U.S. Materials Healthy potentially undervalued

Commercial Metals

Market Cap: US$7.5b

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

Century Aluminum

Market Cap: US$4.3b

Produces primary aluminum and alumina in the United States and Iceland.

Silgan Holdings

Market Cap: US$4.4b

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

CF Industries Holdings

Market Cap: US$18.0b

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

Eastman Chemical

Market Cap: US$8.6b

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

Steel Dynamics

Market Cap: US$33.1b

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

Constellium

Market Cap: US$3.6b

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.

Sociedad Química y Minera de Chile

Market Cap: US$21.5b

Produces and sells specialty plant nutrients, and iodine and its derivatives in Chile, Latin America, the Caribbean, Europe, North America, Asia, and internationally.

PPG Industries

Market Cap: US$25.3b

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

LyondellBasell Industries

Market Cap: US$21.3b

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

Minerals Technologies

Market Cap: US$2.2b

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

International Paper

Market Cap: US$21.7b

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

Clearwater Paper

Market Cap: US$340.8m

Manufactures and supplies solid bleached sulfate (SBS) paperboard packaging products in the United States and internationally.

Titan America

Market Cap: US$2.8b

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

H.B. Fuller

Market Cap: US$3.3b

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products.

NioCorp Developments

Market Cap: US$649.3m

Engages in the exploration and development of mineral deposits in North America.

RPM International

Market Cap: US$14.3b

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

Alcoa

Market Cap: US$13.6b

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.

Nucor

Market Cap: US$56.4b

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

Crown Holdings

Market Cap: US$12.6b

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

Eagle Materials

Market Cap: US$6.3b

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

Amcor

Market Cap: US$21.9b

Develops and produces packaging solutions for nutrition, health, beauty, and wellness categories in Europe, North America, Latin America, and the Asia Pacific.

Kaiser Aluminum

Market Cap: US$2.4b

Manufactures and sells semi-fabricated specialty aluminum mill products.

Avient

Market Cap: US$4.1b

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

AngloGold Ashanti

Market Cap: US$55.4b

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

Ball

Market Cap: US$16.6b

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

Axalta Coating Systems

Market Cap: US$7.8b

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.