SHEL
2nd
Shell
$548.90Bn
96.47
+0.71%
+33.15%
The company's Downstream segment includes the manufacturing and marketing of petrochemicals, which are bulk commodity chemicals sold to industrial customers.
CVX
2nd
Chevron
$407.58Bn
206.29
+0.91%
+32.15%
The company manufactures and markets commodity petrochemicals, plastics for industrial uses, and produces olefins, polyolefins, and aromatics.
LIN
Linde
$217.60Bn
472.04
+0.46%
-0.93%
Linde is the largest industrial gas company worldwide, producing and distributing atmospheric gases (oxygen, nitrogen, argon) and process gases (hydrogen, helium, carbon dioxide) to industrial, healthcare, and energy customers.
RTNTF
Rio Tinto
$179.45Bn
110.50
-8.79%
+35.58%
Rio Tinto is a diversified miner, and its Iron Ore segment is a core pillar of its business, extracting and processing iron ore from the Pilbara region and Canada for global steelmakers. Per the taxonomy, diversified miners producing several metals that each have their own industry must carry a separate tag for each, and M-07 is the designated home for iron ore and bulk ores.
E
2nd
Eni Spa
$174.90Bn
55.58
+1.61%
+56.96%
Through its subsidiary Versalis, the company produces basic chemicals, plastics, and elastomers, which are bulk commodity chemicals sold to industrial customers.
SCCO
Southern Copper
$169.08Bn
202.65
-0.66%
+73.80%
Southern Copper is an integrated producer of copper, generating revenue from the sale of copper cathodes and copper rod. It describes itself as one of the world's largest integrated copper producers with the largest copper reserves globally.
GLW
Corning
$130.50Bn
151.50
-3.32%
+88.76%
Corning is a materials science company that manufactures formulated specialty glass and ceramic products, such as cover glass for mobile devices and materials for semiconductor manufacturing. These are high-margin, application-specific products differentiated by performance, fitting the Specialty Chemicals definition for advanced engineered materials.
NEM
Newmont
$122.31Bn
116.08
-4.39%
+37.31%
Newmont is described as the world's leading gold company and a primary gold producer, with its primary revenue coming from the sale of gold to smelters, refiners, banks, and jewelers.
TX
Ternium
$109.20Bn
54.47
-1.64%
+57.79%
Ternium is a leading steel producer that operates integrated steelmaking facilities to produce slabs, billets, hot-rolled and cold-rolled coils, and coated sheets. Its Steel segment generates revenue from selling these products to customers in the automotive, construction, and home appliance industries.
FCX
Freeport-Mcmoran
$103.31Bn
71.94
-0.48%
+93.80%
The company explicitly states its objective of being foremost in copper and is one of the world's largest producers of copper cathode, copper in concentrate, and copper rod. Its primary revenue is derived from these copper products sold to smelters, refiners, and industrial users.
PSX
2nd
Phillips 66
$101.18Bn
253.58
-0.84%
+84.33%
Through its 50 percent equity interest in Chevron Phillips Chemical Company, the company produces and markets bulk petrochemicals and polymers such as ethylene, propylene, and aromatics for industrial customers.
AEM
Agnico Eagle Mines
$92.04Bn
184.07
-5.32%
+10.37%
The company is described as the second largest gold producer in the world and generates revenue primarily from the sale of gold produced at its mines. It sells this gold production to bullion banks, commodity traders, and refiners.
SHW
Sherwin Williams
$80.80Bn
332.79
+1.16%
-2.95%
The company develops, manufactures, and sells a broad portfolio of architectural paints, stains, varnishes, and industrial coatings. Its revenue is derived from selling these finished coatings to professional contractors, industrial manufacturers, and retail consumers through its Paint Stores Group and Consumer Brands Group.
ECL
2nd
Ecolab
$78.59Bn
280.38
+0.25%
+2.74%
The company develops and sells high-value chemical formulations, including detergents, sanitizers, disinfectants, and specialty programs for the petroleum and fuels industry.
ITW
2nd
Illinois Tool Works
$78.00Bn
273.86
-0.08%
+4.77%
The Polymers & Fluids segment produces engineered adhesives and sealants for automotive aftermarket and general industrial applications.
EOG
2nd
Eog Resources
$73.77Bn
140.64
+0.21%
+24.08%
The company generates revenue from the sale of EOG owned sand, which is a non-metallic industrial mineral used in oilfield operations.
B
Barrick Mining
$68.84Bn
41.09
-4.17%
+23.99%
The company's primary business is the production and sale of gold, with the majority of its operating segments (Carlin, Cortez, Turquoise Ridge, Pueblo Viejo, Loulo-Gounkoto, Kibali, North Mara, and Bulyanhulu) dedicated to gold extraction and processing.
HON
2nd
Honeywell International
$67.04Bn
211.52
-0.48%
+2.25%
Within its Process Automation and Technology segment, Honeywell manufactures and sells catalysts and specialty chemicals used in refining and chemical processing.
APD
Air Products & Chemicals
$62.07Bn
278.73
-1.09%
+3.05%
The company is a global provider of industrial gases, specifically supplying oxygen, nitrogen, argon, hydrogen, and specialty gases. Its revenue is generated through on-site gas production, merchant gas distribution, and the sale of these gases to industrial manufacturers and refineries.
VALE
Vale
$61.73Bn
13.60
-0.07%
+26.51%
Vale's primary revenue stream comes from iron ore and iron ore pellets, which accounted for 78.5% of net operating revenue in 2025. The company operates major mining complexes in Brazil's Carajás region to sell these products to steelmakers.
WPM
2nd
Wheaton Precious Metals
$61.57Bn
135.61
-5.10%
+22.74%
The company generates a significant portion of its revenue from the sale of gold received through its streaming and royalty agreements.
IMO
2nd
Imperial Oil
$59.26Bn
122.43
-0.33%
+33.03%
The company has a dedicated Chemical segment that manufactures and markets bulk petrochemicals, specifically polyethylene resin, aliphatic solvents, and refinery grade propylene.
OXY
2nd
Occidental Petroleum
$56.09Bn
56.11
-1.32%
+16.65%
Through its OxyChem subsidiary, the company manufactures bulk commodity chemicals including ethylene, propylene, polyethylene, and polyvinyl chloride (PVC) for industrial applications.
CRH
Crh Public
$55.76Bn
83.74
-1.51%
-26.92%
CRH is a leading provider of building materials that extracts and processes raw materials to manufacture cement and ready mixed concrete. These products are core to its Americas Materials Solutions and International Solutions segments.
NUE
Nucor
$55.48Bn
244.53
-1.11%
+79.70%
Nucor is a major steel producer that operates electric arc furnaces to manufacture hot rolled, cold rolled, galvanized, and plate steel. Its primary revenue is generated from the sale of these steel mill products to service centers, fabricators, and manufacturers.
CTA-PB
Eidp
$55.35Bn
63.75
-1.47%
-11.76%
The company develops and sells commercial seeds with advanced traits and crop protection products including herbicides, insecticides, and fungicides. These products are sold directly to farmers and agricultural businesses to improve crop yield and protect against pests and disease.
MT
ArcelorMittal
$53.16Bn
69.85
-1.17%
+91.37%
ArcelorMittal is one of the world's largest steel producers, manufacturing a broad range of finished and semi-finished steel products including flat products (sheet, plate, coils) and long products (bars, rods, structural shapes). It operates integrated steel-making facilities and mini-mills across multiple continents, selling to automotive, appliance, and construction customers.
CTVA
Corteva
$51.85Bn
77.72
-1.03%
+14.68%
Corteva develops and markets a broad portfolio of crop protection chemicals, including herbicides, insecticides, and fungicides, as well as commercial seeds and trait technologies. These products are sold directly to farmers and agricultural distributors to improve crop productivity.
AU
AngloGold Ashanti
$46.84Bn
92.75
-6.34%
+33.86%
The company's main product is gold, which it mines and processes into doré before selling refined gold to bullion banks. It identifies as a global gold mining company and competes with other major gold miners like Newmont and Barrick Gold.
ELVR
Elevra Lithium
$46.81Bn
40.55
-2.12%
+73.29%
Elevra Lithium is a lithium mining company that produces spodumene concentrate from hard rock deposits. Its entire revenue stream is derived from the sale of lithium concentrate to industrial customers, including Tesla and LG Chem.
LYB
LyondellBasell Industries
$37.65Bn
58.28
+0.26%
+18.74%
The company is a global producer of bulk commodity chemicals and polymers, specifically ethylene and polyethylene produced from ethane and naphtha feedstocks. These high-volume products are sold to packaging and industrial markets and are priced based on commodity cycles.
NTR
Nutrien
$34.70Bn
72.00
-0.30%
+24.68%
Nutrien is a global leader in crop nutrients, operating dedicated segments for Potash, Nitrogen, and Phosphate fertilizers. It mines and processes potash in Saskatchewan and operates ammonia and phosphate production facilities to sell nutrients to third-party customers and its own retail network.
STLD
Steel Dynamics
$33.09Bn
230.39
-1.40%
+65.89%
The company's core business is steelmaking via electric arc furnace mills, which produce steel from ferrous scrap for customers in the automotive, construction, and energy sectors. This segment is the largest contributor to revenue, accounting for 72% of consolidated net sales in 2025.
VMC
Vulcan Materials
$31.85Bn
246.12
+0.46%
-18.78%
Vulcan Materials is the nation's largest supplier of construction aggregates, generating revenue from the production and sale of crushed stone, sand, and gravel. These materials are sold to contractors and government agencies for use in highways, airport runways, and building foundations.
TECK
Teck Resources
$31.82Bn
65.14
-1.41%
+47.71%
Teck Resources is a major producer of copper and zinc, with copper sales contributing $5.0 billion in 2024. The company operates significant copper assets including Highland Valley Copper and Quebrada Blanca, selling concentrates and cathode copper to smelters and manufacturers.
