Copper Price Surge Drives Profits for SCCO and TECK

Southern Copper Corporation (SCCO) and Teck Resources Limited (TECK) are two prominent diversified base metals miners that have benefited from the surge in copper prices.

Copper prices currently sit at $6.55 per pound, a significant increase of 48.2% over the past year, driven by tight global supply and strong demand.

SCCO has seen its adjusted EBITDA reach a record $2.86 billion in the second quarter of 2026, with revenue increasing 40.6% to $4.29 billion.

The company's net income attributable to SCCO surged 71.6% year over year to a record $1.67 billion, while its net income margin improved to 38.9% from 31.9% in the prior-year period.