U.S. Materials Potentially Undervalued Companies

Tharisa

Market Cap: US$5.6b

An investment holding company, engages in the mining, processing beneficiation, marketing, sale, and logistics of platinum group metals (PGMs) and chrome concentrates in South Africa, China, Singapore, Hong Kong, the United States, Australia, Japan, and internationally.

Iron Road

Market Cap: US$27.4m

Explores for and evaluates iron ore properties in Australia.

Aneka Tambang

Market Cap: US$68.2t

Operates as a diversified metals and mining company in Indonesia.

Antioquia Gold

Market Cap: US$1.1k

Engages in the exploration, evaluation, and mining of gold resource properties in Colombia.

Treatt

Market Cap: US$160.2m

Manufactures and supplies various natural extracts and ingredients to beverage, flavor, fragrance, and consumer goods markets.

Indorama Ventures

Market Cap: US$125.2b

Manufactures and distributes petrochemical products in Thailand, the United States, Brazil, and internationally.

Corbion

Market Cap: US$996.4m

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.

China BlueChemical

Market Cap: US$11.0b

Engages in the processing of natural gas and the development, production, and sale of chemical fertilizers and chemical products in the People’s Republic of China and internationally.

Vitro. de

Market Cap: US$2.6b

Through its subsidiaries, manufactures, processes, distributes, and sells glass products worldwide.

DSM-Firmenich

Market Cap: US$18.6b

Provides nutrition, health, and beauty solutions in Switzerland, the Netherlands, rest of Europe, the Middle East and Africa, North America, Latin America, China, and rest of Asia.

Nippon Paint Holdings

Market Cap: US$2.3t

Engages in the paints and fine chemicals businesses.

Grange Resources

Market Cap: US$260.4m

Owns and operates integrated iron ore mining and pellet production business in Australia and internationally.

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.

Mount Gibson Iron

Market Cap: US$436.8m

Engages in the mining, processing, shipment, export, and sale of hematite iron ore in Australia and China.

Shougang Fushan Resources Group

Market Cap: US$14.1b

An investment holding company, engages in the business of coking coal mining and production and sales of coking coal products in the People's Republic of China.

Synthomer

Market Cap: US$120.2m

Manufactures and supplies specialised polymers and ingredients for coatings, construction, adhesives, and health and protection sectors.

Coronado Global Resources

Market Cap: US$486.2m

Produces, markets, and exports metallurgical coal in Asia, North America, South America, Europe, Australia, and internationally.

Vidrala

Market Cap: US$3.1b

Manufactures and sells glass containers for food and beverage products in the United Kingdom, Ireland, Italy, Iberian Peninsula, rest of Europe, and Brazil.

Metro Mining

Market Cap: US$555.0m

Operates as an exploration and mining company in China.

Ascot Resources

Market Cap: US$66.9m

Engages in the exploration, evaluation, and development of mineral properties in the United States and Canada.

Amaroq

Market Cap: US$613.0m

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

Kenmare Resources

Market Cap: US$276.6m

Engages in the production and sale of mineral sand products in China, rest of Asia, Europe, the United States, and internationally.

Yara International

Market Cap: US$95.4b

Provides crop nutrition and industrial solutions in Norway, European Union, Europe, Africa, Asia, North and Latin America, Australia, and New Zealand.

Tarachi Gold

Market Cap: US$4.8m

Engages in the exploration and evaluation of mineral properties.

SIG Group

Market Cap: US$3.3b

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

NewMarket

Market Cap: US$7.7b

Through its subsidiaries, primarily engages in the manufacture and sale of petroleum additives.

Luca Mining

Market Cap: US$435.5m

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

Wacker Chemie

Market Cap: US$3.2b

Provides chemical products worldwide.

Canfor

Market Cap: US$1.5b

Operates as an integrated forest products company in the United States, Asia, Canada, Europe, and internationally.

Soma Gold

Market Cap: US$153.6m

A natural resource company, engages in the acquisition, exploration, and development of mineral properties in Columbia.

IBC Advanced Alloys

Market Cap: US$9.1m

Develops, produces, and sells specialty alloy products in China, the Netherlands, Japan, Canada, Germany, Taiwan, and internationally.

Heidelberg Materials

Market Cap: US$35.0b

Produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide.

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.

Titan Mining

Market Cap: US$191.8m

A natural resource company, acquires, explores, develops, produces, and extracts mineral properties.

Materion

Market Cap: US$2.5b

Produces advanced engineered materials in the United States, Asia, Europe, and internationally.

Ryerson Holding

Market Cap: US$727.1m

Processes and distributes industrial metals in the United States and internationally.