MLM
Martin Marietta Materials
$29.47Bn
490.79
+1.38%
-21.00%
The company's primary revenue driver is the sale of aggregates, including crushed stone, sand, and gravel, which accounted for approximately 88% of its total reportable segment gross profit in 2025. It operates a network of approximately 400 quarries and mines to supply these materials.
KGC
Kinross Gold
$28.92Bn
24.10
-3.83%
-1.11%
Kinross Gold is a gold producer that focuses on the exploration, extraction, and processing of gold-bearing ore. Its primary revenue is generated from the sale of gold dore to international refineries and bullion dealers.
Q
Qnity Electronics
$26.13Bn
124.92
+0.23%
—
Qnity manufactures performance and specialty chemicals formulated for specific applications, such as cleaning chemistries, sealants, and thermal management solutions. These products are differentiated by formulation and performance for high-value electronics applications rather than being bulk commodities.
ATI
Ati
$24.61Bn
180.71
-2.57%
+128.00%
ATI produces highly differentiated specialty materials, including nickel-based superalloys, titanium alloys, and specialty metals like zirconium and hafnium. These are formulated performance materials sold to aerospace, medical, and electronics customers, fitting the description of specialty chemicals and advanced engineered materials.
PPG
Ppg Industries
$23.77Bn
106.93
-0.56%
+2.80%
PPG's core business is the manufacture of finished coatings, including architectural decorative paints, automotive refinish coatings, and protective coatings for ships and bridges. The company operates dedicated segments for Global Architectural Coatings and Performance Coatings, selling to contractors, consumers, and OEMs.
SW
Smurfit Westrock
$23.65Bn
45.08
-2.89%
+6.80%
Smurfit Westrock is an integrated manufacturer of paper-based packaging, specifically producing corrugated containers, linerboard, medium, corrugated sheets, and folding cartons. These products are sold to manufacturers, converters, and brand owners for food, beverage, and e-commerce applications.
CHD
2nd
Church & Dwight
$22.69Bn
95.64
-0.76%
+10.99%
Through its Specialty Products Division, the company produces and sells sodium bicarbonate in various grades for industrial applications, which is a bulk commodity chemical.
IFF
International Flavors & Fragrances
$21.89Bn
85.75
+0.09%
+40.67%
IFF manufactures performance and specialty chemicals formulated for specific applications, including flavors, fragrances, and functional ingredients. These products are sold to manufacturers in the food, beverage, and personal care industries to enhance sensory appeal and product performance.
IP
International Paper
$21.34Bn
34.03
-2.88%
-26.15%
International Paper generates its primary revenue from the production and sale of containerboard and corrugated packaging products, including corrugated boxes and bulk bins. These fiber-based packaging solutions are sold to a wide range of customers in food, beverage, and industrial manufacturing.
AMRZ
Amrize
$20.91Bn
38.04
-0.50%
-20.67%
Amrize's Building Materials segment generates significant revenue from the sale of cement, ready-mix concrete, and specialized cement products tailored to client specifications. These core products are sold to infrastructure, commercial, and residential construction markets.
PKG
Packaging Corp Of America
$20.88Bn
234.32
-1.22%
+8.35%
The company is a leading producer of containerboard and corrugated packaging products, operating ten containerboard mills and 91 corrugated plants. It sells shipping containers, retail displays, and specialized packaging for food, beverages, and industrial goods.
AMCR
Amcor
$19.78Bn
42.79
+0.66%
+5.14%
Amcor's Global Flexible Packaging Solutions segment is its largest business line, contributing approximately 72% of consolidated net sales. This segment develops and supplies flexible packaging using polymer resins and other materials for food, beverage, personal care, and healthcare applications.
PAAS
Pan American Silver
$19.30Bn
45.76
-4.75%
+17.91%
The company explicitly positions itself as one of the world's leading primary silver mining companies and generates the majority of its revenue from silver and gold doré. In 2024, its Silver Segment produced over 14 million ounces of silver, supporting its goal to be the world's premier silver producer.
CRS
Carpenter Technology
$19.11Bn
385.32
-2.84%
+59.69%
Carpenter Technology manufactures high-performance specialty alloys, including stainless steels, alloy steels, and tool steels, which fall under the base and industrial metals category. These materials are sold as engineered solutions for aerospace engines, medical implants, and energy infrastructure.
SQM
Chemical & Mining Co Of Chile
$18.62Bn
65.17
-2.48%
+47.44%
The company is one of the largest producers of lithium carbonate and lithium hydroxide, extracting these from brine deposits in the Salar de Atacama and spodumene resources in Australia, Namibia, and Canada for sale to battery makers.
CDE
Coeur Mining
$18.39Bn
17.88
-7.02%
-4.54%
The company is a precious metals producer with a significant focus on silver, as evidenced by its silver-gold complexes at Palmarejo and Las Chispas. It generates revenue by selling silver bullion to multinational banks and bullion trading houses.
DD
DuPont de Nemours
$17.69Bn
130.98
-0.58%
+35.45%
DuPont manufactures high-performance, application-specific formulated chemicals and materials such as MOLYKOTE specialty lubricants, BETAFORCE structural adhesives, and AMBERLITE ion exchange resins. These products are differentiated by performance and formulation for mission-critical industries rather than being sold as bulk commodities.
CF
CF Industries Holdings
$17.48Bn
115.47
+0.67%
+27.58%
The company's core business is the production of nitrogen-based products such as anhydrous ammonia, granular urea, and urea ammonium nitrate (UAN) sold primarily as fertilizers to cooperatives and distributors. These products are explicitly described as crop nutrients used for agricultural applications.
MKSI
2nd
Mks
$17.47Bn
258.38
-0.94%
+111.54%
Through its Materials Solutions Division, the company sells advanced chemical processes and specialty chemistry solutions for surface modification, electroless and electrolytic plating, and functional surface finishing for automotive and industrial markets.
BALL
Ball
$15.12Bn
57.13
+0.53%
+15.18%
Ball Corporation is a leading supplier of aluminum packaging, specifically selling beverage containers, extruded aerosol containers, and recloseable bottles. Its revenue is driven by the sale of these rigid metal containers to multinational beverage, personal care, and household products companies.
FN
2nd
Fabrinet
$14.70Bn
410.14
-1.81%
+12.73%
Fabrinet designs and fabricates customized optics and glass that are sold separately in the merchant market, which constitutes a specialty engineered materials business.
WY
Weyerhaeuser
$14.22Bn
19.73
-1.40%
-20.64%
Weyerhaeuser harvests timber and produces structural lumber, oriented strand board (OSB), and engineered wood products like I-joists and LVL. These activities are the core of its Timberlands and Wood Products segments, selling directly to homebuilders and contractors.
CX
Cemex Sab De Cv
$13.79Bn
9.50
-2.06%
+4.97%
Cemex is one of the world's largest producers of cement, producing gray portland cement, white cement, and blended cement for building applications. It also generates significant revenue from its ready-mix concrete segment, which supplies standard and specialty concrete mixes for residential and infrastructure projects.
AGI
Alamos Gold
$13.73Bn
32.71
-5.22%
-5.57%
Alamos Gold is an intermediate gold producer that generates revenue principally from the sale of gold produced at its Island Gold, Young-Davidson, and Mulatos mines. The company sells gold recovered as dore bars to metal refiners and investors.
MAS
2nd
Masco
$13.48Bn
68.37
-0.71%
-2.38%
The company's Decorative Architectural Products segment produces and sells finished architectural coatings, including BEHR paints, primers, stains, and waterproofing products.
AVY
Avery Dennison
$13.04Bn
171.82
+0.87%
+7.11%
Avery Dennison is a leader in materials science, manufacturing pressure-sensitive label materials, performance tapes, and functional materials. These are formulated specialty chemicals and engineered materials sold to converters and manufacturers for specific applications in food, pharmaceutical, and automotive markets.
RPM
Rpm International
$12.79Bn
100.18
-0.28%
-14.40%
RPM International manufactures and sells a vast array of finished coatings, paints, adhesives, and sealants, including decorative paints, rust preventive coatings, and industrial corrosion control products. These products are sold to contractors, distributors, and retail channels like home improvement centers.
ALB
Albemarle
$12.67Bn
107.35
-2.20%
+23.56%
Albemarle is a world leader in lithium, producing lithium carbonate, lithium hydroxide, and lithium chloride through operations in Chile, Nevada, and Australia. These materials are sold primarily for use in batteries for electric vehicles and power grid storage.
CCK
Crown Holdings
$11.68Bn
107.43
-0.63%
+11.27%
Crown Holdings primarily manufactures metal packaging, specifically aluminum and steel beverage cans, food cans, aerosol cans, and closures for global beverage and food companies like Coca-Cola and Anheuser-Busch InBev.
HL
Hecla Mining
$11.42Bn
17.00
-6.54%
+42.98%
Hecla Mining is primarily a silver producer, as evidenced by its operations at Greens Creek, Lucky Friday, and Keno Hill, which all focus on silver flotation concentrates. The company's identity and asset base are centered on the Keno Hill Silver District and other silver-heavy mines.
HMY
Harmony Gold Mining
$11.27Bn
17.75
-6.43%
-2.74%
The company's core activities center on gold mining, and it reports that revenue is generated chiefly from the sale of gold, with the gold component amounting to R75 240 million in fiscal 2025.
TWST
2nd
Twist Bioscience
$11.26Bn
179.60
-1.77%
+565.19%
The company serves the chemicals and materials sector, providing synthetic biology products used for enzyme engineering and sustainable chemical production, generating 93.2 million dollars in revenue from this segment.
AA
Alcoa
$11.15Bn
42.26
-1.42%
+24.84%
Alcoa is an integrated aluminum producer that operates bauxite mines, alumina refineries, and aluminum smelters. Its primary revenue comes from the sale of primary aluminum products, such as ingots, billet, rod, and slab, priced based on the London Metal Exchange.
