U.S. Materials Potentially Undervalued Companies

Ingevity

Market Cap: US$1.7b

Manufactures and sells activated carbon products, derivative specialty chemicals, and engineered polymers in North America, the Asia Pacific, Europe, the Middle East, Africa, and South America.

thyssenkrupp

Market Cap: US$5.8b

Operates as an industrial and technology company in Germany and internationally.

LANXESS

Market Cap: US$1.4b

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

Anglo Asian Mining

Market Cap: US$220.1m

Owns and operates gold, silver, and copper producing properties in the Republic of Azerbaijan.

Brightstar Resources

Market Cap: US$263.6m

Engages in the exploration, development, and mining of gold properties in Australia.

Gold Royalty

Market Cap: US$662.7m

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

Amcor

Market Cap: US$19.4b

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

AngloGold Ashanti

Market Cap: US$41.5b

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

1911 Gold

Market Cap: US$227.0m

Engages in the exploration and extraction of precious metals.

Versamet Royalties

Market Cap: US$1.1b

Operates as metals royalty and streaming company, engages in the acquiring and managing royalties, streams, and other similar interests on metals and mining operations and projects in Peru, Africa, Canada.

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 chemical products in Japan and internationally.

Tokyo Steel Manufacturing

Market Cap: US$146.9b

Manufactures and sells various steel products in Japan, Europe, Asia, and internationally.

Ultrafabrics HoldingsLtd

Market Cap: US$19.9b

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

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.

Voestalpine

Market Cap: US$5.0b

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

Zeon

Market Cap: US$297.0b

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

SIG Group

Market Cap: US$3.4b

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

Torque Metals

Market Cap: US$148.8m

Engages in exploration and evaluation of minerals properties in Australia.

St Barbara

Market Cap: US$598.8m

Engages in the exploration, development, mining, and sale of gold.

Syensqo

Market Cap: US$7.0b

Engages in the research, development, and production of advanced materials for industrial and consumer applications worldwide.

Oji Holdings

Market Cap: US$717.1b

Manufactures and sells pulp and paper products in Japan, China, rest of Asia, North and South America, Europe, Oceania, and internationally.

China Oriental Group

Market Cap: US$5.2b

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

TIMAH

Market Cap: US$23.2t

Engages in tin mining and smelting operations in Indonesia and internationally.

Turaco Gold

Market Cap: US$462.9m

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

West China Cement

Market Cap: US$16.0b

An investment holding company, manufactures and sells cement and cement products in the People’s Republic of China, Mozambique, Ethiopia, Democratic Republic of Congo, Other African countries, and internationally.

Vulcan Energy Resources

Market Cap: US$1.5b

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

First Majestic Silver

Market Cap: US$8.2b

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

Caledonia Mining

Market Cap: US$544.8m

Primarily operates a gold mine in Jersey.

Dow

Market Cap: US$15.1b

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.

Scotts Miracle-Gro

Market Cap: US$3.1b

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

ATEX Resources

Market Cap: US$723.6m

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

NexMetals Mining

Market Cap: US$81.3m

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

Koppers Holdings

Market Cap: US$544.1m

Provides treated wood products, wood preservation chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally.

G2 Goldfields

Market Cap: US$1.3b

Engages in the acquisition and exploration of mineral properties.

H.B. Fuller

Market Cap: US$3.0b

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products.