U.S. Materials Potentially Undervalued Companies

Lenzing

Market Cap: US$1.0b

Produces and markets regenerated cellulosic fibers for textiles and nonwovens.

LINTEC

Market Cap: US$186.3b

Develops, manufactures, and sells adhesive-related products in Japan and internationally.

Cementir Holding

Market Cap: US$2.3b

Operates in the building materials sector in Italy, Nordic and Baltic, Belgium, North America, Türkiye, Egypt, and the Asia Pacific.

Borregaard

Market Cap: US$19.7b

Engages in the development, production, and marketing of specialized biochemicals and biomaterials in Norway, rest of Europe, Asia, the United States, and internationally.

Burgundy Diamond Mines

Market Cap: US$27.0m

A resources company, focuses on the mining, production, cutting, polishing, grading, and sale of diamonds.

Covestro

Market Cap: US$10.3b

Supplies high-tech polymer materials and application solutions.

Bradda Head Lithium

Market Cap: US$5.5m

Engages in the exploration and development of lithium deposits and resources in the United States.

HEXPOL

Market Cap: US$30.3b

Develops, manufactures, and sells various polymer compounds and engineered gaskets, seals, and wheels in Sweden, rest of Europe, the United States, rest of the Americas, and Asia.

Wienerberger

Market Cap: US$3.2b

Produces and sells clay blocks, facing bricks, roof tiles, and pavers in Europe West, Europe East, and North America.

Capital

Market Cap: US$202.1m

Provides drilling, mining, mineral assaying, and surveying services.

Aurelia Metals

Market Cap: US$406.2m

Engages in the exploration and production of mineral properties in Australia.

Boliden

Market Cap: US$100.2b

Engages in the extracting, producing, and recycling of base metals in Sweden, Finland, other Nordic region, Germany, the United Kingdom, Europe, North America, and internationally.

Canaf Investments

Market Cap: US$16.6m

Owns and operates a coal processing business in South Africa.

Kobe Steel

Market Cap: US$710.2b

Engages in the materials, machinery, and power businesses internationally.

Vitreous Glass

Market Cap: US$37.4m

Vitreous Glass Inc. cleans, crushes, and sells waste glass to the fiberglass manufacturing industry in Canada.

Orvana Minerals

Market Cap: US$86.1m

A mining and exploration company, engages in the evaluation, development, and mining of gold, copper, silver, and other precious and base metal deposits.

Evonik Industries

Market Cap: US$7.0b

Produces and sells specialty chemicals in the Asia-Pacific, Europe, the Middle East, Africa, Central and South America, and North America.

Sinofert Holdings

Market Cap: US$9.6b

An investment holding company, engages in the production, import and export, distribution, and retail of fertilizer raw materials and crop nutrition products in Mainland China and internationally.

West Fraser Timber

Market Cap: US$7.5b

A diversified wood products company, engages in manufacturing, selling, marketing, and distributing lumber, engineered wood products, pulp, newsprint, wood chips, and other residuals and renewable energy.

Solvay

Market Cap: US$2.8b

Provides basic and performance chemicals worldwide.

Harmony Gold Mining

Market Cap: US$197.9b

Engages in the exploration, extraction, and processing of mineral properties in South Africa, Papua New Guinea, and Australasia.

Macmahon Holdings

Market Cap: US$917.3m

Provides surface mining, underground mining and mining support, and civil infrastructure services to mining companies in Australia and Southeast Asia.

Flotek Industries

Market Cap: US$394.0m

Operates as a technology-driven green chemistry and data company that serves customers across industrial and commercial markets in the United States, the United Arab Emirates, and internationally.

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.

Shin-Etsu Chemical

Market Cap: US$8.9t

Provides infrastructure, electronics, and functional materials in Japan.

South32

Market Cap: US$11.6b

Operates as a diversified metals and mining company.

Asahi Kasei

Market Cap: US$1.6t

Manufactures and sells chemicals.

Aperam

Market Cap: US$2.0b

Produces and sells stainless steel and alloy products worldwide.

Outokumpu Oyj

Market Cap: US$1.7b

Produces and sells various stainless steel products in Finland, Germany, Italy, the United Kingdom, other European countries, North America, the Asia-Pacific, and internationally.

Fuchs

Market Cap: US$4.5b

Develops, produces, and distributes lubricants and functional fluids in Europe, the Middle East, Africa, the Asia Pacific, and North and South America.

Tosoh

Market Cap: US$720.7b

Manufactures and sells basic chemicals, petrochemicals, specialty products, and fine chemicals worldwide.

Freeport-McMoRan

Market Cap: US$65.1b

Engages in the mining of mineral properties in North America, South America, and Indonesia.

Jastrzebska Spólka Weglowa

Market Cap: US$3.1b

Engages in the extraction, production, and sale of coal, coke, and hydrocarbons in Poland, Austria, Czech Republic, Germany, Slovakia, Belgium, Spain, Norway, Switzerland, Romania, Singapore, Italy, Luxembourg, Holland, France, and internationally.

PTT Global Chemical

Market Cap: US$126.2b

Operates as a chemical company in Thailand and internationally.

KH Neochem

Market Cap: US$79.2b

Researches, manufactures, and sells of petrochemical products in Japan and internationally.

Verallia Société Anonyme

Market Cap: US$3.3b

Manufactures and sells glass packaging products for beverages and food products worldwide.