Global Materials High Risk Large Caps

Nucor

Market Cap: US$36.2b

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

ArcelorMittal

Market Cap: €28.9b

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

Aluminum Corporation of China

Market Cap: HK$199.6b

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$30.2b

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

First Quantum Minerals

Market Cap: CA$26.7b

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

Qinghai Salt Lake IndustryLtd

Market Cap: CN¥135.6b

Manufactures and sells potash fertilizers in China and internationally.

Evolution Mining

Market Cap: AU$24.7b

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

Lundin Mining

Market Cap: CA$21.9b

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.

Ivanhoe Mines

Market Cap: CA$18.9b

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

Alcoa

Market Cap: US$11.3b

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$15.2b

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

MP Materials

Market Cap: US$10.3b

Produces rare earth materials in the Western Hemisphere.