IAG
Iamgold
$11.03Bn
18.66
-5.23%
+45.44%
IAMGOLD is an intermediate gold producer that generates revenue primarily through the sale of gold doré and gold concentrates. Its operations, including the Côté Gold Mine, Westwood Complex, and Essakane Mine, are focused exclusively on the exploration, development, and production of gold.
SUZ
Suzano
$10.83Bn
8.57
-1.38%
-7.35%
Suzano is the world's largest producer of market pulp, generating primary revenue from the sale of eucalyptus market pulp to paper and packaging manufacturers. The profile explicitly mentions its manufacture of market pulp, tissue products, and fluff pulp.
HBM
Hudbay Minerals
$10.63Bn
26.88
+0.98%
+76.73%
Hudbay Minerals is a copper-focused company that operates the Constancia, Snow Lake, and Copper Mountain mines to extract and process copper. The profile explicitly states that copper serves as the primary metal produced and is the center of its long-term growth strategy.
AVTR
2nd
Avantor
$10.34Bn
15.29
+0.20%
+29.14%
The company manufactures proprietary high-purity specialty chemicals under the J T Baker brand and high-purity silicone via NuSil for human implants and aerospace applications.
VIAV
2nd
Viavi Solutions
$10.09Bn
40.87
+0.47%
+225.66%
The company's Optical Security and Performance Products segment designs and manufactures formulated specialty chemicals, including Optical Variable Pigment (OVP) and Optical Variable Magnetic Pigment (OVMP) used in anti-counterfeiting inks for banknotes.
GGB
Gerdau
$9.58Bn
4.78
-1.24%
+53.70%
Gerdau is a major steel producer that manufactures a wide range of steel products, including rebar, wire rods, structural shapes, and hot rolled coils. The company operates 29 steel producing facilities and utilizes both blast furnaces and ferrous scrap recycling to produce crude and rolled steel.
SOLS
Solstice Advanced Materials
$9.04Bn
56.93
+0.49%
—
The company manufactures a wide array of formulated, application-specific performance chemicals, including low global warming potential refrigerants, blowing agents, and laboratory life science chemicals. These products are differentiated by performance and patented technology, serving specialized markets like HVAC/R, pharmaceutical, and semiconductor industries.
AG
First Majestic Silver
$8.82Bn
17.95
-5.63%
+44.64%
The company's primary operations are the production, development, and exploration of silver, with four producing mines in Mexico including San Dimas and La Encantada. It generates the majority of its revenue from the sale of silver concentrates and doré to third-party customers.
SSL
2nd
Sasol
$8.80Bn
13.93
-0.71%
+124.32%
The company produces bulk commodity chemicals including polymers, methanol, ammonia, ethylene, polyethylene, and polypropylene for global customers.
ESI
Element Solutions
$8.56Bn
35.12
-1.60%
+40.59%
Element Solutions develops and sells specialty chemicals and material process technologies, such as surface mount technology fluxes, thermal management materials, and metal/plastic finishing chemistries. These are formulated, high-margin products sold for specific applications in electronics and industrial surface finishing rather than bulk commodities.
WLK
Westlake
$8.55Bn
66.90
-1.23%
-13.14%
Westlake is one of the largest producers of chlor alkali and polyvinyl chloride (PVC) in the world, manufacturing bulk basic chemicals including ethylene, chlorine, caustic soda, polyethylene, and epoxy resins. These high-volume materials are sold as commodity inputs to packaging companies, coating formulators, and other industrial users.
NEU
Newmarket
$8.38Bn
911.62
+1.55%
+11.57%
NewMarket's core business is the production of performance-driven specialty chemicals, specifically lubricant and fuel additive packages including detergents, dispersants, and antiwear agents. These products are formulated for specific applications to enhance engine efficiency and are sold to integrated oil companies and lubricant manufacturers.
MP
MP Materials
$8.27Bn
46.42
-4.94%
-31.92%
MP Materials operates the Mountain Pass mine and processing facility to produce refined rare earth oxides and metals, specifically neodymium praseodymium oxide. This aligns with the M-12 description of mining, separating, and refining rare earth elements.
BVN
Buenaventura Mining
$8.12Bn
32.02
-3.41%
+31.61%
The company is described as Peru's largest publicly traded precious metals company and generates 59% of its revenue from precious metals, specifically selling gold and silver as concentrates or doré bars from mines like Coimolache and San Gabriel.
EGO
Eldorado Gold
$7.83Bn
39.42
-6.01%
+38.46%
The company identifies as a gold producer and generates the vast majority of its revenue from the sale of gold doré, producing 520,293 ounces of gold in 2024. Its primary operations, including the Kışladağ and Lamaque Complex, are focused on gold extraction and sales to refineries.
EMN
Eastman Chemical
$7.61Bn
66.52
-0.66%
+6.16%
Eastman describes itself as a specialty materials company and operates an 'Advanced Materials' segment producing differentiated polymers and films like Tritan copolyesters and Saflex interlayers. Its 'Additives & Functional Products' segment further focuses on high-margin, application-specific products such as Therminol specialty fluids and care additives.
ACA
2nd
Arcosa
$7.20Bn
146.55
-0.02%
+58.86%
The Construction Products segment produces and sells natural aggregates (sand, gravel, crushed stone) and asphalt mix sourced from quarries and mines for road and highway projects.
SBSW
Sibanye Stillwater
$7.18Bn
10.15
-4.25%
-9.70%
The company is one of the world's largest primary producers of platinum group metals (PGMs), specifically platinum, palladium, and rhodium, produced through its US and SA PGM Operations. It also operates a dedicated Recycling segment that recovers these specific metals from spent catalytic converters.
CMC
Commercial Metals
$7.14Bn
64.51
-1.86%
+12.58%
Commercial Metals Company is a vertically integrated steel producer that manufactures and sells rebar, merchant bar, light structural steel, billets, and wire rod. Its North America and Europe Steel Groups focus on scrap processing and steelmaking, with profitability measured by metal margins.
EQX
Equinox Gold
$7.08Bn
11.23
-5.71%
-0.97%
Equinox Gold's sole product is gold, which it produces through the operation of mines such as Greenstone, Valentine, Mesquite, and its Nicaragua operations. The company generates its revenue principally from the sale of gold doré to international bullion banks, traders, and refiners.
MOS
Mosaic
$7.07Bn
22.25
-3.26%
-35.88%
The company is a leading producer of concentrated phosphate and potash crop nutrients, selling products such as diammonium phosphate, monoammonium phosphate, and muriate of potash to farmers and agricultural distributors.
BTG
B2Gold
$7.07Bn
5.27
-3.66%
+6.25%
B2Gold is a gold producer that generates its revenue primarily through the sale of gold bullion. The company operates several gold mines, including the Fekola Complex and the Masbate Gold Project, and sells its refined gold to bullion dealers and refiners.
AXTA
Axalta Coating Systems
$7.00Bn
32.69
-0.58%
+16.67%
Axalta is a global manufacturer of high-performance liquid and powder coatings, including brands like Cromax and Alesta. Its revenue is derived from selling these finished coatings to vehicle body shops, industrial manufacturers, and automotive OEMs.
SSRM
Ssr Mining
$6.98Bn
33.84
-5.16%
+37.67%
The company's primary revenue is generated from the sale of gold doré produced at its Marigold, CC&V, Seabee, and Çöpler mines. Its customer base for these products includes major financial institutions like the Royal Bank of Canada and the Central Bank of Türkiye.
AUGO
Aura Minerals
$6.51Bn
77.72
-7.00%
+108.87%
Aura Minerals is described as a gold and copper production company that produces gold as its primary product. It generates revenue through the sale of gold doré bars and concentrate to customers such as Asahi Refining Inc. and Metalor Technologies SA.
ICL
Icl
$6.48Bn
5.02
-2.33%
-20.70%
ICL Group produces a vast array of crop nutrients, including potash fertilizers, commodity phosphates used as fertilizers, and specialty crop nutrition products like controlled-release and water-soluble fertilizers (e.g., Osmocote and Peters).
CLF
Cleveland-Cliffs
$6.40Bn
11.22
-7.96%
-12.62%
The company is a leading steel producer that operates blast furnaces and electric arc furnaces to manufacture a comprehensive range of flat-rolled steel products, including hot-rolled coil, cold-rolled coil, and stainless steels. Its primary revenue is derived from the production and sale of these steel products to automotive, construction, and industrial customers.
TFPM
2nd
Triple Flag Precious Metals
$6.37Bn
30.82
-4.23%
+5.58%
The company's primary exposure and revenue are derived from gold-focused streaming and royalty interests, including key holdings like the Impala Bafokeng gold stream.
HXL
Hexcel
$6.36Bn
84.16
-1.91%
+36.58%
Hexcel manufactures performance and specialty chemicals including resins, adhesives, and prepregs formulated for high-performance applications. These materials, along with their carbon fiber fabrics, constitute the Composite Materials segment which accounts for approximately 80% of total net sales.
INGR
2nd
Ingredion
$6.08Bn
96.46
-0.28%
-20.37%
The company's Texture & Healthful Solutions segment develops innovative, customized formulations, clean label texturizers, and hydrocolloids. These are application-specific performance chemicals used to enhance texture and healthful attributes in food and industrial products.
WFG
West Fraser Timber
$5.65Bn
71.57
-0.10%
+5.67%
West Fraser is a diversified wood products company that produces softwood lumber (spruce pine fir, southern yellow pine) and engineered wood products such as oriented strand board, plywood, and laminated veneer lumber. These products are sold to wholesale distributors, retail chains, and professional dealers for construction and industrial use.
SXT
Sensient Technologies
$5.49Bn
128.94
-0.15%
+38.65%
Sensient Technologies is widely known as a manufacturer of specialty chemicals, specifically flavors, colors, and fragrances used in food, beverage, and cosmetic applications. While the provided profile is sparse on product details, the company's operational identity as a provider of high-margin, application-specific formulated chemicals aligns with the Specialty Chemicals classification.
