's ability to drive down its own costs directly benefits customer pricing stability or supply assurance; the operating cash cost per pound of copper, net of by-product revenue credits, was notably reduced to $0.42 in the third quarter of 2025, a 44.7% decrease from the third quarter of 2024. Management expects the full-year 2025 operating cash cost to be in the $0.75-$0.80/lb range.

High service reliability

Although the specific 99.4% on-time delivery rate you mentioned isn't in the latest filings, the emphasis on timely deliveries is a stated part of their superior customer service goal. The success in fulfilling contracts, even with production fluctuations, speaks to this reliability. For example, in the third quarter of 2025, despite a 6.9% decrease in copper production to 234,892 tonnes, the company still managed strong sales growth in by-products, with silver sales volumes up 21.9% and zinc up 7.3%. This operational flexibility helps maintain supply commitments.

Proactive engagement on ESG and responsible sourcing practices

Southern Copper Corporation is actively using its Environmental, Social, and Governance (ESG) performance as a relationship builder with increasingly sustainability-focused customers and regulators. The company's commitment is recognized externally; for the first time, SCC's Sustainable Development Report was verified by an independent third party. This aligns with their goal to bolster investor confidence through transparency across 15 material sustainability topics.

Here are some concrete metrics reflecting this engagement as of late 2025:

• Achieved The Copper Mark certification for all open-pit operations.
• Reported a 24% reduction in the lost time injury frequency rate since 2023.
• Sourced 39% of its electricity from renewable energy in 2024.
• Invested $60 million through the Works for Taxes mechanism to build two high-performance schools in Peru.
• Ranked among the top 10 mining companies by S&P Global's Corporate Sustainability Assessment (CSA) in 2024, with a score twice the sector average.

The company also has specific 2025 targets, including enhancing sensitivity analyses for climate change and water quality/quantity, and developing a systematic risk management training program for the Board.

The following table summarizes key financial and operational data points that directly influence customer value and relationship strength through Q3 2025:

Metric	Value / Period	Comparison
Net Sales (9M 2025)	$9,550.2 million	Up 10.4% vs 9M 2024
Net Income (3Q 2025)	$1,107.6 million	Up 23.5% vs 3Q 2024
Operating Cash Cost (Copper/lb, 3Q25)	$0.42	Down 44.7% vs 3Q 2024
Zinc Sales Volume (3Q25)	Increase	Up 7.3% vs 3Q 2024
Renewable Electricity Use (2024)	39%	Metric supporting ESG commitment

The ability to consistently deliver on these operational and sustainability fronts is what keeps those long-term supply contracts attractive to your buyers. Finance: draft 13-week cash view by Friday.

Southern Copper Corporation (SCCO) - Canvas Business Model: Channels

You're looking at how Southern Copper Corporation moves its massive metal output-copper, zinc, molybdenum, and silver-from the mine gate to the end-user. It's a complex logistical dance across continents, heavily reliant on long-term certainty.

Direct Sales to Industrial Manufacturers, representing approximately 62% of channel revenue

A significant chunk of Southern Copper Corporation's revenue flows directly to large industrial buyers. This channel provides stability, which is key when you're running world-class operations like those in Peru and Mexico. For instance, in the second quarter of 2025, net sales hit $3,051.0 million, showing the scale of their direct market engagement. Copper, which was 74% of sales in Q2 2025, is the primary driver here. This direct approach helps bypass some market volatility, though it still ties revenue to the spot price, as seen when LME copper prices saw a +3.7% variance year-over-year in Q2 2025.

Global Metal Trading Platforms (e.g., London Metal Exchange, Shanghai Futures Exchange)

The remaining portion of sales, outside the direct industrial channel, relies on global platforms. These exchanges are where price discovery happens, even for material sold under contract. The London Metal Exchange (LME) price for copper averaged $4.24 per pound in the first quarter of 2025, an 11% increase from the prior year's $3.83 per pound. Southern Copper Corporation is keenly aware of the arbitrage differences; in Q1 2025, the COMEX price was at one point 17% above the LME price. The company also moves significant volumes of by-products through these markets; for example, zinc sales volumes rose 14% in Q2 2025 versus Q2 2024.

Strategic Sales Representatives covering The Americas, Europe, and Asia

To manage sales across its global footprint, Southern Copper Corporation utilizes a network of strategic sales representatives. The company's operations and sales segments cover The Americas, Europe, and Asia. This global reach is essential for moving everything from copper to silver. Silver sales volumes, for instance, were up 14.0% year-to-date in 2025, showing the effectiveness of their market penetration across these regions. Molybdenum sales volumes also saw a +2.7% increase in Q2 2025 over Q2 2024.

