U.S. Materials Potentially Undervalued Companies

Chemtrade Logistics Income Fund

Market Cap: US$1.5b

Offers industrial chemicals and services in Canada, the United States, and South America.

Fortescue

Market Cap: US$58.8b

Engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally.

Arkema

Market Cap: US$4.2b

Manufactures and sells specialty materials in Europe, the United States, Canada, Mexico, China, Hong Kong, Taiwan, and internationally.

Transcontinental

Market Cap: US$1.7b

Engages in the flexible packaging business in Canada, the United States, Latin America, the United Kingdom, and internationally.

PPG Industries

Market Cap: US$24.0b

Manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa.

Anglo American

Market Cap: US$28.8b

Operates as a mining company in the United Kingdom and internationally.

Perseus Mining

Market Cap: US$6.4b

Explores, evaluates, develops, and mines for gold properties in Ghana, Côte d’Ivoire, Tanzania, and Sudan.

Methanex

Market Cap: US$4.2b

Produces and supplies methanol in Asia Pacific, North America, Europe, and South America.

International Flavors & Fragrances

Market Cap: US$16.0b

Manufactures and markets food, beverage, health and biosciences, scent, pharma solutions, and complementary adjacent products in the United States, Europe, and internationally.

Dynacor Group

Market Cap: US$187.1m

Engages in the exploration, development, and mining of minerals properties in Peru.

Minerals Technologies

Market Cap: US$1.9b

Develops, produces, and markets various mineral, mineral-based, and related systems and services.

Ternium

Market Cap: US$6.7b

Manufactures and distributes steel products in Mexico, Southern Region, Brazil, and internationally.

Vault Minerals

Market Cap: US$4.5b

Engages in the exploration, mine development, mine operations and the sale of gold and gold/copper concentrate in Australia and Canada.

LANXESS

Market Cap: US$1.9b

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.

Mativ Holdings

Market Cap: US$642.4m

Manufactures and sells specialty materials in the United States, Europe, the Asia Pacific, the Americas, and internationally.

Eldorado Gold

Market Cap: US$8.0b

Engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, and Greece.

Aluminum Corporation of China

Market Cap: US$138.2b

Primarily engages in the exploration and mining of bauxite, coal, and other resources in the People's Republic of China and internationally.

thyssenkrupp

Market Cap: US$7.2b

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

Celanese

Market Cap: US$4.7b

A chemical and specialty materials company, manufactures and sells engineered polymers worldwide.

Suzano

Market Cap: US$62.0b

Manufactures and sells pulp and paper products in Brazil and internationally.

Breedon Group

Market Cap: US$1.2b

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

Fortuna Mining

Market Cap: US$3.6b

Engages in the precious and base metal mining and related activities in Argentina, Burkina Faso, Côte d’Ivoire, Mexico, Peru, and Senegal.

Century Aluminum

Market Cap: US$2.5b

Produces and sells standard-grade and value-added primary aluminum products in the United States and Iceland.

IAMGOLD

Market Cap: US$9.6b

Through its subsidiaries, operates as a gold producer and developer in Canada and Burkina Faso.

Huhtamäki Oyj

Market Cap: US$3.1b

Provides packaging solutions in the United States, Germany, the United Kingdom, India, Turkey, Australia, Thailand, Poland, South Africa, Spain, Finland, and internationally.

Galiano Gold

Market Cap: US$793.5m

A mining, development, and exploration company.

Clearwater Paper

Market Cap: US$343.8m

Manufactures and supplies bleached paperboards in the United States and internationally.

Hochschild Mining

Market Cap: US$1.8b

A precious metals company, engages in the exploration, mining, processing, and sale of gold and silver deposits in Peru, Argentina, the United Kingdom, Canada, Brazil, and Chile.

Rayonier Advanced Materials

Market Cap: US$464.3m

Manufactures and sells cellulose specialty products in the United States, China, Europe, Japan, rest of Asia, Canada, Latin America, and internationally.

Klabin

Market Cap: US$22.1b

Produces and exports packaging paper and sustainable paper packaging solutions in Brazil and internationally.

Asahi Kasei

Market Cap: US$1.6t

Manufactures and sells chemicals.

Stepan

Market Cap: US$1.1b

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

Blue Moon Metals

Market Cap: US$190.6m

Engages in the exploration and development of mineral resource properties in Norway and the United States.

Wesdome Gold Mines

Market Cap: US$3.1b

Wesdome Gold Mines Ltd. mines, develops, and explores for gold and silver deposits in Canada.

Zijin Mining Group

Market Cap: US$756.8b

Engages in the exploration, mining, processing, refining, and sale of gold, non-ferrous metals, and other mineral resources in Mainland China and internationally.

Holcim

Market Cap: US$36.5b

Provides building materials and solutions worldwide.