MTRN
Materion
$5.46Bn
262.02
-1.11%
+121.06%
Materion operates the world's largest bertrandite ore mine and refinery to produce beryllium hydroxide for both internal use and external sale. Beryllium is a non-metallic industrial mineral, and the company's integrated mine-to-finished-product model for this material is a central part of its business profile.
EXP
Eagle Materials
$5.42Bn
175.84
-1.56%
-24.54%
Eagle Materials is a leading manufacturer of Portland cement, slag cement, and fly ash, operating eight cement plants and two slag grinding facilities. It also produces and distributes readymix concrete through 30 plants, which are core products for its Cement and Concrete segments.
BCPC
Balchem
$5.39Bn
168.68
+0.47%
+13.18%
Balchem manufactures performance and specialty chemicals formulated for specific applications, including human-grade choline nutrients, specialty vitamin K2, and microencapsulation solutions for the food and pharmaceutical industries. These products are differentiated by formulation and performance rather than bulk commodity pricing.
CSW
2nd
Csw Industrials
$5.28Bn
295.34
-0.54%
+22.84%
The Specialized Reliability Solutions segment manufactures high-performance specialty lubricants, sealants, and contamination control products like Jet-Lube and Whitmore for industrial assets.
CVI
2nd
Cvr Energy
$5.10Bn
50.76
-1.51%
+37.86%
The company operates a dedicated Nitrogen Fertilizer Segment that produces and distributes ammonia and urea ammonium nitrate for the farming industry via facilities in Coffeyville and East Dubuque.
GVA
2nd
Granite Construction
$5.07Bn
115.87
+0.60%
+6.24%
The company operates a Materials segment that produces and sells construction aggregates and asphalt to external customers such as contractors and landscapers. It owns and leases aggregate reserves and operates processing plants to produce these materials.
CE
Celanese
$5.04Bn
45.91
-2.49%
+12.41%
Celanese is one of the world's largest manufacturers of acetyl products, producing bulk intermediate chemicals such as acetic acid, acetic anhydride, and vinyl acetate monomer. These products are sold as high-volume commodity inputs to various industrial processes, including the production of adhesives and paints.
SON
Sonoco Products
$4.94Bn
49.99
-0.12%
+16.88%
Sonoco has a massive industrial paper packaging segment (30% of net sales) and produces recycled fiber-based products such as paperboard tubes, cores, cones, and partitions. The company is vertically integrated with 19 paper mills to support these paper-based packaging operations.
AXTI
2nd
Axt
$4.83Bn
73.67
-6.68%
+1,406.54%
The company sells high-performance compound materials and critical inputs such as purified gallium, indium phosphide base material, and gallium magnesium alloy to third-party customers for use in their own semiconductor and optoelectronic processes.
SIM
GRUPO SIMEC, S.A.B. de C.V
$4.81Bn
28.99
+0.49%
+3.54%
Grupo Simec is a manufacturer of steel products, including SBQ steel, bars, rods, beams, and rebar. The company operates both mini-mills and integrated steel mills to produce these items for the automotive and construction sectors.
MEOH
Methanex
$4.62Bn
59.78
+1.58%
+49.71%
Methanex is the world's largest producer of methanol, a bulk commodity chemical produced at scale from natural gas and coal. Its revenue is driven by high-volume sales of methanol to industrial customers for use in formaldehyde, acetic acid, and fuel applications, with pricing influenced by global commodity supply and demand.
CLMT
Calumet
$4.62Bn
52.61
-1.94%
+184.69%
Calumet's Specialty Products and Solutions segment manufactures and markets formulated specialty chemicals, including solvents, waxes, customized lubricating oils, and esters, which are sold as raw material inputs for consumer and industrial goods.
PRM
2nd
Perimeter Solutions
$4.57Bn
27.89
-4.26%
+30.45%
The company produces phosphorus pentasulfide used as a formulated specialty chemical for lubricant additives, pesticide and mining chemicals, and emerging battery technologies.
ROAD
2nd
Construction Partners
$4.38Bn
91.47
-2.39%
-28.06%
The company operates an Aggregates segment that involves mining sand, gravel, and construction stone for internal use and third-party sales.
PKX
Posco Holdings
$4.38Bn
57.95
+1.83%
+17.43%
The company's primary revenue driver is the Steel Segment, which contributed 53.2% of revenue in 2024. It operates integrated steel plants in Pohang and Gwangyang, producing cold rolled, hot rolled, and stainless steel for automotive and shipbuilding customers.
CGAU
Centerra Gold
$4.35Bn
21.75
-3.59%
+109.13%
The company identifies as a diversified gold producer and derives its primary revenue from the sale of gold doré and gold copper concentrate. Its core operations at the Öksüt Mine and Mount Milligan Mine are focused on the production of gold.
CBT
Cabot
$4.05Bn
78.42
-0.43%
+2.90%
Cabot is a specialty chemicals company producing high-margin, application-specific materials such as fumed metal oxides, aerogel, and conductive additives for batteries. These products are formulated for specific performance characteristics in electronics, pharmaceuticals, and automotive applications.
ERO
Ero Copper
$3.90Bn
37.43
-1.16%
+87.43%
The company is described as a copper producer that generates revenue primarily from the sale of copper concentrate produced at its Caraíba and Tucumã operations.
GEF
Greif
$3.87Bn
81.63
-1.23%
+37.82%
Greif's Global Industrial Packaging segment is a core business line producing and selling steel, fibre, and plastic drums, as well as rigid intermediate bulk containers and jerrycans. These products are sold to customers in the chemicals, petroleum, and minerals industries.
SLGN
Silgan Holdings
$3.80Bn
35.95
+0.06%
-15.91%
The company's largest revenue segment is Metal Containers, which produced $3.1 billion in sales in 2025 by manufacturing steel and aluminum containers for food, beverage, and pet food.
AVNT
Avient
$3.78Bn
41.19
-0.29%
+26.35%
Avient manufactures formulated specialty chemicals and performance materials, including specialty compounds, colorants, and additives. Its revenue is derived from high-margin, application-specific products like long fiber thermoplastics and structural composites used in defense, healthcare, and transportation.
CENX
Century Aluminum
$3.70Bn
37.40
-2.58%
+27.21%
Century Aluminum is a global producer of primary aluminum, generating revenue from the sale of aluminum ingot and value-added products such as billet, slab, and foundry alloy. The company operates aluminum reduction facilities (smelters) in the United States and Iceland.
SKE
Skeena Resources
$3.62Bn
29.86
-5.86%
+60.62%
Skeena Resources is a precious metals developer focused on the Eskay Creek Gold-Silver Project and the Snip gold mine. Its primary objective is to transition these projects into producing mines to sell gold at prevailing market prices.
ARIS
Aris Mining
$3.59Bn
17.49
-7.61%
+78.11%
Aris Mining's principal product is gold doré, produced from its Segovia and Marmato underground gold mines. The company generates its revenue primarily from the sale of this gold to refiners.
USAR
USA Rare Earth
$3.53Bn
14.41
-5.07%
-17.84%
The company is focused on building an integrated rare earth value chain, specifically extracting and processing rare earth elements like dysprosium, terbium, and yttrium from the Round Top deposit. It generates revenue from the sale of rare earth metals alloys and strip cast products through its Less Common Metals subsidiary.
FSM
Fortuna Mining
$3.43Bn
11.22
-4.02%
+29.26%
The company's primary revenue is generated from gold doré bars produced at the Lindero, Yaramoko, and Séguéla mines. It explicitly identifies as a precious metal producer with a focus on gold operations in Argentina, Burkina Faso, and Côte d’Ivoire.
CSTM
2nd
Constellium Se
$3.34Bn
24.64
-1.08%
+63.94%
The company is a global leader in the manufacture of rolled and extruded aluminum products, producing primary aluminum solutions such as canstock, closure stock, and foilstock.
ZGN
2nd
Ermenegildo Zegna
$3.28Bn
12.65
-0.63%
+38.25%
The company operates a 'Textile product line' that designs and manufactures luxury fabrics (synthetic fibers and wools) sold to external luxury houses and specialized tailors, representing 7% of revenue.
USLM
United States Lime & Minerals
$3.19Bn
111.32
-0.07%
-14.25%
The company's primary revenue is generated from extracting and processing limestone into products such as crushed limestone, pulverized limestone, quicklime, and hydrated lime. These are non-metallic industrial minerals sold to a diverse range of industrial, environmental, and agricultural customers.
ASH
Ashland
$3.12Bn
68.11
-1.40%
+43.03%
Ashland is primarily a specialty ingredients company producing high-margin, application-specific formulated chemicals. Its Life Sciences and Personal Care segments provide specialized polymers, biofunctionals, and rheology modifiers for pharmaceutical, nutrition, and cosmetic formulators.
KNF
Knife River
$3.03Bn
53.36
-2.27%
-27.87%
Knife River's core business is based on mining, processing, and selling construction aggregates, as well as producing asphalt. The profile explicitly describes the company as an 'aggregates based construction materials' provider with extensive aggregate reserves.
NG
Novagold Resources
$2.92Bn
6.66
-6.33%
-21.46%
Novagold Resources is focused exclusively on advancing the Donlin Gold project, which is described as one of the largest undeveloped gold deposits in the world. The company's entire business model is centered on gold exploration and development to eventually generate income from the sale of gold.
KWR
Quaker Chemical
$2.76Bn
160.33
-1.90%
+21.68%
Quaker Houghton develops and markets formulated specialty chemicals such as metal removal fluids, corrosion inhibitors, and rolling lubricants. These are high-margin, application-specific products tailored to the production needs of heavy industrial customers in the steel, aluminum, and automotive sectors.
