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Southern Copper Corporation (NYSE: SCCO) is a Phoenix, Arizona-headquartered, Delaware-incorporated integrated copper miner, smelter and refiner with mine complexes in Peru (Toquepala, Cuajone) and Mexico (Buenavista, La Caridad, plus the IMMSA underground unit).
Named counterparties identified by open-source research and written only where a primary source states the relationship — never inferred from sector or co-mention. 1 supplier. This is a partial view: it covers the relationships we could evidence, not the company's full supply base.
10-K FY2025, related-party note: purchase activity with Grupo Mexico affiliates Asarco LLC $71.5 (2025), $4.7 (2024), $30.4 (2023); the Company's Mexican operations purchased copper concentrates, starter sheets, cathodes, bars and a fixed asset from Asarco LLC and also paid fees for tolling services. Seller side = Asarco's US operations (Arizona mines Mission/Ray/Silver Bell, Hayden smelter, Amarillo TX refinery); buyer side = SCC's Mexican operations (Sonora: La Caridad smelter/refinery, Buenavista). Both are Grupo Mexico subsidiaries. Value mixes concentrate, cathode and a fixed asset -- no copper-only split disclosed. Reverse flow (SCC sold starter sheets, sulfuric acid, lime to Asarco, US$51.8m 2025) not recorded as a copper row. Direct document URL (scco-20251231x10k.htm) returned HTTP 403 on 2026-09-27 re-check; filing index URL above confirmed live for the same accession.
Scope. Absence of a counterparty here is not evidence that none exists — most commercial sourcing is confidential and never becomes public. Rows without a share figure mean no share was disclosed, not that the relationship is small.
This company sits on the supply side for 3 of its 3 materials — a restriction on those is a tailwind, not a headwind.
As a producer, policy pressure across its produced materials is flat.
Descriptive trend in official policy actions on this company’s materials — a policy-pressure trend, not a price or trading signal. No forward probability is implied. Direction is measured on actions we have discovered, and discovery lags events: where the recent window is too thin to support a calm reading, the row says coverage-limited instead of easing.
🇺🇸 US accounts for 100% of severity-weighted pressure.