HIGHBuilt-inCommodity
75.9%
copper
“10-K Item 1A: 'approximately 75.9% of our revenues were generated from the sale of copper'”
SCCO · Concentration risk · 10-K extracted
Southern Copper (SCCO) concentration risks
Updated
The most significant concentration Southern Copper discloses is copper at 75.9%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Southern Copper’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH2
MEDIUM0
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHBuilt-inGeographic
Peru and Mexico
“10-K Item 1: 'All of our mining, smelting and refining facilities are located in Peru and Mexico'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile is defined by two interlocking structural exposures: a dominant commodity and a single-country operational footprint. Copper accounts for approximately 75.9% of revenues, a high-share commodity dependency that is structural in character — the business model is built around mining, smelting, and refining copper, so this share reflects deliberate strategy rather than a customer or supplier relationship that could be renegotiated. Copper price cycles are the primary lever through which this exposure translates into earnings volatility; a sustained move in the commodity more than offsets any operational efficiency the company might achieve. Reinforcing this commodity exposure is a geographic concentration: all mining, smelting, and refining facilities are located in Peru and Mexico, a high-share geographic footprint with a structural character. There is no operational presence outside these two countries to absorb disruption from local regulatory, political, labor, or environmental developments. This is not a customer-access issue — demand is global — but an operational resilience issue where any facility-level disruption flows directly to the consolidated output. Together the two exposures compound: a copper price shock and a country-level operational disruption would act simultaneously on the same revenue base with no structural offset. Both are widely disclosed and priced into the stock by informed investors, but they remain the central variables to monitor.
For the engine’s reasoning on SCCO’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Copper
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| SCCO● | Southern Copper Corporation | 2 | 0 | 0 | 2 |
| IE | Ivanhoe Electric Inc. | 1 | 1 | 0 | 2 |
| FCX | Freeport-McMoRan, Inc. | 1 | 0 | 0 | 1 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.