SCC(SCCO) Wen Hua Cai Jing·2025-04-28 01:01Group 1 - Southern Copper expects stable copper sales despite uncertainties in tariff policies, with demand shifting from construction to energy and technology sectors [1] - The CFO of Southern Copper, Raul Jacob, maintains a positive outlook on the copper market, predicting a transition in demand from infrastructure to new energy technologies and artificial intelligence [1] - Solar power generation requires more copper than traditional carbon power, and the development of AI also necessitates significant amounts of copper, zinc, and silver, supporting price stability in the coming years [1] Group 2 - In Q1 2025, Southern Copper produced 242,004 tons of copper, an increase from 240,679 tons in the same period last year, with production growth of 11.6% at the Toquepala mine in Peru [1] - The company is prepared to shift exports to other markets if necessary, despite the U.S. suspending a 25% copper tariff, which will help mitigate external shocks [1] - The Tia Maria project in Arequipa has seen 61% completion in road and platform construction, with updated capital expenditures of $200 million for this year, $980 million for 2026, and $46 million for 2027 [2] - The Tia Maria project is expected to produce 120,000 tons annually, and there is high social acceptance with minimal opposition [2]