Global Materials High Risk Large Caps

Nucor

Market Cap: US$56.4b

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

ArcelorMittal

Market Cap: €47.6b

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

Steel Dynamics

Market Cap: US$33.7b

Operates as a steel producer and metal recycler in the United States.

Teck Resources

Market Cap: CA$45.0b

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$36.1b

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

Aluminum Corporation of China

Market Cap: HK$176.6b

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

Pan American Silver

Market Cap: CA$29.2b

Engages in the exploration, mine development, extraction, processing, refining, and reclamation of mines in Chile, Peru, Brazil, Mexico, Canada, Argentina, Bolivia, and Guatemala.

Lundin Mining

Market Cap: CA$28.6b

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

Grace Fabric TechnologyLtd

Market Cap: CN¥134.6b

Engages in the research, development, production, and sale of E-glass fiber cloth in China, Hong Kong, Asia, North America, and Europe.

Evolution Mining

Market Cap: AU$27.8b

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

Peric Special Gases

Market Cap: CN¥126.6b

Engages in the research and development, production, and sale of electronic special gases and trifluoromethanesulfonic acid series products in China.

POSCO Holdings

Market Cap: ₩24.4t

Operates as an integrated steel producer in Korea and internationally.

Chongqing Polycomp International

Market Cap: CN¥117.6b

Engages in the research, development, production, and sale of glass fibers and materials in China and internationally.

Lundin Gold

Market Cap: CA$22.2b

Develops and operates its mineral concessions in Ecuador.

Sinoma Science & TechnologyLtd

Market Cap: CN¥101.1b

Engages in the research and development, manufacture, and sale of specialty fiber composite materials in China.

Equinox Gold

Market Cap: CA$20.4b

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

MMG

Market Cap: HK$113.5b

An investment holding company, engages in the exploration, development, and mining of mineral properties.

Anhui Tongguan Copper Foil Group

Market Cap: CN¥93.6b

Engages in the research, development, manufacture, and sales of various electronic copper foils in China and internationally.

China Gold International Resources

Market Cap: CA$18.9b

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

Ivanhoe Mines

Market Cap: CA$17.1b

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

Hudbay Minerals

Market Cap: CA$16.7b

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

IAMGOLD

Market Cap: CA$16.7b

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

Alcoa

Market Cap: US$11.7b

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.

Eldorado Gold

Market Cap: CA$15.7b

Engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, and Greece.

thyssenkrupp

Market Cap: €9.5b

Provides industrial and technology solutions and services in Germany and internationally.