Long-term contracts covering 80% to 90% of metal production

Securing a large percentage of output through long-term agreements is a cornerstone of their revenue predictability. This strategy locks in sales volumes and provides a buffer against short-term price swings. While the exact percentage is set at 80% to 90% of metal production, the impact is clear when you look at the operational efficiency achieved. The company maintained an industry-leading net cash cost of only $0.70 per pound of copper in Q2 2025.

Here's a quick look at some key sales and production metrics from the first half of 2025:

Metric	Q2 2025 Value	Variance (YTD 2025 vs YTD 2024)
Net Sales	$3,051.0 million	+8% in net sales
Copper Production (YTD)	479,206 tonnes	-0.7%
Zinc Production (YTD)	Mined production up 52.9%	+25.3% in sales volume
Silver Production (YTD)	Mined production up 14.6%	Sales volume up +14.0%
Copper Cash Cost (per pound, net)	$0.63 (Q2 2025)	$0.70 (6M 2025)

The reliance on long-term agreements is supported by the company's massive reserve base and project pipeline, which is expected to add over 500,000 tons of copper annually by 2030 from projects like Michiquillay, which alone is projected for 225,000 tonnes per year.

The sales mix for the primary metal in Q1 2025 was:

• Copper represented 78% of sales value.
• Molybdenum represented 10% of sales value.
• Silver represented 6% of sales value.

Finance: draft 13-week cash view by Friday.

Southern Copper Corporation (SCCO) - Canvas Business Model: Customer Segments

You're looking at the core buyers for Southern Copper Corporation (SCCO) as of late 2025. Honestly, this is a story about copper, as it drives the vast majority of the business. For the third quarter of 2025, Southern Copper Corporation reported net sales of $3.38 billion. This shows you where the money is coming from, even as the company navigates market volatility, including monitoring U.S. trade policy developments.

The customer segments are best understood by looking at the end-use of the primary metals Southern Copper Corporation sells: copper, molybdenum, silver, and zinc. While the company operates with geographical segments across The Americas, Europe, and Asia, the demand is fundamentally driven by the industries that consume these materials.

Here's a look at the relative importance of the metal sales, which directly reflects the weight of the corresponding customer segments, based on the 2024 revenue mix, which serves as the most comprehensive breakdown available:

Primary Metal Sold	Approximate % of Total Sales (2024 Baseline)	Primary Customer Segment Link
Copper	76.6%	Global Manufacturing, Construction/Infrastructure, Automotive/Green Energy
Molybdenum	10.9%	Global Manufacturing (e.g., specialty alloys, steel production)
Silver	5.1%	Electronics, Jewelry, Industrial Metal Consumers
Zinc	3.8%	Industrial Metal Consumers (e.g., galvanizing, brass)

The demand signals from these segments, particularly for copper, show active consumption in the first half of 2025. For instance, the company's sales volumes for zinc grew by 25.3% year-to-date (YTD) in 2025, and silver volumes were up 14.0% YTD. This suggests strong activity in the specific industrial applications for those metals.

Focusing on the key segments you listed, here are the demand indicators we see from the 2025 production and sales data:

• Global Manufacturing Industries: Copper sales volume was up 0.3% YTD in 2025.
• Automotive and Green Energy sectors: The company forecasts copper production of approximately 968,200 tonnes for the full year 2025.
• Industrial metal consumers in Asia, Europe, and The Americas: Zinc sales volume increased by 14% in the second quarter of 2025 compared to Q2 2024.
• Construction and Infrastructure Developers worldwide: Molybdenum sales volume rose by 6.1% YTD in 2025.

To be defintely clear, the overall market sentiment remains positive for the long term, with worldwide copper inventories dropping 28% between the end of March and the end of June 2025, covering only about six days of global demand at that point. This tight supply situation directly impacts the pricing power Southern Copper Corporation has with all its customer segments.

Finance: draft 13-week cash view by Friday.

Southern Copper Corporation (SCCO) - Canvas Business Model: Cost Structure

When you look at Southern Copper Corporation's cost structure, the first thing that jumps out is their exceptional efficiency in copper production, which is a direct result of their integrated model. Southern Copper Corporation achieved an operating cash cost of just $0.42 per pound of copper, net of by-product credits, in the third quarter of 2025. This figure is one of the lowest in the industry, which really helps them maintain profitability even when copper prices fluctuate.

