U.S. Materials Undervalued Small Caps

Koppers Holdings

Market Cap: US$804.6m

Provides treated wood products, wood preservation chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally.

Sylvamo

Market Cap: US$1.8b

Produces and markets uncoated freesheet for cutsize, offset paper, and pulp in Europe, Latin America, and North America.

Metallus

Market Cap: US$793.8m

Manufactures and sells alloy steel, and carbon and micro-alloy steel products in the United States and internationally.

Caledonia Mining

Market Cap: US$439.8m

Primarily operates a gold mine in Jersey.