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$443.8m

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.

Eastman Chemical

Market Cap: US$7.2b

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

Allied Gold

Market Cap: US$2.9b

Explores and produces mineral deposits in Africa.

Canfor

Market Cap: US$1.4b

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

Chemtrade Logistics Income Fund

Market Cap: US$1.8b

Offers industrial chemicals and services in Canada, the United States, and South America.

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$1.8b

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

G Mining Ventures

Market Cap: US$6.7b

A mining company, engages in the acquisition, exploration, and development of precious metal projects.

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$22.0b

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

Minerals Technologies

Market Cap: US$1.8b

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

Eagle Materials

Market Cap: US$6.5b

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

Crown Holdings

Market Cap: US$11.5b

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

Ball

Market Cap: US$12.8b

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$6.3b

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.

Wesdome Gold Mines

Market Cap: US$3.2b

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

Mosaic

Market Cap: US$8.1b

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

Zijin Mining Group

Market Cap: US$795.5b

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

Regis Resources

Market Cap: US$5.3b

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

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.

Fortescue

Market Cap: US$62.2b

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

Aspen Aerogels

Market Cap: US$266.1m

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.

CF Industries Holdings

Market Cap: US$13.2b

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.

Ferroglobe

Market Cap: US$712.9m

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

American Vanguard

Market Cap: US$144.9m

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

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.

Harmony Gold Mining

Market Cap: US$186.5b

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

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.

Western Forest Products

Market Cap: US$117.5m

Operates as an integrated softwoods forest products company in Canada, the United States, Japan, China, Europe, 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.

Sasol

Market Cap: US$77.2b

Operates as a chemical and energy company.

Anglo American

Market Cap: US$30.8b

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

Magnera

Market Cap: US$323.2m

Manufactures and sells non-woven and related products worldwide.