U.S. Materials Potentially Undervalued Companies

SIG Group

Market Cap: US$3.3b

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

5N Plus

Market Cap: US$1.4b

Produces and sells specialty semiconductors and performance materials in the Americas, Europe, Asia, and internationally.

Labrador Iron Ore Royalty

Market Cap: US$1.8b

Through its subsidiary, Hollinger-Hanna Limited, holds a 15.10% equity interest in Iron Ore Company of Canada that produces and processes iron ores in Canada.

CEMEX. de

Market Cap: US$243.4b

Engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide.

B2Gold

Market Cap: US$9.0b

Operates as a gold producer company in Canada.

Nippon Paint Holdings

Market Cap: US$2.3t

Engages in the paints and fine chemicals businesses.

Indorama Ventures

Market Cap: US$126.9b

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

Treatt

Market Cap: US$160.2m

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

Nucor

Market Cap: US$31.0b

Engages in the manufacture and sale of steel and steel products.

Corbion

Market Cap: US$967.9m

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.

Turquoise Hill Resources

Market Cap: US$8.7b

Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company.

Tokai Carbon

Market Cap: US$194.7b

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

PTT Global Chemical

Market Cap: US$211.9b

Operates as a chemical company in Thailand and internationally.

Yamato Kogyo

Market Cap: US$553.8b

Through its subsidiaries, engages in the manufacture and sale of steel products in Japan, and internationally.

Navigator Company

Market Cap: US$2.4b

Manufactures and markets pulp and paper products worldwide.

Keppel Infrastructure Trust

Market Cap: US$2.7b

A listed business trust.

Sasol

Market Cap: US$68.8b

Operates as a chemical and energy company.

Benguet

Market Cap: US$4.0b

Engages in the research, development, exploration, and production of gold, nickel, and other metallic and nonmetallic mineral, and natural resource projects in the Philippines.

Aeris Resources

Market Cap: US$369.1m

Engages in the production, exploration, and sale of precious metals in Australia.

Resonac Holdings

Market Cap: US$974.4b

Operates as a chemical company in Japan, China, rest of Asia, and internationally.

Titan

Market Cap: US$2.6b

Engages in the production, trade, and distribution of construction materials in Greece, the Balkans, Egypt, Türkiye, the United States, and Brazil.

Alleima

Market Cap: US$18.2b

Manufactures and sells stainless steels, special alloys, medical wires and components, and electric heating systems in Europe, North America, Asia, and internationally.

Jiangxi Copper

Market Cap: US$98.8b

Engages in mining, smelting, and processing of copper and gold in Chinese Mainland, China, Hong Kong, and internationally.

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.

Santacruz Silver Mining

Market Cap: US$908.9m

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

Dyno Nobel

Market Cap: US$5.5b

Manufactures and distributes commercial explosives in in the United States, Australia, and Mexico.

Covestro

Market Cap: US$10.8b

Supplies high-tech polymer materials and application solutions.

Sibanye Stillwater

Market Cap: US$129.3b

Operates as a precious metals mining company in South Africa, the United States, Europe, and Australia.

Mineral Resources

Market Cap: US$8.0b

Together with subsidiaries, provides mining services in Australia, Asia, and internationally.

Mercer International

Market Cap: US$188.6m

Manufactures and sells northern bleached softwood kraft (NBSK) and northern bleached hardwood kraft (NBHK) pulp in the United States, Germany, China, and internationally.

Symrise

Market Cap: US$10.4b

Operates as a supplier of fragrances, flavorings, cosmetic base materials and active ingredients, and functional ingredients and solutions in Europe, Africa, the Middle East, North America, the Asia Pacific, and Latin America.

Stanmore Resources

Market Cap: US$1.8b

Engages in the exploration, development, production, and sale of metallurgical coal in Australia.

Mesabi Trust

Market Cap: US$394.4m

A royalty trust, engages in iron ore mining business in the United States.

Chemours

Market Cap: US$2.5b

Provides performance chemicals in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America.

K+S

Market Cap: US$2.1b

Operates as a supplier of mineral products for the agricultural, industrial, consumer, and community sectors in Europe, the United States, Asia, Africa, and Oceania.

Nippon Steel

Market Cap: US$3.4t

Engages in steelmaking and steel fabrication, engineering, chemicals and materials, and system solutions businesses in Japan and internationally.