U.S. Materials Potentially Undervalued Companies

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.

Boliden

Market Cap: US$100.5b

Engages in the extracting, producing, and recycling of base metals in Sweden, Finland, other Nordic region, Germany, the United Kingdom, Europe, North America, and internationally.

Nippon Kayaku

Market Cap: US$217.3b

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

Canfor Pulp Products

Market Cap: US$24.1m

Produces and supplies pulp and paper products worldwide.

D&L Industries

Market Cap: US$35.8b

Provides products for food ingredients, oleochemicals for personal and home care use, raw materials for plastic products, and aerosol products in the Philippines and internationally.

Akzo Nobel

Market Cap: US$10.6b

Produces and sells paints and coatings worldwide.

Kansai Paint

Market Cap: US$435.9b

Manufactures and sells paints and coatings in Japan, India, Asia, Africa, Europe, and internationally.

Umicore

Market Cap: US$3.3b

Operates as a materials technology and recycling company in Belgium, Europe, the Asia-Pacific, North America, South America, and Africa.

G Mining Ventures

Market Cap: US$6.2b

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

Givaudan

Market Cap: US$29.8b

Manufactures, supplies, and sells fragrance, beauty, taste, and wellbeing products to the consumer goods industry.

Probe Gold

Market Cap: US$605.9m

A precious metal exploration company, engages in the acquisition, exploration, and development of gold properties in Canada.

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.

Glencore

Market Cap: US$39.0b

Engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania.

DuPont de Nemours

Market Cap: US$32.4b

Provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa.

Amcor

Market Cap: US$18.7b

Engages in the production and sale of packaging products in Europe, North America, Latin America, and the Asia Pacific.

Akzo Nobel

Market Cap: US$10.5b

Produces and sells paints and coatings worldwide.

Vox Royalty

Market Cap: US$271.3m

Operates as a mining royalty company.

Metals X

Market Cap: US$651.5m

Engages in the production of tin in Australia.

LSB Industries

Market Cap: US$575.5m

Engages in the manufacture, marketing, and sale of chemical products in the United States.

Buzzi

Market Cap: US$8.7b

Manufactures, distributes, and sells cement, ready-mix concrete, and aggregates.

Novozymes

Market Cap: US$179.3b

Produces and sells industrial enzymes, functional proteins, and microorganisms in Denmark, rest of Europe, North America, the Asia Pacific, the Middle East, Africa, Latin America, and internationally.

Element Solutions

Market Cap: US$6.2b

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

AngloGold Ashanti

Market Cap: US$35.0b

Operates as a gold mining company in Africa, Australia, and the Americas.

UPM-Kymmene Oyj

Market Cap: US$12.3b

Engages in the forest-based bioindustry in Europe, North America, Asia, and internationally.

Dyno Nobel

Market Cap: US$5.5b

Manufactures and distributes commercial explosives in in the United States, Australia, and Mexico.

Hill & Smith

Market Cap: US$1.4b

Manufactures and supplies infrastructure products in the United Kingdom, rest of Europe, North America, the Middle East, rest of Asia, and internationally.

Nippon Shokubai

Market Cap: US$239.7b

Engages in the manufacture and sale of various chemical products in Japan and internationally.

Zeon

Market Cap: US$297.0b

Engages in the elastomers, specialty materials, and other businesses in Japan, North America, Europe, and Asia.

Maruichi Steel Tube

Market Cap: US$282.5b

Manufactures and sells steel tubes, surface treated steel sheets, and poles in Japan, North America, and Asia.

Ultrafabrics HoldingsLtd

Market Cap: US$19.9b

Manufactures and sells polyurethane leather products in Japan, North America, Europe, and internationally.

China Oriental Group

Market Cap: US$4.9b

Manufactures and sells iron and steel products for downstream steel manufacturers in the People’s Republic of China.

Voestalpine

Market Cap: US$5.0b

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

South32

Market Cap: US$11.6b

Operates as a diversified metals and mining company.

Turaco Gold

Market Cap: US$488.7m

Engages in the mineral exploration of gold deposits in Cote d’Ivoire.

PETRONAS Chemicals Group Berhad

Market Cap: US$35.0b

An investment holding company, engages in production and sale of chemicals.