U.S. Materials Potentially Undervalued Companies

Vale Indonesia

Market Cap: US$42.6t

Engages in the mining and processing of nickel in Indonesia.

Imerys

Market Cap: US$1.9b

Engages in the supply of specialty minerals for various industries across Europe, the Middle East, Africa, Asia Pacific, and America.

PPC

Market Cap: US$8.0b

Engages in the production and sale of cement, aggregates, ready mix concrete, and fly ash in South Africa, Botswana, and Zimbabwe.

Nissan Chemical

Market Cap: US$729.8b

Engages in the chemicals, performance materials, agricultural chemicals, and pharmaceuticals businesses in Japan and internationally.

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.

Aldebaran Resources

Market Cap: US$375.5m

Engages in the acquisition, exploration, and evaluation of mineral properties in Canada and Argentina.

CF Industries Holdings

Market Cap: US$14.1b

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.

Packaging Corporation of America

Market Cap: US$19.1b

Manufactures and sells containerboard and uncoated freesheet (UFS) paper products in North America.

Gold Fields

Market Cap: US$649.1b

Operates as a gold producer with reserves and resources in Australia, South Africa, Ghana, Peru, Chile, and Canada.

AirBoss of America

Market Cap: US$145.0m

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

Stella-Jones

Market Cap: US$4.3b

Manufactures and sells industrial pressure-treated wood products in Canada and the United States.

MAC Copper

Market Cap: US$1.0b

Focuses on operating and acquiring metals and mining businesses in Australia.

Symrise

Market Cap: US$10.4b

Operates as a supplier of fragrances, flavorings, cosmetic base materials and active ingredients, and functional ingredients and solutions in Europe, Africa, the Middle East, North America, the Asia Pacific, and Latin America.

Iluka Resources

Market Cap: US$2.7b

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.

Ecovyst

Market Cap: US$1.0b

Offers specialty catalysts and services in the United States and internationally.

Major Drilling Group International

Market Cap: US$909.0m

Provides contract drilling services to mining and mineral exploration companies in the United States, Canada, South and Central America, Australasia, and Africa.

Champion Iron

Market Cap: US$2.4b

Engages in the acquisition, exploration, development, and production of iron ore properties in Canada.

Vale

Market Cap: US$246.2b

Produces iron ore and nickel worldwide.

American Salars Lithium

Market Cap: US$652.6k

Engages in the acquisition and exploration of mineral properties.

Ivanhoe Mines

Market Cap: US$17.7b

Engages in the mining, development, and exploration of minerals and precious metals in Africa.

McEwen

Market Cap: US$801.9m

Engages in the exploration, development, production, and sale of gold and silver deposits in the United States, Canada, Mexico, and Argentina.

Israel

Market Cap: US$9.2b

Operates in the specialty minerals and chemical businesses in Europe, Asia, South America, North America, and internationally.

MEC

Market Cap: US$46.7b

Engages in the research and development, production, and sale of chemicals, equipment, and related materials used in the production of printed circuit boards in Japan, Taiwan, Hong Kong, China, Thailand, and Europe.

Fuji Seal International

Market Cap: US$138.5b

Engages in planning, proposal, development, manufacturing, and sales of packaging systems.

Western Areas

Market Cap: US$1.3b

Western Areas Limited mines for, processes, and sells nickel sulphide concentrates and other base metals in Australia.

Nippon Kayaku

Market Cap: US$217.3b

Engages in mobility and imaging, fine chemicals, and life sciences businesses in Japan.

Vale Indonesia

Market Cap: US$39.2t

Engages in the mining and processing of nickel in Indonesia.

Genesis Minerals

Market Cap: US$6.5b

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

Newmont

Market Cap: US$92.7b

Engages in the production and exploration of gold properties.

Acerinox

Market Cap: US$2.8b

Manufactures, process, and markets stainless steel products in Spain, the United States, Africa, Asia, Rest of Europe, and internationally.

DIC

Market Cap: US$344.6b

Manufactures and sells printing inks, organic pigments, and synthetic resins worldwide.

Salzgitter

Market Cap: US$1.3b

Engages in steel and technology businesses worldwide.

Knife River

Market Cap: US$4.3b

Provides aggregates-led construction materials and contracting services in the United States.

Forge Resources

Market Cap: US$43.5m

Engages in the exploration and development of natural resource properties in Canada, Colombia, and Mexico.

Core Lithium

Market Cap: US$254.2m

Engages in the development of lithium and various metal deposits in Northern Territory and South Australia.

Aclara Resources

Market Cap: US$457.6m

A mining company, engages in the exploration and development of rare-earth mineral resources in Chile, Brazil and Peru.