Global Materials High Risk Large Caps

ArcelorMittal

Market Cap: €35.6b

Operates as integrated steel and mining companies in the Americas, Europe, Asia, and Africa.

Nucor

Market Cap: US$39.7b

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

Aluminum Corporation of China

Market Cap: HK$275.7b

Primarily engages in the exploration and mining of bauxite, coal, and other resources in the People's Republic of China and internationally.

Teck Resources

Market Cap: CA$37.4b

Engages in research, exploration, development, processing, smelting, refining, and reclamation of mineral properties in Asia, the Americas, and Europe.

Qinghai Salt Lake IndustryLtd

Market Cap: CN¥185.6b

Manufactures and sells potash fertilizers in China and internationally.

First Quantum Minerals

Market Cap: CA$34.7b

Engages in the exploration, development, and production of mineral properties.

Lundin Mining

Market Cap: CA$30.5b

A diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, Brazil, the United States, Portugal, Sweden, and Argentina.

Evolution Mining

Market Cap: AU$31.2b

Engages in the exploration, mine development and operation, and sale of gold and gold-copper concentrates in Australia and Canada.

Ivanhoe Mines

Market Cap: CA$26.3b

Engages in the mining, development, and exploration of minerals and precious metals in Africa.

Alcoa

Market Cap: US$15.6b

Engages in the bauxite mining, alumina refining, aluminum production, and energy generation business in Australia, Brazil, Canada, Iceland, Norway, Spain, the United States, and internationally.

Equinox Gold

Market Cap: CA$17.9b

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

China Gold International Resources

Market Cap: CA$16.9b

A gold and base metal mining company, acquires, explores, develops, and mines mineral resources in the People’s Republic of China and Canada.

IAMGOLD

Market Cap: CA$16.7b

Through its subsidiaries, operates as a gold producer and developer in Canada and Burkina Faso.

MP Materials

Market Cap: US$11.8b

Produces rare earth materials in the Western Hemisphere.

Hudbay Minerals

Market Cap: CA$14.1b

A diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America.