U.S. Materials Potentially Undervalued Companies

Silgan Holdings

Market Cap: US$4.5b

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

Eastman Chemical

Market Cap: US$7.4b

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

Avient

Market Cap: US$3.2b

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

Graphic Packaging Holding

Market Cap: US$5.8b

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.

Interfor

Market Cap: US$589.7m

Produces and sells wood products in Canada, the United States, Japan, China, Taiwan, and internationally.

Axalta Coating Systems

Market Cap: US$6.3b

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.

Fortescue

Market Cap: US$58.7b

Engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally.

Norsk Hydro

Market Cap: US$132.3b

Engages in the power production, bauxite extraction, alumina refining, aluminium smelting, and recycling activities worldwide.

Fuchs

Market Cap: US$4.6b

Develops, produces, and distributes lubricants and functional fluids in Europe, the Middle East, Africa, the Asia Pacific, and North and South America.

Zijin Mining Group

Market Cap: US$756.2b

Engages in the exploration, mining, processing, refining, and sale of gold, non-ferrous metals, and other mineral resources in Mainland China and internationally.

Harmony Gold Mining

Market Cap: US$197.9b

Engages in the exploration, extraction, and processing of mineral properties in South Africa, Papua New Guinea, and Australasia.

Kemira Oyj

Market Cap: US$3.0b

Operates as a chemicals company in Finland, rest of Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

GCC. de

Market Cap: US$57.6b

Through its subsidiaries, produces, markets, and distributes cement, aggregates, ready-mix concrete, and other materials for the construction industry in Mexico and the United States.

Olin

Market Cap: US$2.6b

Manufactures and distributes chemical products in the United States, Europe, Asia Pacific, Latin America, and Canada.

Ferroglobe

Market Cap: US$778.2m

Produces and sells silicon metal, and silicon and manganese-based ferroalloys in the United States, Europe, and internationally.

Anhui Conch Cement

Market Cap: US$130.2b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

Torex Gold Resources

Market Cap: US$5.0b

Operates as an intermediate gold producer.

BHP Group

Market Cap: US$204.3b

Operates as a resources company in Australia, Europe, China, Japan, India, South Korea, rest of Asia, North America, South America, and internationally.

American Vanguard

Market Cap: US$160.4m

Through its subsidiaries, develops, manufactures, and markets chemical, biological and biorational products for agricultural, commercial, and consumer uses in the United States and internationally.

Regis Resources

Market Cap: US$4.5b

Engages in the exploration, evaluation, and development of gold projects in Australia.

thyssenkrupp

Market Cap: US$7.2b

Operates as an industrial and technology company in Germany and internationally.

Nippon Steel

Market Cap: US$3.3t

Engages in steelmaking and steel fabrication, engineering, chemicals and materials, and system solutions businesses in Japan and internationally.

Alphamin Resources

Market Cap: US$1.2b

Engages in the production and sale of tin concentrate.

SunCoke Energy

Market Cap: US$663.8m

Operates as an independent producer of coke in the Americas and Brazil.

Central Asia Metals

Market Cap: US$259.6m

Operates as a base metals producer.

Sasol

Market Cap: US$68.8b

Operates as a chemical and energy company.

Thor Explorations

Market Cap: US$831.6m

Operates as a gold producer and explorer.

Arkema

Market Cap: US$4.1b

Manufactures and sells specialty materials in Europe, the United States, Canada, Mexico, China, Hong Kong, Taiwan, and internationally.

Algoma Steel Group

Market Cap: US$436.5m

Produces and sells steel products in Canada, the United States, and internationally.

Anglo American

Market Cap: US$28.8b

Operates as a mining company in the United Kingdom and internationally.

Worthington Steel

Market Cap: US$1.7b

Operates as a steel processor in North America.

Jaguar Mining

Market Cap: US$469.2m

A junior gold mining company, engages in the acquisition, exploration, development, and operation of gold mineral properties in Brazil.

Greif

Market Cap: US$2.9b

Engages in the production and sale of industrial packaging products and services worldwide.

Nexa Resources

Market Cap: US$659.5m

Engages in the zinc mining and smelting business worldwide.

Holcim

Market Cap: US$36.5b

Provides building materials and solutions worldwide.

OceanaGold

Market Cap: US$6.8b

A gold and copper producer, engages in exploration, development, and operation of mineral properties in the United States, the Philippines, and New Zealand.