U.S. Materials Potentially Undervalued Companies

AMG Critical Materials

Market Cap: US$1.1b

Develops, produces, and sells energy storage materials in the United States, China, Germany, France, Japan, Brazil, Africa, and internationally.

Torex Gold Resources

Market Cap: US$6.3b

A mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in Mexico and the United States.

Silgan Holdings

Market Cap: US$4.4b

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

OceanaGold

Market Cap: US$10.5b

Engages in the exploration, development, and operation of gold and gold/copper mines in the United States, the Philippines, and New Zealand.

Flotek Industries

Market Cap: US$549.1m

Operates as a chemical and data analytics company in the United States, the United Arab Emirates, and internationally.

Genesis Minerals

Market Cap: US$7.5b

Engages in the gold mining, project development and exploration activities in Western Australia.

O-I Glass

Market Cap: US$1.6b

Through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers in the Americas, Europe, and internationally.

K92 Mining

Market Cap: US$6.1b

Engages in the exploration and development of mineral deposits in Papua New Guinea.

B2Gold

Market Cap: US$9.0b

Operates as a gold producer company in Canada.

Andean Precious Metals

Market Cap: US$1.1b

Engages in the acquisition, exploration, development, and processing of mineral resource properties in the United States.

Mercer International

Market Cap: US$86.9m

Manufactures and sells northern bleached softwood kraft (NBSK) and northern bleached hardwood kraft (NBHK) pulp in the United States, Germany, China, and internationally.

Sylvamo

Market Cap: US$1.7b

Produces and markets uncoated freesheet for cutsize, offset paper, and pulp in Europe, Latin America, and North America.

Aluminum Corporation of China

Market Cap: US$236.2b

Primarily engages in the exploration and mining of bauxite, coal, and other resources in the People's Republic of China and internationally.

International Paper

Market Cap: US$19.5b

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

Koppers Holdings

Market Cap: US$716.3m

Provides treated wood products, wood preservation chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally.

IAMGOLD

Market Cap: US$15.9b

Through its subsidiaries, operates as a gold producer and developer in Canada and Burkina Faso.

Scotts Miracle-Gro

Market Cap: US$3.6b

Engages in the manufacture, marketing, and sale of products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally.

SSR Mining

Market Cap: US$10.0b

Engages in the acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina.

Axalta Coating Systems

Market Cap: US$6.1b

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.

Capstone Copper

Market Cap: US$9.1b

A copper mining company, mines, explores for, and develops mineral properties in the United States, Chile, and Mexico.

Interfor

Market Cap: US$661.0m

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

Fortuna Mining

Market Cap: US$4.4b

Engages in the precious and base metal mining and related activities in Argentina, Côte d’Ivoire, Mexico, Peru, and Senegal.

Tessenderlo Group

Market Cap: US$1.2b

Engages in the agriculture, valorizing bio-residuals, machinery, mechanical engineering, electronics, energy, and industrial solution businesses worldwide.

Fuchs

Market Cap: US$4.6b

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

Olin

Market Cap: US$3.2b

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

Zijin Mining Group

Market Cap: US$880.0b

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

Aspen Aerogels

Market Cap: US$309.8m

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.

Ferroglobe

Market Cap: US$789.4m

Produces and sells silicon metal, and silicon and manganese-based alloys.

Avery Dennison

Market Cap: US$13.4b

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

Regis Resources

Market Cap: US$5.6b

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

Anhui Conch Cement

Market Cap: US$114.7b

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

AirBoss of America

Market Cap: US$217.8m

Manufactures and sells rubber-based products in Canada, the United States, and internationally.

Nutrien

Market Cap: US$48.4b

Provides crop inputs and services.

Kingsgate Consolidated

Market Cap: US$1.4b

Engages in the exploration, development, and mining of mineral properties.

CF Industries Holdings

Market Cap: US$18.3b

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

Resolute Mining

Market Cap: US$3.2b

Engages in mining, prospecting, and exploration of mineral properties in Africa.