U.S. Materials Potentially Undervalued Companies

Mineral Resources

Market Cap: US$8.0b

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

Dyno Nobel

Market Cap: US$5.5b

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

Newmont

Market Cap: US$92.7b

Engages in the production and exploration of gold properties.

Orbia Advance Corporation. de

Market Cap: US$31.0b

Orbia Advance Corporation, S.A.B. de C.V.

China Hongqiao Group

Market Cap: US$242.9b

An investment holding company, manufactures and sells aluminum products.

Chemours

Market Cap: US$2.5b

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

Plaintree Systems

Market Cap: US$581.6k

Designs, develops, manufactures, markets, and supports electronic products and specialty structural products in Canada, the United States, and internationally.

Sherritt International

Market Cap: US$69.5m

Engages in the mining, processing, refining, and sale of nickel and cobalt in North America, Cuba, Europe, Asia, Australia, and internationally.

Billerud

Market Cap: US$21.0b

Provides paper and packaging materials worldwide.

AlzChem Group

Market Cap: US$1.5b

Develops, produces, and markets a range of chemical specialties in Germany, European Union, rest of Europe, Asia, NAFTA region, and internationally.

Sassy Gold

Market Cap: US$748.7k

An exploration stage company, acquires, identifies, explores for, and evaluates of precious metals resources in Canada.

Calidus Resources

Market Cap: US$89.6m

Engages in the exploration and exploitation of gold minerals in Australia.

Teijin

Market Cap: US$253.6b

Engages in the fibers, films and sheets, composites, healthcare, and IT businesses worldwide.

Orora

Market Cap: US$2.6b

Designs, manufactures, and supplies packaging products and services to the grocery, fast moving consumer goods, and industrial markets in Australia, New Zealand, the United States, and internationally.

Aichi Steel

Market Cap: US$187.1b

Manufactures and sells steel, forged products, and electro-magnetic products in Japan.

Voltage Metals

Market Cap: US$1.1m

Engages in the acquisition, exploration, and development of mineral property interests in Canada.

Vicat

Market Cap: US$2.7b

Engages in the production and sale of cement, ready-mixed concrete, and aggregates for construction industry.

Gold Road Resources

Market Cap: US$3.8b

Engages in the exploration of gold properties in Australia.

Progressive Planet Solutions

Market Cap: US$34.6m

Primarily engages in the acquisition and exploration of mineral properties in Canada and the United States.

Clariant

Market Cap: US$2.5b

Develops, manufactures, distributes, and sells specialty chemicals in Switzerland, Europe, the Middle East, Africa, the United States, and the Asia Pacific.

SSAB

Market Cap: US$54.3b

Engages in the production and sale of steel products in Sweden, Finland, the Rest of Europe, the United States, and internationally.

Lepanto Consolidated Mining

Market Cap: US$11.9b

Engages in the exploration and mining of mineral properties primarily in the Philippines.

Gemfields Group

Market Cap: US$2.6b

Operates as a mining company.

Resonac Holdings

Market Cap: US$974.4b

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

Victrex

Market Cap: US$634.1m

Through its subsidiaries, engages in the manufacture and sale of polymer solutions worldwide.

Transcontinental

Market Cap: US$1.7b

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

Deterra Royalties

Market Cap: US$2.2b

Operates as a royalty investment company in Australia, the United States, Mexico, Zambia, Peru, Canada, Mali, Kenya, Brazil, Cote D’Ivoire, and South Africa.

Vanadiumcorp Resource

Market Cap: US$1.9m

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

Perenti

Market Cap: US$2.6b

Operates as a mining services company worldwide.

KGHM Polska Miedz

Market Cap: US$28.4b

Engages in the exploration and mining of copper, nickel, precious metals, and non-ferrous metals in Poland and internationally.

Amex Exploration

Market Cap: US$354.7m

Engages in the exploration of gold mining properties in Canada.

Huadi International Group

Market Cap: US$20.3m

Through its subsidiaries, develops, manufactures, markets, and sells stainless steel seamless pipes, tubes, and bars in the People’s Republic of China.

Heidelberg Materials

Market Cap: US$35.0b

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

Premier Air Charter Holdings

Market Cap: US$8.7m

Operates chartered flights and manages leased aircraft.

Wienerberger

Market Cap: US$3.1b

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

Kaiser Aluminum

Market Cap: US$1.2b

Manufactures and sells semi-fabricated specialty aluminum mill products.