U.S. Materials Potentially Undervalued Companies

James Hardie Industries

Market Cap: US$17.3b

Engages in the manufacture and sale of fiber cement, fiber gypsum, and cement bonded building products for interior and exterior building construction applications primarily in the United States, Australia, Europe, New Zealand, and the Philippines.

Crown Holdings

Market Cap: US$11.2b

Engages in the packaging business in the United States and internationally.

LANXESS

Market Cap: US$2.4b

Operates as a specialty chemicals company that engages in the development, manufacture, and marketing of chemical intermediates, additives, specialty chemicals, and consumer protection products worldwide.

Louisiana-Pacific

Market Cap: US$6.5b

Provides building solutions for applications in new home construction, repair and remodeling, and outdoor structure markets.

LANXESS

Market Cap: US$2.4b

Operates as a specialty chemicals company that engages in the development, manufacture, and marketing of chemical intermediates, additives, specialty chemicals, and consumer protection products worldwide.

Gold Royalty

Market Cap: US$262.5m

A precious metals-focused royalty company, provides financing solutions to the metals and mining industry.

Breedon Group

Market Cap: US$1.6b

Engages in the quarrying, manufacture, and sale of construction materials and building products primarily in the United Kingdom and internationally.

Buzzi

Market Cap: US$8.9b

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

Coeur Mining

Market Cap: US$4.9b

Operates as a gold and silver producer in the United States, Canada, and Mexico.

Zeon

Market Cap: US$297.0b

Engages in the elastomers, specialty materials, and other businesses.

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.

Nickel Asia

Market Cap: US$35.4b

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

Ultrafabrics HoldingsLtd

Market Cap: US$19.9b

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

Nippon Shokubai

Market Cap: US$239.7b

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

Clean Energy Transition

Market Cap: US$1.5m

A mining company, focuses on selling dimensional limestone for landscape applications in Canada.

Hill & Smith

Market Cap: US$1.5b

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

Corbion

Market Cap: US$1.1b

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.

Voestalpine

Market Cap: US$4.2b

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

Holcim

Market Cap: US$54.1b

Provides building materials and solutions worldwide.

Lion Copper and Gold

Market Cap: US$57.5m

A mineral exploration company, engages in the acquisition, exploration, and development of copper projects in the United States.

TRX Gold

Market Cap: US$121.3m

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

First Majestic Silver

Market Cap: US$3.9b

Engages in the acquisition, exploration, development, and production of mineral properties in North America.

NGEx Minerals

Market Cap: US$2.5b

Engages in the acquisition, exploration, and development of mineral properties in South America.

Mosaic

Market Cap: US$10.9b

Through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in the United States, Brazil, China, Canada, Paraguay, Argentina, Japan, Colombia, India, Australia, Peru, Mexico, Honduras, the Dominican Republic, Thailand, Indonesia, and internationally.

Robertet

Market Cap: US$1.6b

Produces and sells perfumes, aromas, and natural products.

Sayona Mining

Market Cap: US$184.7m

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

Stepan

Market Cap: US$1.2b

Produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products worldwide.

SSR Mining

Market Cap: US$3.0b

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

Capstone Copper

Market Cap: US$5.5b

A copper mining company, mines, explores for, and develops mineral properties in the United States, Chile, and Mexico.

ATEX Resources

Market Cap: US$576.6m

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

Integra Resources

Market Cap: US$411.8m

A precious metals producer, engages in the acquisition, exploration, and development of mineral properties in the Great Basin of the Western United States.

Empress Royalty

Market Cap: US$66.4m

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

G2 Goldfields

Market Cap: US$733.5m

Engages in the acquisition and exploration of mineral properties in Canada and Guyana.

Vulcan Energy Resources

Market Cap: US$994.3m

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

Braskem

Market Cap: US$8.6b

Engages in the manufacture, sale, import, and export of chemicals, petrochemicals, and fuels in Brazil.

Rio Tinto Group

Market Cap: US$80.4b

Engages in exploring, mining, and processing mineral resources worldwide.