To put that low net cost in perspective, the operating cash cost per pound of copper before those by-product credits was $2.23 per pound in the same quarter. The benefit from by-products like zinc, silver, and molybdenum was substantial in driving that net cost down.

However, running an integrated mining, smelting, and refining operation means you have significant, high fixed costs tied up in massive infrastructure. You see this reflected in the company's commitment to capital investment. For the third quarter of 2025 alone, Southern Copper Corporation spent $349.2 million on capital investments. Looking at the year-to-date, for the first nine months of 2025, capital expenditures totaled $902.7 million. This ongoing investment, part of a program exceeding $15 billion for the decade, is what keeps that fixed asset base running and growing with projects like Tia Maria and El Arco.

Still, you can't ignore the pressure from inflation on the day-to-day running costs. For instance, in the first quarter of 2025, operating costs rose by 12.5% compared to the prior year. That increase was mainly driven by higher costs for materials and workers' participation. Even in the strong third quarter, management noted cost increments in areas like purchased copper concentrate, labour, energy, and services.

Here's a quick look at some of those key cost and investment metrics from the latest reports:

Metric	Value	Period	Source of Cost/Investment
Operating Cash Cost (Net of By-products)	$0.42 per pound	Q3 2025	By-product credit strength
Operating Cash Cost (Before By-products)	$2.23 per pound	Q3 2025	Underlying extraction/processing cost
Capital Expenditures	$349.2 million	Q3 2025	Fixed asset maintenance and growth
Capital Expenditures	$902.7 million	9M 2025	Fixed asset maintenance and growth
Operating Cost Increase	12.5%	Q1 2025	Materials and labor inflation

The cost structure is fundamentally shaped by these large, necessary expenditures:

• Maintaining the integrated infrastructure across Mexico and Peru.
• Managing rising input costs for materials and labor.
• Funding the multi-billion dollar capital investment program for long-term growth projects.
• Leveraging high by-product volumes to offset the primary copper cost.

Finance: draft 13-week cash view by Friday.

Southern Copper Corporation (SCCO) - Canvas Business Model: Revenue Streams

When you look at how Southern Copper Corporation (SCCO) brings in the money, it's a story dominated by the red metal, but increasingly supported by its metallic friends. The core of the revenue engine is, unsurprisingly, copper sales. For the first quarter of 2025, we saw copper sales account for about 78% of the total net sales reported for that period.

To be fair, copper volume can be lumpy, and that's where the by-products really step up to stabilize the top line and, critically, drive down the operating cost. Southern Copper Corporation generates significant revenue from sales of by-products, namely molybdenum, zinc, and silver. The strength in these areas was a major driver of the record performance seen later in the year.

For instance, looking at the third quarter of 2025, the sales volume growth for these supporting minerals was quite impressive, especially when compared to the slight dip in copper sales volume for the same period. This diversification is helping manage the overall cost structure; in Q3 2025, the operating cash cost per pound of copper, net of these by-product revenue credits, dropped to a very competitive $0.42 per pound.

Here's a quick look at how the by-product sales volumes performed in Q3 2025 compared to Q3 2024, showing where the growth momentum was:

By-Product Metal	Q3 2025 Sales Volume Change (YoY)	Q3 2025 Production Change (YoY)
Zinc	+7.3%	+46.3%
Silver	+21.9%	+16.4%
Molybdenum	+7.9%	+8.3%
Copper	-3.6%	-6.9%

The sheer scale of the revenue generated from these streams is clear when you see the overall results. Southern Copper Corporation posted a record $3,377.3 million in net sales for the third quarter of 2025. That's a 15.2% increase year-over-year for the quarter, showing the power of higher metal prices combined with those strong by-product volumes.

Also remember that a good portion of the revenue is locked in through agreements. Revenue from long-term contracts with pricing linked to major metal exchanges provides a layer of predictability to the cash flow, even when spot prices are swinging around. For context, the Q1 2025 net sales figure was $3,121.9 million, which itself was a 20.1% increase over Q1 2024, driven by volume growth across all metals.

You can see the revenue mix is actively managed through operational focus. The company's strategy clearly involves maximizing output from its concentrators, like the Buenavista zinc concentrator operating at full capacity, to bolster revenue streams outside of primary copper output. The key revenue drivers are:

• Primary sales of copper concentrate and refined copper.
• Significant, growing revenue from zinc sales, with production up 46.3% in Q3 2025.
• Consistent contributions from silver and molybdenum sales.
• Sales structured via long-term agreements tied to exchange benchmarks.

Finance: draft 13-week cash view by Friday.