UUUU
2nd
Energy Fuels
$2.76Bn
11.04
-2.90%
-33.17%
The company has a dedicated rare earth elements segment that produces separated rare earth oxides, including neodymium-praseodymium, dysprosium, and terbium.
ALM
Almonty Industries
$2.75Bn
13.21
-3.72%
+116.56%
Almonty Industries is a producer of tungsten concentrate and molybdenum, both of which are base/industrial metals. The company generates revenue from the sale of tungsten concentrate from its Panasqueira mine and has secured off-take agreements for molybdenum production from the Sangdong project.
GPK
Graphic Packaging Holding
$2.74Bn
9.24
-1.49%
-52.12%
The company designs and manufactures paperboard-based packaging solutions, including cartons, trays, carriers, and containers. Its revenue is derived from selling these paperboard packaging products to consumer packaged goods companies and foodservice clients like PepsiCo and McDonald's.
PPTA
Perpetua Resources
$2.73Bn
21.82
-7.11%
+5.92%
The company's primary focus is the Stibnite Gold Project, and it explicitly states it intends to generate revenue from the sale of gold concentrates to smelters and refiners.
BCC
2nd
Boise Cascade
$2.67Bn
76.63
-0.65%
+0.03%
The company's Wood Products segment manufactures engineered wood products (EWP) such as laminated veneer lumber (LVL), I-joists, laminated beams, and various grades of plywood panels.
FUL
Fuller H B
$2.66Bn
49.37
-1.42%
-15.56%
H. B. Fuller is a leading manufacturer of adhesives and sealants, which are explicitly listed as the core of the M-03 industry. The company sells these formulated bonding products to a wide range of industrial customers, including those in the automotive, aerospace, and construction sectors.
HWKN
Hawkins
$2.65Bn
127.83
-0.93%
-27.74%
Hawkins formulates and blends specialty ingredients for the food, pharmaceutical, and nutrition markets, including vitamins, enzymes, and botanicals. The company provides value-added formulation and processing services to create application-specific chemical solutions for its customers.
AMBP
Ardagh Metal Packaging
$2.63Bn
4.40
+0.46%
+11.39%
Ardagh Metal Packaging designs, manufactures, and sells aluminum beverage cans and ends to beverage producers. Its revenue is derived from selling these rigid metal containers to customers like Coca-Cola, PepsiCo, and AB InBev.
AAUC
Allied Gold
$2.62Bn
21.01
-5.78%
+19.99%
Allied Gold generates virtually all of its revenue from the sale of gold doré produced at its operating mines in Mali and Cote d'Ivoire. The company's core business is the acquisition, exploration, development, and operation of gold properties.
SA
Seabridge Gold
$2.62Bn
28.50
-5.94%
+20.30%
Seabridge Gold is a mineral exploration and development company focused exclusively on acquiring and advancing gold deposits, such as the KSM and Courageous Lake projects. Its revenue is generated from the sale or optioning of these gold mineral property interests to other mining companies.
WTTR
2nd
Select Water Solutions
$2.57Bn
20.19
+1.76%
+88.87%
The Chemical Technologies segment develops and manufactures specialty chemicals for hydraulic fracturing and well completions, such as friction reducers, crosslinkers, and surfactants.
TTAM
Titan America
$2.54Bn
13.76
-0.65%
-6.01%
Titan America is a vertically integrated manufacturer of cement and ready-mix concrete, operating plants like the Pennsuco and Roanoke facilities. It sells these cementitious products to construction companies and public sector agencies.
NGVT
Ingevity
$2.51Bn
72.76
-0.42%
+33.48%
Ingevity manufactures a wide array of formulated performance chemicals, including caprolactone-based specialty polymers for bioplastics and elastomers, as well as agrochemical dispersants. These products are differentiated by application-specific performance and sold to specialized customers like bioplastics firms and agrochemical companies.
KALU
Kaiser Aluminum
$2.48Bn
151.57
-0.64%
+99.07%
Kaiser Aluminum manufactures semi-fabricated specialty aluminum mill products, including flat-rolled, extruded, and drawn aluminum items. Its revenue is derived from selling these aluminum products to aerospace OEMs, automotive manufacturers, and industrial customers.
ROG
Rogers
$2.45Bn
136.66
-0.83%
+70.29%
Rogers Corporation manufactures high-performance engineered materials, including laminates, specialty substrates, and elastomeric compounds formulated for specific applications like EV power modules and aerospace systems. These are higher-margin, application-specific functional chemicals and materials rather than bulk commodities.
KMT
2nd
Kennametal
$2.42Bn
31.80
+2.45%
+52.88%
Kennametal is one of the world's largest producers of advanced metallurgical powders, which are sold as raw material inputs to the oil and gas, aerospace, and process industries.
IOSP
Innospec
$2.41Bn
97.88
-0.85%
+27.02%
Innospec is a global specialty chemicals company that develops and manufactures tailored chemical formulations for high-value applications. Its Performance Chemicals segment provides technology-driven solutions for personal care, home care, and industrial markets, which are differentiated by formulation and performance rather than bulk commodity pricing.
SVM
Silvercorp Metals
$2.37Bn
10.74
-5.12%
+71.29%
The company's name and business profile emphasize silver as a principal product, producing approximately 7.4 million ounces of silver across its Ying and GC mine segments in fiscal 2025. Its revenue is derived primarily from the sale of silver, lead, and zinc concentrates.
EXK
Endeavour Silver
$2.35Bn
8.96
-4.58%
+13.13%
The company identifies as a mid-tier silver producer and generates the majority of its revenue (58%) from the sale of silver produced at its Guanaceví and Bolañitos mines.
ADMA
2nd
Adma Biologics
$2.28Bn
10.12
+7.89%
-31.16%
The company operates plasma collection centers and sells excess source plasma, which serves as a raw biological material/intermediate, to third-party manufacturers.
CC
Chemours
$2.13Bn
14.14
-2.21%
-9.36%
Chemours produces bulk commodity chemicals including titanium dioxide (TiO2) pigment under the Ti-Pure brand and various refrigerants and blowing agents. These products are sold as high-volume inputs to industrial customers for use in coatings, plastics, and thermal management.
DRD
Drdgold
$2.10Bn
24.32
-3.65%
-11.72%
The company's primary business is the extraction and processing of gold from surface tailings and slimes dams, with the vast majority of its revenue derived from the sale of refined gold to South African Bullion banks and Rand Refinery.
MTX
Minerals Technologies
$2.08Bn
66.84
-0.25%
+8.77%
The company is a global specialty minerals company and the world's largest producer of bentonite, as well as a leading producer of calcium carbonate. It mines and processes these non-metallic industrial minerals for sale to a wide range of industrial and consumer customers.
EMAT
Evolution Metals & Technologies
$1.99Bn
3.20
+0.00%
—
The company is heavily focused on the rare earth value chain, producing rare earth oxides, metals, alloys, and sintered neodymium iron boron magnets. It explicitly positions itself as a challenger to Chinese control of rare earth refining and magnet manufacturing.
LCGMF
Lion Copper
$1.88Bn
4.36
-2.02%
+3,533.33%
The company is a copper exploration and development company focused on the Yerington Copper Project to produce copper cathodes. Its primary business activity is defining mineral resources and reserves of copper for future sale to industrial users.
OLN
Olin
$1.83Bn
16.06
-2.13%
-34.29%
Olin is a leading global manufacturer of bulk commodity chemicals, specifically chlorine, caustic soda, and vinyl chloride monomer, which account for 54% of its sales. These products are high-volume industrial intermediates priced on commodity spreads.
HYMC
Hycroft Mining Holding
$1.83Bn
19.60
-8.75%
+209.64%
The company is a gold and silver exploration issuer whose primary asset is the Hycroft Mine, specifically targeting gold and silver oxide and sulfide mineralization. It expects to generate future revenue from the sale of gold bullion to investors and industrial users.
GEL
2nd
Genesis Energy
$1.72Bn
14.05
-0.92%
-15.46%
The company is a leading producer and marketer of NaHS (sodium hydrosulfide) and caustic soda, which are bulk industrial chemicals sold as by-products of its sulfur removal process.
IE
Ivanhoe Electric
$1.71Bn
10.69
+1.23%
-9.10%
The company's primary focus is the exploration and development of copper and other critical metals, with its most advanced asset being the Santa Cruz Copper Project in Arizona. Its core operational segments and future revenue expectations are centered on the production of refined copper cathodes.
TMC
TMC the metals
$1.70Bn
3.86
-1.78%
-40.34%
The company focuses on the extraction and refining of polymetallic nodules to produce copper, nickel, and cobalt. These are specifically listed as primary targets for sale to industrial users and through off-take agreements with Glencore.
NEXA
Nexa Resources
$1.62Bn
12.21
-1.93%
+144.20%
Nexa Resources is primarily a polymetallic producer focused on zinc, copper, and lead. It generates significant revenue from the extraction and smelting of zinc metal and zinc oxide, as well as copper and lead concentrates.
AESI
Atlas Energy Solutions
$1.54Bn
12.29
-1.36%
+4.42%
The company is a leading proppant producer that mines and processes high-quality sand (dry and damp sand in 100 mesh and 40/70 mesh) specifically for use in hydraulic fracturing. This matches the description of industrial and frac sand sold to energy customers.
SID
National Steel
$1.47Bn
1.11
+0.00%
-26.97%
The company is one of the largest integrated steel producers in Brazil, producing slabs, hot rolled, cold rolled, galvanized, and tin mill products for automotive and industrial customers.
NRP
2nd
Natural Resource Partners
$1.46Bn
110.22
+1.31%
+6.48%
The company earns royalties from aggregates operators and holds a 49% non-controlling interest in a business that mines trona ore to produce soda ash.
SCL
Stepan
$1.45Bn
63.92
-0.75%
+35.14%
Stepan focuses on performance-based chemical solutions, specifically formulating surfactants, polyurethane polyols, and specialty chemicals for personal care, food flavoring, and pharmaceutical applications. These are higher-margin, application-specific products differentiated by formulation and performance rather than bulk commodity pricing.
