U.S. Materials Healthy potentially undervalued

Silgan Holdings

Market Cap: US$4.3b

Manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally.

RPM International

Market Cap: US$13.6b

Provides specialty chemicals for the construction, industrial, specialty, and consumer markets.

Minerals Technologies

Market Cap: US$1.9b

Develops, produces, and markets various mineral, mineral-based, and related systems and services.

Mosaic

Market Cap: US$7.7b

Through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients.

Graphic Packaging Holding

Market Cap: US$4.5b

Designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products in the Americas, Europe, and the Asia Pacific.

Aspen Aerogels

Market Cap: US$245.5m

An aerogel technology company, designs, develops, manufactures, and sells aerogel materials primarily for use in the energy industrial, sustainable insulation materials, and electric vehicle (EV) markets in the United States, Canada, Asia, Europe, and Latin America.

Greif

Market Cap: US$3.4b

Produces and sells industrial packaging products and services worldwide.

Eastman Chemical

Market Cap: US$7.2b

Operates as a specialty materials company in the United States, China, and internationally.

Steel Dynamics

Market Cap: US$25.6b

Operates as a steel producer and metal recycler in the United States.

Nucor

Market Cap: US$37.9b

Engages in the manufacture and sale of steel and steel products.

Alcoa

Market Cap: US$14.0b

Engages in the bauxite mining, alumina refining, aluminum production, and energy generation business in Australia, Brazil, Canada, Iceland, Norway, Spain, the United States, and internationally.

Crown Holdings

Market Cap: US$11.7b

Engages in the packaging business in the United States and internationally.

Avient

Market Cap: US$2.9b

Operates as a formulator of material solutions in the United States, Canada, Mexico, Europe, South America, and Asia.

International Flavors & Fragrances

Market Cap: US$17.1b

Manufactures and markets food, beverage, health and biosciences, scent, pharma solutions, and complementary adjacent products in the United States, Europe, and internationally.

LyondellBasell Industries

Market Cap: US$13.8b

Operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally.

AngloGold Ashanti

Market Cap: US$45.4b

Operates as a gold mining company in Africa, Australia, and the Americas.

Gold Royalty

Market Cap: US$1.0b

A precious metals-focused royalty company, provides financing solutions to the metals and mining industry.

PPG Industries

Market Cap: US$23.2b

Manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa.

Ternium

Market Cap: US$7.5b

Manufactures and distributes steel products in Mexico, Southern Region, Brazil, and internationally.

Ball

Market Cap: US$14.0b

Supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally.

Sealed Air

Market Cap: US$6.1b

Provides packaging solutions in the United States and internationally, Europe, the Middle East, Africa, and Asia Pacific.

Axalta Coating Systems

Market Cap: US$6.9b

Through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

Avery Dennison

Market Cap: US$14.0b

Operates as a materials science and digital identification solutions company in the United States, Europe, the Middle East, North Africa, Asia, Latin America, and internationally.

Packaging Corporation of America

Market Cap: US$18.5b

Manufactures and sells containerboard and uncoated freesheet (UFS) paper products in North America.

Metallus

Market Cap: US$745.1m

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

AptarGroup

Market Cap: US$8.1b

Designs and manufactures a range of drug delivery, consumer product dispensing, and active material science solutions and services for the pharmaceutical, beauty, personal care, home care, and food and beverage markets.

Constellium

Market Cap: US$2.6b

Engages in the design, manufacture, and sale of rolled and extruded aluminum products for the aerospace, packaging, automotive, commercial transportation, general industrial, and defense end-markets.

Smurfit Westrock

Market Cap: US$19.9b

Manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products.

Eagle Materials

Market Cap: US$6.9b

Through its subsidiaries, manufactures and sells heavy construction products and light building materials in the United States.

Compañía de Minas BuenaventuraA

Market Cap: US$7.5b

Engages in the exploration, mining, concentration, smelting, and marketing of polymetallic ores and metals in Peru.

Titan America

Market Cap: US$3.3b

Through its subsidiaries, manufactures and supplies heavy building materials and services in the United States.