U.S. Materials Healthy potentially undervalued

Silgan Holdings

Market Cap: US$4.0b

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

RPM International

Market Cap: US$12.5b

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

Commercial Metals

Market Cap: US$6.5b

Manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally.

Constellium

Market Cap: US$3.2b

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.

International Paper

Market Cap: US$18.8b

Produces and sells renewable fiber-based packaging in North America, Latin America, Europe, South America, and North Africa.

Crown Holdings

Market Cap: US$11.1b

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

Eagle Materials

Market Cap: US$5.7b

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

Axalta Coating Systems

Market Cap: US$5.7b

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$12.9b

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

Aspen Aerogels

Market Cap: US$273.3m

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.

Eastman Chemical

Market Cap: US$8.1b

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

Quaker Chemical

Market Cap: US$2.2b

Quaker Chemical Corporation, doing business as Quaker Houghton, provides industrial process fluids worldwide.

Alcoa

Market Cap: US$15.4b

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.

Minerals Technologies

Market Cap: US$2.2b

Develops, produces, and markets various mineral, mineral-based products and services.

Ternium

Market Cap: US$7.6b

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

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.

International Flavors & Fragrances

Market Cap: US$18.1b

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

AngloGold Ashanti

Market Cap: US$45.1b

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

Graphic Packaging Holding

Market Cap: US$2.7b

Engages in the design, production, and sale of consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products in the Americas, Europe, and the Asia Pacific.

Ramaco Resources

Market Cap: US$992.4m

Engages in the development, operation, and sale of metallurgical coal.

CF Industries Holdings

Market Cap: US$21.0b

Engages in the production of ammonia in North America, Europe, and internationally.

Materion

Market Cap: US$2.9b

Produces advanced engineered materials in the United States, Asia, Europe, and internationally.

Steel Dynamics

Market Cap: US$24.8b

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

Orion

Market Cap: US$341.0m

Engages in the manufacture and sale of carbon black products.

Smurfit Westrock

Market Cap: US$20.6b

Manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in North America, South America, Europe, Asia, Africa, Australia, and internationally.

DuPont de Nemours

Market Cap: US$18.5b

Provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa.

Cabot

Market Cap: US$3.9b

Operates as a specialty chemicals and performance materials company.

Titan America

Market Cap: US$2.7b

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

Compañía de Minas BuenaventuraA

Market Cap: US$8.5b

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

CRH

Market Cap: US$68.0b

Provides building materials solutions in Ireland, the United States, the United Kingdom, rest of Europe, and internationally.

Mosaic

Market Cap: US$7.9b

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