PAHC
2nd
Phibro Animal Health
$1.45Bn
35.70
+3.63%
-8.81%
The Performance Products segment manufactures and markets specialty ingredients for the personal care, industrial chemical, and chemical catalyst industries.
USAS
Americas Gold & Silver
$1.44Bn
4.50
-6.64%
+22.62%
The company explicitly describes itself as a 'silver focused producer' and generates its primary revenue from the sale of silver-bearing concentrates from its Galena Complex and Cosalá Operations.
IAUX
i-80 Gold
$1.43Bn
1.65
-5.71%
+66.67%
The company is a gold and silver exploration and development company whose primary goal is to become a sustainable gold producer. It generates revenue through the extraction and sale of gold doré or concentrate sold into global precious metals markets.
TRS
2nd
Trimas
$1.41Bn
39.41
+0.66%
+2.36%
The TriMas Packaging segment manufactures highly engineered polymeric closure and dispensing systems, including foaming pumps, lotion pumps, and polymeric caps for consumer packaged goods companies.
SLVM
Sylvamo
$1.39Bn
35.04
-2.56%
-19.08%
Sylvamo produces and sells uncoated freesheet for paper products (such as cutsize and offset paper) and market pulp. These products are explicitly listed as the primary revenue drivers in the company's business profile.
VZLA
Vizsla Silver
$1.34Bn
3.83
-2.79%
-13.35%
The company's core business is the acquisition, exploration, and development of mineral resource properties with a primary focus on the Panuco Copala silver-gold project. Its resource updates specifically highlight silver equivalent (AgEq) grades and ounces, identifying silver as the principal metal of interest.
CDNL
2nd
Cardinal Infrastructure
$1.32Bn
27.72
-1.07%
—
The company is vertically integrated in asphalt production and generates a portion of its revenue from materials and paving services.
UAN
Cvr Partners
$1.30Bn
123.29
-0.15%
+36.16%
CVR Partners LP produces and distributes nitrogen fertilizer products, specifically urea ammonium nitrate (UAN) and ammonia, which are sold to farmers and agricultural distributors to improve crop yield.
ODC
Oil-Dri Corp of America
$1.30Bn
89.70
+1.28%
+48.04%
Oil-Dri surface mines and processes hydrated aluminosilicate minerals, specifically calcium bentonite, attapulgite, and diatomaceous shale. These are non-metallic industrial minerals sold as sorbent products to a wide range of industrial and retail customers.
BAK
Braskem
$1.20Bn
1.50
-2.60%
-39.27%
Braskem is a major producer of bulk commodity chemicals and plastics, specifically polyethylene, polypropylene, PVC, ethylene, and propylene. Its revenue is derived from high-volume sales of these base polymers and olefins to third-generation petrochemical producers.
NEWP
New Pacific Metals
$1.18Bn
6.39
-3.33%
+127.40%
The company's primary focus is on precious metal projects, specifically the Silver Sand, Carangas, and Silverstrike projects, with the Silver Sand project containing over 200 million ounces of silver resources. Its stated goal is the exploration and development of silver deposits to eventually sell payable silver concentrates.
SLSR
Solaris Resources
$1.16Bn
6.93
-2.67%
+8.96%
Solaris Resources is primarily focused on the exploration and development of copper-gold porphyry deposits, with its flagship Warintza Project and the La Verde joint venture both targeting copper. The company's core strategic focus is on large-scale porphyry systems to eventually supply copper to smelters and refiners.
FMC
Fmc
$1.15Bn
9.22
-3.76%
-72.49%
FMC Corporation develops and manufactures crop-protection chemicals, specifically insecticides (e.g., Rynaxypyr and Cyazypyr), herbicides (e.g., Isoflex and Dodhylex), and fungicides (e.g., fluindapyr and Onsuva). These products are sold to farmers and agricultural businesses to increase land productivity and resilience.
CNL
Collective Mining
$1.14Bn
12.27
-5.18%
-15.03%
The company is an exploration firm focused on identifying mineral resources, with the Guayabales Project specifically targeting gold mineralization. Gold is presented as a core component of its primary exploration activities in Colombia.
MUX
McEwen
$1.11Bn
18.11
-4.73%
+8.70%
The company identifies as a precious metals producer and generates significant revenue from gold production, specifically citing $116.7 million from the Gold Bar Mine Complex and $76.0 million from the Fox Complex in 2025.
ECVT
Ecovyst
$1.10Bn
10.03
-1.18%
+14.63%
Ecovyst is a leading producer and recycler of sulfuric acid, which is a base inorganic chemical sold as a commodity input. The company generates the majority of its revenue from the sale of virgin and regenerated sulfuric acid to refineries, mining companies, and industrial customers.
LOMA
Loma Negra Compania Industrial Argentina Sociedad Anonima
$1.09Bn
9.32
-0.43%
+23.77%
Loma Negra is a vertically integrated producer of cement and ready-mix concrete, with cement accounting for approximately 89% of its total shipments. The company operates seven cement plants and eleven concrete facilities under the Lomax brand.
SGML
Sigma Lithium
$1.06Bn
9.50
-0.84%
+39.71%
Sigma Lithium is a producer of lithium oxide concentrate, extracting spodumene bearing material at its Grota do Cirilo operation. Its primary revenue is generated from the sale of this lithium concentrate to international battery manufacturers.
CPAC
Cementos Pacasmayo Saa
$1.03Bn
12.17
-0.25%
+69.03%
The company is a leading Peruvian cement producer that generates the vast majority of its revenue from the sale of cement, ready-mix concrete, and mortar. These products are sold primarily to the self-construction segment, private projects, and public sector projects.
FTK
Flotek Industries
$1.03Bn
28.44
-3.46%
+97.09%
Flotek's Chemistry Technologies (CT) segment designs, develops, and manufactures optimized chemistry solutions for hydrocarbon producers to improve returns and lower operational costs. These are formulated, application-specific performance chemicals rather than bulk commodities.
AGRO
2nd
Adecoagro
$1.03Bn
10.06
-3.45%
+24.97%
The company operates a fertilizer segment that produces granular urea and ammonia at a plant in Bahía Blanca, selling primarily to local agricultural customers.
LAC
Lithium Americas
$969.73Mn
2.68
-2.55%
-53.31%
The company is focused on the development of the Thacker Pass lithium deposit to produce battery grade lithium carbonate. Its future revenue model is based on selling this lithium to customers like General Motors under long term off take agreements.
CMP
Compass Minerals International
$939.95Mn
22.39
-1.02%
+15.83%
The company's largest business line is the extraction and processing of salt (sodium chloride and magnesium chloride) from underground mines and solar evaporation ponds for use in deicing, food processing, and water conditioning.
KODK
2nd
Eastman Kodak
$938.86Mn
9.59
+0.63%
+48.91%
The Advanced Materials and Chemicals segment manufactures specialty chemicals, solvents, and functional printing materials for applications such as printed electronics and transparent antennas. The company also produces unregulated key starting materials for pharmaceuticals and electric vehicle batteries.
PCT
PureCycle Technologies
$936.22Mn
4.66
-7.17%
-64.48%
PureCycle Technologies manufactures PureFive® resin, which is a recycled polypropylene polymer. Polypropylene is a base plastic and polymer, and the company sells this resin to distributors, converters, and manufacturers as a commodity input.
KRO
Kronos Worldwide
$935.74Mn
8.13
-1.45%
+41.64%
Kronos Worldwide manufactures titanium dioxide (TiO2) pigments, which are explicitly listed in the M-01 taxonomy as pigments and titanium dioxide sold as an input to coatings makers. The company sells these bulk pigments to industrial customers including paint manufacturers, plastics processors, and paper producers.
CRML
Critical Metals
$935.64Mn
7.65
-2.30%
+17.69%
The company's core activity centers on the Tanbreez Project in Greenland, which is a permitted rare earth deposit focused on producing separated rare earth oxides. The profile emphasizes the strategic value of heavy rare earth elements for defense and next-generation technologies.
PHOS
First Phosphate
$892.07Mn
16.15
+0.00%
—
The company is focused on developing mineral properties to produce apatite concentrate for the downstream production of phosphoric acid and LFP cathode materials. Its primary target is the phosphate mining sector, competing with established phosphate producers like Nutrien and Mosaic.
OI
O-I Glass
$889.69Mn
5.79
-1.19%
-55.67%
O-I Glass is a leading global manufacturer of glass containers for beverages, food, and pharmaceutical products. Its revenue is generated from selling these glass packaging solutions to brand owners and fillers such as Coca-Cola, Nestle, and Anheuser-Busch InBev.
RBTK
Zhen Ding Resources
$885.52Mn
7.98
+0.00%
+533.33%
The company's core revenue is derived from selling ore concentrates of base metals, specifically lead, zinc, and copper, produced by its joint venture Zhen Ding JV. These products are sold to refineries for further purification and separation.
LAR
Lithium Argentina AG
$880.25Mn
5.42
-1.99%
+58.02%
The company's core business is the extraction and processing of lithium from brine projects, specifically producing battery-grade lithium carbonate and lithium hydroxide. It generates revenue through the sale of these lithium chemicals to partners like Ganfeng and Bangchak.
TTI
2nd
Tetra Technologies
$875.11Mn
5.91
-2.96%
+1.55%
The company produces and sells calcium chloride and sodium chloride into diverse non-energy markets, including water treatment, food processing, road maintenance, and agricultural sectors. These are non-metallic industrial minerals sold as raw materials to other manufacturers.
KOP
Koppers Holdings
$873.53Mn
46.19
-0.11%
+66.45%
Koppers is a global leader in wood preservation chemicals, manufacturing specific formulations such as micronized copper azole, alkaline copper quaternary amine, and chromated copper arsenate. These are performance chemicals formulated for the specific application of wood treatment and are sold to lumber treating companies.
