Global Materials High Risk Large Caps

Nucor

Market Cap: US$37.8b

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

ArcelorMittal

Market Cap: €29.4b

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

Aluminum Corporation of China

Market Cap: HK$200.7b

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$29.0b

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$27.5b

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

Qinghai Salt Lake IndustryLtd

Market Cap: CN¥133.0b

Manufactures and sells potash fertilizers in China and internationally.

Evolution Mining

Market Cap: AU$25.9b

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$23.3b

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$19.3b

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

Alcoa

Market Cap: US$11.9b

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$15.9b

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

MP Materials

Market Cap: US$10.0b

Produces rare earth materials in the Western Hemisphere.