One of the largest copper miners in the world, Southern Copper Corporation (SCC) mines, smelts, and refines copper at its mines located in Peru and throughout Mexico. It also conducts exploration activities in those countries and Chile. SCC produces around 1 billion pounds of copper annually and owns about 70 billion pounds of copper and molybdenum reserves. The copper is sold in Asia, Europe, and the Americas, where it's used mainly in construction and electronics. The company also produces molybdenum, silver, and zinc as by-products of its copper mining. Americas Mining Corporation, a subsidiary of Grupo México, owns almost 80% of SCC.