SCZM
Santacruz Silver Mining
$833.46Mn
9.02
-4.85%
+12.61%
The company specializes in the production of silver and generates substantially all of its revenue from the sale of silver and zinc concentrates. It produced 14,399,019 ounces of silver equivalent in 2025, making silver its principal revenue-driving metal.
DC
Dakota Gold
$828.55Mn
6.18
-6.93%
+31.49%
The company's primary focus is mineral exploration for gold, specifically within the Homestake District, including the Maitland and Richmond Hill Gold Projects. Its stated goal is to advance these projects toward the production of gold for sale to metal traders and refineries.
MAKO
Mako Mining
$820.49Mn
9.43
-5.51%
+79.62%
Mako Mining's primary business is the production of gold, with substantially all of its total sales coming from refined gold produced at the San Albino Mine and the Moss Mine. The company sells this gold to international refiners and precious metal traders.
SXC
SunCoke Energy
$818.19Mn
9.64
+0.73%
+18.57%
SunCoke Energy produces blast furnace coke and foundry coke, which are essential raw materials for the steelmaking process. Its primary revenue is generated from selling these coke products to major steel producers like United States Steel Corporation and Cleveland-Cliffs.
ACDC
2nd
ProFrac Holding
$817.73Mn
4.49
-2.60%
+20.38%
The company operates eight frac sand mines with a combined capacity of 21.5 million tons per year, selling in-basin frac sand and proppant products to third-party customers.
ASM
Avino Silver & Gold Mines
$788.57Mn
5.61
-5.40%
+5.45%
The company's name and core business focus on silver and gold mines, and it specifically reports achieving grades of several hundred grams per tonne of silver. Its primary revenue is derived from the sale of concentrates containing silver, gold, and copper.
MTUS
Metallus
$786.29Mn
18.97
+0.69%
+15.67%
Metallus manufactures alloy steel, carbon steel, and micro-alloy steel using electric arc furnace technology. The company sells these as special bar quality bars, seamless mechanical tubing, and billets to OEMs and distributors.
NAK
Northern Dynasty Minerals
$773.48Mn
1.46
+5.04%
+16.80%
The company is focused on the development of the Pebble Project, which it describes as one of the world's largest undeveloped copper-gold deposits, with copper being a primary target of its exploration and technical studies.
FFMGF
First Mining Gold
$765.94Mn
0.57
-3.39%
+159.09%
First Mining is a mineral exploration company focused on the acquisition and development of gold-bearing properties, such as the Springpole and Duparquet Projects. Its revenue is derived from the sale of gold royalty interests and the disposal of gold assets to other mining companies.
WLKP
Westlake Chemical Partners
$760.25Mn
21.57
+0.14%
+1.46%
The company operates ethylene production facilities that convert ethane into ethylene, a bulk petrochemical used as a feedstock for polyethylene and polyvinyl chloride. It also sells co-products such as propylene, crude butadiene, and pyrolysis gasoline, which are basic organic chemicals produced at scale.
LWLG
Lightwave Logic
$752.50Mn
5.00
-5.84%
+34.41%
Lightwave Logic develops and sells the Perkinamine family of electro optic polymer materials, which are formulated specialty chemicals designed for specific high-speed optical modulation applications. These materials are sold to semiconductor foundries and device designers as high-margin, application-specific performance materials.
GSM
Ferroglobe
$745.57Mn
3.99
-1.97%
-8.28%
Ferroglobe is a major producer of silicon metal, ferrosilicon, and manganese-based alloys (such as silicomanganese and ferromanganese), which are industrial metals sold to steel, aluminum, and semiconductor customers. These products constitute the vast majority of its revenue, with silicon metal and manganese alloys alone accounting for 59% of total sales.
NUAI
2nd
New ERA Energy & Digital
$741.18Mn
6.96
-1.42%
+178.40%
The company's strategic focus is the extraction and supply of helium, which is a non-metallic industrial mineral. It positions itself as an emerging player in the helium exploration and production space.
DQ
Daqo New Energy
$736.21Mn
10.88
-5.14%
-61.64%
Daqo New Energy is a high-volume manufacturer of high purity polysilicon, which is a base polymer/silicon material sold as a commodity input to photovoltaic product manufacturers. Its revenue is driven by high-volume sales priced based on prevailing spot market conditions, fitting the commodity chemicals profile.
LXU
Lsb Industries
$708.46Mn
9.84
-0.61%
+21.78%
The company manufactures nitrogen-based fertilizers, specifically urea ammonium nitrate (UAN) and ammonia, which are sold to farmers, ranchers, and fertilizer dealers. UAN and ammonia together account for 55% of consolidated net sales.
LOGC
ContextLogic Holdings
$695.77Mn
15.21
+3.12%
+90.36%
The company's sole revenue source is US Salt, which extracts and processes high purity salt from a deposit in Watkins Glen, New York. Salt is explicitly listed as a non-metallic industrial mineral under the M-16 classification.
THM
International Tower Hill Mines
$672.41Mn
2.57
-7.89%
+59.63%
The company is a mineral exploration and development company focused exclusively on the Livengood Gold Project in Alaska. Its primary objective is the future extraction and sale of gold to refiners and bullion banks.
MATV
Mativ Holdings
$652.67Mn
11.84
-0.84%
+5.34%
Mativ manufactures performance and specialty materials, including high-performance filtration media, nanofiber webs, and composite fabrics. These are formulated, application-specific materials sold to industrial and healthcare manufacturers for use in filters and medical masks.
PKE
Park Aerospace
$648.19Mn
29.80
-1.29%
+47.52%
Park Aerospace manufactures advanced composite materials, including thermoset curing prepregs, film adhesives, and proprietary resin formulations using epoxies and polyimides. These are formulated specialty chemicals designed for specific high-performance aerospace applications, matching the M-02 description of engineered materials and specialty polymers.
UAMY
United States Antimony
$641.22Mn
4.26
-5.12%
-33.33%
The company's principal business is the mining, processing, and sale of antimony, which is a base/industrial metal. It produces antimony metal ingots, antimony trioxide, and antimony trisulfide for customers like the U.S. Defense Logistics Agency.
TROX
Tronox Holdings
$632.41Mn
3.96
-1.98%
-4.35%
Tronox is a leading manufacturer of titanium dioxide (TiO2) pigment, which is explicitly listed as a product belonging in M-01. This pigment is sold in high volumes to paint manufacturers, plastics producers, and paper mills, contributing $2.3 billion to revenue.
UROY
2nd
Uranium Royalty
$627.95Mn
4.00
-3.38%
-10.31%
The company generates significant revenue from soda ash royalties through trona mining operations in the Green River Basin. It receives payments under sodium lease agreements from operators such as WE Soda and Şişecam.
IPX
Iperionx
$599.86Mn
18.75
-4.39%
-63.50%
IperionX is a producer of titanium metal powders and products, and titanium is a base/industrial metal. The company generates revenue from the sale of high-purity titanium metal powders to industrial customers like Ford Motor Company.
METC
2nd
Ramaco Resources
$568.84Mn
8.98
-0.44%
-72.34%
The company operates a dedicated Rare Earths and Critical Minerals segment focused on the development of elements such as neodymium, praseodymium, dysprosium, and terbium from its Brook Mine property.
RYAM
Rayonier Advanced Materials
$551.22Mn
8.15
-5.01%
+16.60%
The company is a global leader in cellulose specialties, producing high-purity cellulose tailored for specific applications in pharmaceuticals, food, and impact-resistant plastics. These are formulated, high-margin specialty chemicals rather than bulk commodities.
CTGO
Contango Silver & Gold
$548.25Mn
16.95
-8.23%
-31.29%
The company's primary revenue is derived from cash distributions linked to gold production at the Manh Choh project via the Peak Gold Joint Venture. Additionally, its entire exploration portfolio, including the Johnson Tract and Lucky Shot properties, is focused on the exploration and development of gold deposits.
TMQ
Trilogy Metals
$544.15Mn
3.15
-1.56%
+47.89%
The company's primary focus is the development of the Bornite Project, which is described as a carbonate hosted copper deposit, and the Arctic Project, which contains copper as a primary metal. Its stated goal is to sell future copper concentrates to smelters and industrial users.
GORO
Goldgroup Mining
$542.32Mn
3.35
-4.83%
+19.64%
The company is named Gold Resource Corporation and its primary operational asset is the Don David Gold Mine, which produces gold and silver doré. The profile emphasizes gold production and the development of the gold-bearing Back Forty Project as central to its business model.
GMTL
Guardian Metal Resources
$531.12Mn
9.19
-9.81%
—
The company's principal focus is the exploration and future production of tungsten, which is a non-metallic industrial mineral not covered by other specific metal tags. Its primary assets, the Pilot Mountain and Tempiute projects, are focused on tungsten concentrate for defense and aerospace applications.
HSLV
Highlander Silver
$525.35Mn
5.15
-3.74%
—
Highlander Silver is described as a silver-focused growth company with its primary activities centering on silver projects like Corani and the San Luis gold-silver project. Its revenue is generated through the production and sale of silver and gold, with a strategic focus on silver-dominant assets.
LPTH
2nd
Lightpath Technologies
$524.67Mn
9.83
-1.50%
+20.61%
The company produces proprietary raw materials and specialty optical glass, such as its BlackDiamond glass, and sells infrared and visible components made from germanium, silicon, and zinc selenide.
SLDP
Solid Power
$513.51Mn
2.26
-5.44%
-35.80%
Solid Power manufactures and sells sulfide-based solid electrolyte materials, which are lithium-based chemicals used as inputs for battery cells. Its primary revenue comes from selling these lithium electrolyte materials to Tier 1 battery manufacturers and automotive OEMs like BMW and Ford.
