Company: SCCO
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001558370-25-002017
Chunk: 37

Company: SOUTHERN COPPER CORP/
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 37
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881Peruvian operations  46,513Development projects  19,274Total  112,668

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Outlook:  Various key factors affect our outcome. These include, but are not limited to, the following:

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●Sales structure: In the last three years, approximately 76.1% of our revenues came from the sale of copper; 11.4% from molybdenum; 4.5% from silver; 3.5% from zinc; and 4.5% from various other products, including gold, sulfuric acid and other materials.

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●Copper: In 2024, representing approximately 76.6% of our sales, the LME copper price increased from an average of $3.85 per pound in 2023 to $4.15 (+7.8%) in 2024. Based on supply and demand dynamics, we estimated 2024 to end in balance, where demand grew 3.0% and supply, 3.5%.

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For 2025, we expect demand to grow around 4%, driven by economic measures announced in China to promote economic expansion; resilient consumption in the U.S. economy; and new demand on the back of the energy