U.S. Materials Potentially Undervalued Companies

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.

Compañía de Minas BuenaventuraA

Market Cap: US$5.6b

Engages in the exploration, mining, concentration, smelting, and marketing of polymetallic ores and metals in Peru.

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.

Vulcan Energy Resources

Market Cap: US$1.2b

Engages in the geothermal energy, and lithium exploration and production activities in Europe, Germany, and Australia.

DSM-Firmenich

Market Cap: US$18.8b

Provides nutrition, health, and beauty solutions in Switzerland, the Netherlands, rest of Europe, the Middle East and Africa, North America, Latin America, China, and rest of Asia.

Elevra Lithium

Market Cap: US$562.6m

Engages in mineral identification, acquisition, exploration, and production in Australia and Canada.

Liberty Gold

Market Cap: US$282.6m

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

Empress Royalty

Market Cap: US$116.2m

Engages in creating and investing in a portfolio of precious metal royalty and streaming interests in Canada.

Ashland

Market Cap: US$2.3b

Provides additives and specialty ingredients in the North and Latin America, Europe, Asia Pacific, and internationally.

NexMetals Mining

Market Cap: US$122.3m

Through its subsidiaries, engages in the acquisition, exploration, and evaluation of mineral properties in Canada, Barbados, and Botswana.

Dow

Market Cap: US$16.2b

Through its subsidiaries, provides various materials science solutions for packaging, infrastructure, mobility, and consumer applications in the United States, Canada, Europe, the Middle East, Africa, India, the Asia Pacific, and Latin America.

TRX Gold

Market Cap: US$237.6m

A junior gold mining company, engages in the exploration, development, and production of mineral property in Tanzania.

Silver Tiger Metals

Market Cap: US$316.6m

Engages in the exploration and evaluation of mineral properties in Mexico.

ATEX Resources

Market Cap: US$736.4m

Engages in the exploration and evaluation of mineral properties in South America.

Pan American Silver

Market Cap: US$22.1b

Engages in the exploration, mine development, extraction, processing, refining, and reclamation of mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil.

SIG Group

Market Cap: US$3.3b

Provides aseptic carton packaging systems and solutions for beverage and liquid food products.

Kumba Iron Ore

Market Cap: US$104.9b

Engages in the exploration, extraction, beneficiation, marketing, sale, and shipping of iron ore for the steel industry in South Africa.

Sims

Market Cap: US$2.6b

Engages in buying, processing, and selling of ferrous and non-ferrous recycled metals in Australia, China, India, Thailand, Turkey, the United States, and internationally.

Aurion Resources

Market Cap: US$185.8m

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

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.

CRH

Market Cap: US$76.5b

Provides building materials solutions in Ireland, the United States, the United Kingdom, rest of Europe, and internationally.

Scotts Miracle-Gro

Market Cap: US$3.3b

Engages in the manufacture, marketing, and sale of products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally.

Neo Performance Materials

Market Cap: US$825.3m

Engages in the manufacture and sale of rare earth, magnetic powders, magnets, and rare metal-based functional materials in China, Japan, Thailand, South Korea, North America, Europe, and internationally.

Ball

Market Cap: US$13.2b

Supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally.

Contango Ore

Market Cap: US$287.0m

An exploration stage company, engages in the exploration and development of mineral properties in Alaska, the United States.