Copper Price Volatility Impacts Revenue and Profitability: Fluctuations in global copper prices directly affect SCCO's revenue, profit margins, and investment capacity, as the company's profitability is highly dependent on this key commodity.

Political and Regulatory Instability in Operating Regions: Southern Copper operates in Peru and Mexico, countries prone to political shifts, changes in mining regulations, tax policies, and potential resource nationalism, which could adversely impact its operations and financial performance.

Operational Disruptions and Production Shortfalls: The company faces risks from natural disasters (earthquakes), labor disputes, equipment failures, power outages, and adverse weather, all of which can lead to production delays or decreased output.