Global Materials High Risk Large Caps

Freeport-McMoRan

Market Cap: US$65.0b

Engages in the mining of mineral properties in North America, South America, and Indonesia.

Nucor

Market Cap: US$32.8b

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

ArcelorMittal

Market Cap: €22.2b

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

Aluminum Corporation of China

Market Cap: HK$144.7b

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

First Quantum Minerals

Market Cap: CA$22.3b

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

Qinghai Salt Lake IndustryLtd

Market Cap: CN¥106.4b

Manufactures and sells potash fertilizers in China.

Ivanhoe Mines

Market Cap: CA$17.9b

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

Carpenter Technology

Market Cap: US$12.0b

Engages in the manufacture, fabrication, and distribution of specialty metals in the United States, Europe, the Asia Pacific, Mexico, Canada, and internationally.

MP Materials

Market Cap: US$11.7b

Produces rare earth materials in the Western Hemisphere.

Lundin Mining

Market Cap: CA$14.4b

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.