U.S. Materials Potentially Undervalued Companies

NV Bekaert

Market Cap: US$2.0b

Provides steel wire transformation and coating technologies worldwide.

Strategic Resources

Market Cap: US$22.4m

Engages in the acquisition, exploration, and development of iron, vanadium, titanium, and other metal properties in Canada and Finland.

West China Cement

Market Cap: US$16.7b

An investment holding company, manufactures and sells cement and cement products in the People’s Republic of China, Mozambique, Ethiopia, Democratic Republic of Congo, Other African countries, and internationally.

Johnson Matthey

Market Cap: US$3.3b

Engages in the clean air, catalyst and hydrogen technology, and platinum group metals (PGM) service businesses in the United Kingdom, Germany, rest of Europe, the United States, rest of North America, China, rest of Asia, and internationally.

Nickel Asia

Market Cap: US$46.8b

Engages in the mining and exploration of nickel saprolite, limonite ore, limestone, and quarry materials in the Philippines.

TFF Group

Market Cap: US$362.1m

Manufactures and distributes barrels and wood products for the aging of wines and alcohols in France, rest of Europe, the United States, Asia, and internationally.

Mount Gibson Iron

Market Cap: US$436.8m

Engages in the mining, processing, shipment, export, and sale of hematite iron ore in Australia and China.

Gem Diamonds

Market Cap: US$4.9m

Operates diamond mines.

DPM Metals

Market Cap: US$7.0b

A gold mining company, engages in the acquisition, exploration, development, mining, and processing of precious metals.

Imperial Metals

Market Cap: US$941.8m

Engages in the exploration, development, and production of base and precious metals in the United States, Switzerland, China, the Philippines, Singapore, and Canada.

Mosaic

Market Cap: US$10.8b

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

Titan America

Market Cap: US$2.9b

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

Bioceres Crop Solutions

Market Cap: US$104.7m

Provides crop productivity solutions.

Monument Mining

Market Cap: US$220.7m

Operates as a gold producer, engages in the acquisition, exploration, and development of gold, precious metals, and other base metal properties in Canada, Australia, and Malaysia.

SSR Mining

Market Cap: US$6.5b

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

Sealed Air

Market Cap: US$4.9b

Provides packaging solutions in the United States and internationally, Europe, the Middle East, Africa, and Asia Pacific.

Atico Mining

Market Cap: US$48.7m

Engages in the acquisition, exploration, and development of copper and gold projects in Latin America.

Itafos

Market Cap: US$531.4m

Operates as a phosphate and specialty fertilizer company.

Largo

Market Cap: US$164.2m

Engages in the development and sale of vanadium-based energy storage systems in Canada.

Shin-Etsu Chemical

Market Cap: US$8.9t

Provides infrastructure, electronics, and functional materials in Japan.

SSAB

Market Cap: US$53.8b

Engages in the production and sale of steel products in Sweden, Finland, the Rest of Europe, the United States, and internationally.

Greif

Market Cap: US$2.9b

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

Cabot

Market Cap: US$4.1b

Operates as a specialty chemicals and performance materials company.

ERAMET

Market Cap: US$1.6b

Produces and sells manganese and nickel in France, Europe, North America, China, Other Asia, Oceania, Africa, South America, and internationally.

Finlay Minerals

Market Cap: US$22.2m

Engages in the acquisition and exploration of base and precious metal deposits in northern British Columbia, Canada.

Tokuyama

Market Cap: US$270.2b

Produces and sells various chemical products in Japan.

Greatland Resources

Market Cap: US$4.9b

Operates as a gold and copper mining company.

K+S

Market Cap: US$2.1b

Operates as a supplier of mineral products for the agricultural, industrial, consumer, and community sectors in Europe, the United States, Asia, Africa, and Oceania.

Catalyst Metals

Market Cap: US$2.1b

Engages in the mineral exploration and evaluation in Australia.

Corbion

Market Cap: US$967.9m

Provides lactic acid and lactic acid derivatives, food preservation solutions, functional blends, and algae ingredients in the Netherlands, the United States, Asia, rest of North Americas, the rest of Europe, the Middle East, and Africa.

Cascades

Market Cap: US$981.2m

Produces, converts, and markets packaging and tissue products in Canada and the United States.

Barrick Mining

Market Cap: US$81.5b

Engages in the exploration, development, production, and sale of mineral properties.

BBMG

Market Cap: US$15.5b

An investment holding company, engages in green building materials, and property development and operation businesses in Asia, Europe, Africa, and internationally.

Tessenderlo Group

Market Cap: US$1.5b

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

Fuwei Films (Holdings)

Market Cap: US$27.1m

Fuwei Films (Holdings) Co., Ltd., through its subsidiaries, engages in the development, manufacture, and distribution of biaxially oriented polyethylene-terephthalate films in the People’s Republic of China.

Elopak

Market Cap: US$12.6b

Manufactures and supplies paper-based packaging solutions for liquid food in Europe, the Middle East, Africa, Asia, the Americas, and internationally.