U.S. Materials Potentially Undervalued Companies

Sika

Market Cap: US$27.9b

A specialty chemicals company, develops, produces, and sells systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and motor vehicle industry worldwide.

Braskem

Market Cap: US$6.7b

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

Syensqo

Market Cap: US$6.9b

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

Rio Tinto Group

Market Cap: US$80.9b

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

Aimia

Market Cap: US$292.0m

Invests in public and private companies.

Robertet

Market Cap: US$1.5b

Produces and sells perfumes, aromas, and natural products.

Yodogawa Steel Works

Market Cap: US$102.3b

Engages in the manufacture and sales of steel products for industrial and consumer products in Japan.

Ardiden

Market Cap: US$9.4m

Operates as a gold exploration company in Australia and Canada.

RHI Magnesita

Market Cap: US$1.5b

Develops, produces, sells, installs, and maintains refractory products and systems used in industrial high-temperature processes worldwide.

Indocement Tunggal Prakarsa

Market Cap: US$17.8t

Manufactures and sells cement and ready-mix concrete products in Indonesia and internationally.

Tokai Carbon

Market Cap: US$217.4b

Manufactures and sells carbon-related products and services in Japan.

Petra Diamonds

Market Cap: US$23.7m

Engages in the mining, processing, sorting, and sale of rough diamonds in South Africa and Tanzania.

Tokyo Ohka Kogyo

Market Cap: US$565.5b

Manufactures and sells chemical products and process equipment in Japan and internationally.

Metals Exploration

Market Cap: US$365.9m

Metals Exploration plc identifies, acquires, explores for, and develops mining and processing properties in the United Kingdom and the Philippines.

Lenzing

Market Cap: US$1.0b

Produces and markets regenerated cellulosic fibers for textiles and nonwovens.

ArcelorMittal South Africa

Market Cap: US$1.6b

Manufactures and sells steel products in South Africa and internationally.

5E Advanced Materials

Market Cap: US$81.9m

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

Andrada Mining

Market Cap: US$57.0m

Engages in the exploration and development of mineral projects in Namibia and South Africa.

Anhui Conch Cement

Market Cap: US$130.5b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

Taiheiyo Cement

Market Cap: US$436.2b

Engages in the cement, mineral resources, environmental, construction materials, and other businesses in Japan and internationally.

China National Building Material

Market Cap: US$41.6b

An investment holding company, engages in building material, new materials, and engineering technical services businesses.

PILLAR

Market Cap: US$96.1b

Designs, develops, manufactures, and sells various fluid control equipment in Japan and internationally.

Denarius Metals

Market Cap: US$71.8m

Engages in the acquisition, exploration, development, and operation of mineral properties in Spain and Colombia.

FPX Nickel

Market Cap: US$113.3m

A junior nickel mining company, engages in the acquisition, exploration, and development of mineral resource properties in Canada.

Nutrien

Market Cap: US$37.9b

Provides crop inputs and services.

Madoro Metals

Market Cap: US$1.8m

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

Greystone Logistics

Market Cap: US$30.5m

Through its subsidiaries, manufactures and markets plastic pallets and pelletized recycled plastic resins in the United States.

Majestic Gold

Market Cap: US$172.0m

A mining company, focuses on exploration, development, and operation of mining properties in China.

Richards Packaging Income Fund

Market Cap: US$367.0m

Designs, manufactures, and distributes packaging containers and healthcare supplies and products in North America.

Alpha Metallurgical Resources

Market Cap: US$2.1b

A mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia.

Aspen Aerogels

Market Cap: US$586.4m

An aerogel technology company, designs, develops, manufactures, and sells aerogel materials primarily for use in the energy industrial, sustainable insulation materials, and electric vehicle (EV) markets in the United States, Canada, Asia, Europe, and Latin America.

ALPEK. de

Market Cap: US$20.2b

Alpek, S.A.B. de C.V., together with its subsidiaries, operates as a petrochemical company in Mexico and internationally.

Aurubis

Market Cap: US$4.4b

Processes metal concentrates and recycling materials in Germany.

MMG

Market Cap: US$69.7b

An investment holding company, engages in the exploration, development, and mining of mineral properties.

AIC Mines

Market Cap: US$287.1m

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

Mitsubishi Gas Chemical Company

Market Cap: US$532.3b

Manufactures and sells basic and fine chemicals, and functional materials in Japan.