U.S. Materials Potentially Undervalued Companies

Sandfire Resources

Market Cap: US$4.2b

A mining company, engages in the exploration, evaluation, and development of mineral tenements and projects.

Regis Resources

Market Cap: US$1.9b

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

Borregaard

Market Cap: US$18.3b

Engages in the development, production, and marketing of specialized biochemicals and biomaterials in Norway, rest of Europe, Asia, the United States, and internationally.

Toagosei

Market Cap: US$165.1b

Manufactures, distributes, and sells chemical products.

Aurubis

Market Cap: US$4.3b

Processes metal concentrates and recycling materials in Germany.

Boab Metals

Market Cap: US$62.8m

Engages in the exploration and development of mineral tenements in Australia.

Pan African Resources

Market Cap: US$1.8b

Engages in the mining, extraction, production, and sale of gold in South Africa.

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.

Optegra Ventures

Market Cap: US$176.4k

A natural resource company, engages in the acquisition, exploration, and development of mineral properties.

Savannah Resources

Market Cap: US$97.0m

Engages in the exploration and development of lithium properties.

PTT Global Chemical

Market Cap: US$118.4b

Operates as a chemical company in Thailand and internationally.

CCL Industries

Market Cap: US$13.8b

Manufactures and sells labels, consumer printable media products, technology-driven label solutions, polymer banknote substrates, and specialty films.

Mondi

Market Cap: US$4.5b

Engages in the manufacture and sale of packaging and paper solutions in Africa, Western Europe, Emerging Europe, Russia, North America, South America, Asia, and Australia.

Heliostar Metals

Market Cap: US$459.5m

Engages in the identification, acquisition, evaluation, and exploration of mineral properties in North America.

CCL Industries

Market Cap: US$13.8b

Manufactures and sells labels, consumer printable media products, technology-driven label solutions, polymer banknote substrates, and specialty films.

Imdex

Market Cap: US$1.7b

A mining-tech company, provides drilling products, rock knowledge sensors, and data and analytics for the minerals industry in the Asia-Pacific, the Middle East, Africa, Europe, and the Americas.

Ramelius Resources

Market Cap: US$7.1b

Engages in the exploration, evaluation, mine development and operation, production, and sale of gold.

Alto Ingredients

Market Cap: US$85.1m

Produces, distributes, and markets specialty alcohols, renewable fuel, and essential ingredients in the United States.

Sonoco Products

Market Cap: US$4.5b

Designs, develops, manufactures, and sells various engineered and sustainable packaging products in the United States, Europe, Canada, the Asia Pacific, and internationally.

Amrize

Market Cap: US$21.7b

Focuses on building materials business in North America.

DRDGOLD

Market Cap: US$2.4b

A gold mining company, engages in the extraction of gold from the retreatment of surface mine tailings in South Africa.

Voestalpine

Market Cap: US$5.0b

Processes, develops, manufactures, and sells steel products in Austria, the European Union, and internationally.

Warrior Met Coal

Market Cap: US$3.3b

Engages in the production and export of non-thermal steelmaking coal for the steel production by metal manufacturers in Europe, South America, and Asia.

Orla Mining

Market Cap: US$4.9b

Acquires, explores, develops, and exploits mineral properties.

Orion

Market Cap: US$455.4m

Engages in the manufacture and sale of carbon black products.

Reliance

Market Cap: US$14.9b

Operates as a diversified metal solutions provider and metals service center company primarily in the United States and Canada.

Evolution Mining

Market Cap: US$20.7b

Engages in the exploration, mine development and operation, and sale of gold and gold-copper concentrates in Australia and Canada.

CEMATRIX

Market Cap: US$51.8m

Through its subsidiaries, engages in the onsite production of cellular concrete for infrastructure, industrial, and commercial construction markets in North America.

Nitto Denko

Market Cap: US$2.3t

Primarily engages in the adhesive tapes business in Japan, the Americas, Europe, Asia, and Oceania.

Smurfit Westrock

Market Cap: US$22.8b

Manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products.

AptarGroup

Market Cap: US$8.7b

Designs and manufactures a range of drug delivery, consumer product dispensing, and active material science solutions and services for the pharmaceutical, beauty, personal care, home care, and food and beverage markets.

ICL Group

Market Cap: US$7.8b

Operates as a specialty minerals and chemicals company worldwide.

Compass Minerals International

Market Cap: US$774.6m

Provides essential minerals in the United States, Canada, the United Kingdom, and internationally.

Constellium

Market Cap: US$2.1b

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.

Core Molding Technologies

Market Cap: US$185.0m

Operates as a molder of thermoplastic and thermoset structural products.

Wolfden Resources

Market Cap: US$31.5m

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