U.S. Materials Potentially Undervalued Companies

Silgan Holdings

Market Cap: US$4.1b

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

Torex Gold Resources

Market Cap: US$6.1b

Operates as an intermediate gold producer.

Flotek Industries

Market Cap: US$461.2m

Operates as a technology-driven green chemistry and data company that serves customers across industrial and commercial markets in the United States, the United Arab Emirates, and internationally.

O-I Glass

Market Cap: US$2.0b

Through its subsidiaries, engages in the manufacture and sale of glass containers to food and beverage manufacturers primarily in the Americas, Europe, and internationally.

Canfor

Market Cap: US$1.4b

Operates as an integrated forest products company in the United States, Asia, Canada, Europe, and internationally.

Allied Gold

Market Cap: US$2.9b

Explores and produces mineral deposits in Africa.

Constellium

Market Cap: US$2.2b

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.

Chemours

Market Cap: US$1.9b

Provides performance chemicals in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America.

Ardagh Metal Packaging

Market Cap: US$2.1b

Operates as a metal beverage can company in Europe, the United States, and Brazil.

Minerals Technologies

Market Cap: US$1.8b

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

Crown Holdings

Market Cap: US$11.4b

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

Eldorado Gold

Market Cap: US$7.9b

Engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, and Greece.

PPG Industries

Market Cap: US$21.5b

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

Mosaic

Market Cap: US$8.2b

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

Wesdome Gold Mines

Market Cap: US$3.2b

Wesdome Gold Mines Ltd. mines, develops, and explores for gold and silver deposits in Canada.

Hochschild Mining

Market Cap: US$1.9b

A precious metals company, engages in the exploration, mining, processing, and sale of gold and silver deposits in Peru, Argentina, the United Kingdom, Canada, Brazil, and Chile.

Ball

Market Cap: US$12.7b

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$6.2b

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.

Kemira Oyj

Market Cap: US$2.9b

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

Aspen Aerogels

Market Cap: US$299.2m

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.

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.

Ferroglobe

Market Cap: US$694.2m

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

Iluka Resources

Market Cap: US$2.8b

Engages in the exploration, project development, mining, processing, marketing, and rehabilitation of mineral sands in Australia, China, rest of Asia, Europe, the Americas, and internationally.

Zijin Mining Group

Market Cap: US$783.0b

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

CF Industries Holdings

Market Cap: US$13.1b

Engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally.

Regis Resources

Market Cap: US$5.2b

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

Harmony Gold Mining

Market Cap: US$199.8b

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

Fortescue

Market Cap: US$61.4b

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

Capital

Market Cap: US$232.1m

Provides drilling, mining, mineral assaying, and surveying services.

Anglo American

Market Cap: US$30.9b

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

Eastman Chemical

Market Cap: US$6.9b

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

Holcim

Market Cap: US$39.7b

Provides building materials and solutions worldwide.

Sumitomo Chemical Company

Market Cap: US$736.7b

Engages in Agro & Life Solutions, ICT & Mobility Solutions, Advanced Medical Solutions, Essential & Green Materials, and Sumitomo Pharma.

Innospec

Market Cap: US$1.9b

Develops, manufactures, blends, markets, and supplies specialty chemicals in the Americas, Europe, the Middle East, Africa, and Asia-Pacific.

SunCoke Energy

Market Cap: US$576.6m

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

Solvay

Market Cap: US$2.8b

Provides basic and performance chemicals worldwide.