GAU
Galiano Gold
$501.40Mn
1.93
-6.76%
-13.84%
Galiano Gold is a mining company whose primary revenue is generated from the sale of gold produced at the Asanko Gold Mine. In fiscal year 2024, it generated $264.6 million from the sale of 113,357 ounces of gold.
OGG
Osisko Gold
$493.63Mn
2.77
-0.36%
-19.24%
The company is a gold development company that generates revenue primarily from the sale of gold produced at its projects, such as the Cariboo Gold Project. It sells its gold production to refiners, banks, and traders in the global precious metals market.
ITRG
Integra Resources
$469.74Mn
2.58
-6.52%
-13.13%
Integra Resources is primarily a gold producer, generating the bulk of its revenue from the sale of approximately 72,089 ounces of gold from its Florida Canyon Mine. The company explicitly positions itself as a gold-focused producer with a vision to become a mid-tier gold and silver producer.
LXFR
2nd
Luxfer Holdings
$462.67Mn
17.29
+0.17%
+23.85%
The company produces zirconium powders used as excipients in the pharmaceutical industry and for automotive catalysis, which are formulated specialty chemicals/materials.
ASTL
Algoma Steel
$456.46Mn
4.35
+2.11%
+6.36%
Algoma Steel is a flat rolled steel producer that manufactures hot rolled and cold rolled steel products, including coiled sheet and plate. The company operates with a liquid steel production capacity of approximately 2.8 million tons and utilizes electric arc furnaces for its steelmaking process.
IDR
Idaho Strategic Resources
$455.43Mn
28.79
-5.45%
-15.79%
The company generates its principal revenue from the sale of gold produced at the Golden Chest Mine, specifically selling flotation gold concentrate to H&H Metals Corporation and gold doré to a refinery.
WRN
Western Copper & Gold
$453.24Mn
2.24
-3.45%
+13.13%
The company's flagship Casino Project is described as one of the largest undeveloped copper-gold deposits, with mineral resources grading 0.23% copper. Future revenue is explicitly projected from the extraction and sale of copper concentrates to global commodity markets and industrial manufacturers.
CMCL
Caledonia Mining
$449.22Mn
23.27
-2.51%
-36.32%
Caledonia Mining's primary business is the exploration, development, and production of gold, specifically through its flagship Blanket Mine and the Bilboes project. Its revenue is generated mainly from the sale of gold to refiners such as Fidelity, AEG, and Stonex Financial.
VHI
Valhi
$441.24Mn
15.58
-2.87%
-0.95%
The company's Chemicals segment, via Kronos Worldwide, is a leading global producer of titanium dioxide pigment. This pigment is sold as a bulk commodity input to manufacturers of paints, plastics, paper, and ceramics.
SLI
Standard Lithium
$438.66Mn
1.83
-1.08%
-46.02%
Standard Lithium is focused on the development of lithium-bearing brine properties and intends to generate revenue from the sale of battery grade lithium carbonate. The company utilizes direct lithium extraction and purification technology to produce lithium chemicals for battery manufacturers and electric vehicle makers.
ASPN
Aspen Aerogels
$429.88Mn
5.18
-0.77%
-26.84%
Aspen Aerogels manufactures high-performance aerogel materials, such as the Pyrogel and Cryogel lines, which are formulated specialty materials for specific thermal management applications. These products are differentiated by their performance (two to five times the thermal performance of traditional materials) rather than being bulk commodities.
IPI
Intrepid Potash
$427.25Mn
32.35
-5.08%
+7.87%
The company's primary revenue drivers are muriate of potash and the specialty fertilizer Trio, which together account for the vast majority of sales (approximately 74% to 95%). These products are sold as crop nutrients to agricultural distributors, cooperatives, and retailers.
MAGN
Magnera
$427.09Mn
11.93
-1.81%
+6.42%
Magnera describes itself as a global supplier of innovative specialty materials comprised of organic and synthetic raw ingredients. It sells these formulated materials for specific applications in healthcare, personal care, and filtration to leading brands and private label producers.
ASIX
AdvanSix
$426.08Mn
15.78
-0.19%
-18.49%
AdvanSix produces bulk commodity chemicals including nylon 6 resin, caprolactam, acetone, phenol, and alpha methylstyrene. These are high-volume industrial intermediates and polymers sold to a broad base of industrial customers.
NB
Niocorp Developments
$406.73Mn
3.47
-1.98%
-47.66%
The company is developing the Elk Creek Project to produce rare earth elements, niobium, and scandium, which are critical minerals used in high-performance alloys and defense systems. These activities align with the extraction and refining of rare earth elements and related critical elements described in M-12.
VGZ
Vista Gold
$392.66Mn
2.69
-2.54%
+22.83%
Vista Gold Corp. is a development stage company focused exclusively on the gold mining industry, specifically the advancement of the Mt Todd Gold Project. Its core business activities include geological surveys, drilling programs, and metallurgical testing to determine the economic viability of its gold mineral deposit.
FSTR
2nd
Foster L B
$390.15Mn
37.60
+0.35%
+41.19%
The company provides pipe protective coatings for oil and gas pipelines, which are formulated industrial coatings sold to energy companies and pipeline operators.
NFGC
New Found Gold
$389.50Mn
1.66
-5.14%
-33.06%
New Found Gold is a gold mining and exploration company that generates revenue primarily through the sale of gold produced from its Hammerdown Gold Project. Its customer base consists of global precious metals traders, refiners, and bullion dealers who purchase its gold output.
PACK
Ranpak Holdings
$373.01Mn
4.35
-1.14%
-17.61%
Ranpak generates approximately 90% of its net revenue from paper-based protective packaging products, including void fill, cushioning, and wrapping materials. These fiber-based consumables are sold to ecommerce retailers and industrial manufacturers for the purpose of protecting goods during transit.
NL
2nd
Nli Holdings
$342.53Mn
7.01
-0.57%
+14.73%
The company holds a significant interest in Kronos Worldwide Inc, a global producer of titanium dioxide (TiO2) pigments. According to the taxonomy, titanium dioxide pigments sold as inputs to coatings and plastics makers belong in Commodity Chemicals.
ASPI
ASP Isotopes
$338.39Mn
2.60
-10.96%
-74.88%
The company's core business is the production of high-value, low-volume enriched isotopes such as carbon-14, silicon-28, and ytterbium-176 for specialized applications in semiconductors and pharmaceuticals. These are formulated, application-specific materials rather than bulk commodities.
OEC
Orion
$332.35Mn
5.88
-0.34%
-21.60%
Orion produces specialty carbon black grades formulated for specific functional needs such as electrical conductivity for batteries, UV protection for agriculture film, and jetness for automotive base coats. These are high-margin, application-specific performance chemicals sold to coating and ink formulators and battery producers.
LZM
Lifezone Metals
$329.21Mn
3.85
-3.75%
-27.36%
The company's primary asset is the Kabanga Nickel Project, which focuses on the exploration, development, and eventual mining of a high-grade nickel sulfide deposit. It intends to generate its primary revenue from the sale of nickel concentrate and nickel intermediates to battery manufacturers and stainless steel producers.
NNDM
2nd
Nano Dimension
$328.91Mn
1.56
-0.64%
-1.89%
Through its Adaptive3D segment, the company develops and supplies specialty resins specifically formulated for additive manufacturing processes.
ABAT
American Battery Technology
$321.30Mn
2.27
+0.44%
-56.01%
The company's primary focus is the production of battery-grade lithium through both the exploration of Nevada-based sedimentary claystone deposits and the recycling of lithium-ion batteries. It specifically develops a selective leaching process to produce battery-grade lithium hydroxide for cathode manufacturers and cell producers.
CLW
Clearwater Paper
$320.78Mn
19.89
-2.40%
-3.91%
Clearwater Paper primarily manufactures Solid Bleached Sulfate (SBS) paperboard used for folding cartons and food service items, which are core paper-based packaging products. Its revenue is generated by selling this paperboard to packaging converters and commercial printers.
ALTO
Alto Ingredients
$284.70Mn
3.67
-1.61%
+236.70%
Alto Ingredients is a leading producer of specialty alcohols used in cosmetics, sanitizers, and distilled spirits. These are formulated, high-value performance chemicals sold to personal care and food manufacturers, fitting the specialty chemicals profile.
MSB
Mesabi Trust
$262.66Mn
20.02
+4.76%
-31.25%
Mesabi Trust generates its revenue exclusively from royalties tied to the extraction and sale of iron ore pellets and concentrates. Its business model is directly linked to iron ore production volumes and benchmark prices from properties in the Mesabi Iron Range.
EAF
Graftech International
$259.62Mn
9.95
-10.12%
-24.16%
GrafTech manufactures and sells graphite electrode products and petroleum needle coke, which are non-metallic industrial minerals/carbon products. Its primary customers are electric arc furnace steel producers and other metal manufacturers who use these materials as essential industrial inputs.
BMM
Blue Moon Metals
$258.38Mn
4.99
-3.29%
—
The company's primary focus is on polymetallic projects, specifically the Nussir and Blue Moon properties, which are described as copper and zinc deposits. These base metals are the central targets of its exploration and development activities.
MVST
2nd
Microvast Holdings
$249.95Mn
0.65
-5.80%
-84.03%
The company operates a Battery Components segment that develops and sells proprietary cathode, anode, electrolyte, and separator materials to third-party battery manufacturers.
TG
2nd
Tredegar
$246.23Mn
7.05
+0.00%
-11.54%
The High Performance Films segment manufactures polyethylene and polypropylene plastic films, including surface protection and advanced packaging films sold under brands like UltraMask and ForceField. These products are sold to manufacturers of flat panel displays, smartphones, and automobiles.
USAU
U.S. Gold
$244.59Mn
14.80
-5.07%
-6.45%
The company is a gold exploration and development company focused on projects like the CK Gold Project, Keystone Project, and Challis Gold Project. Its anticipated future revenue is explicitly stated to derive from the sale of gold and other precious metals.
TMCR
2nd
Metals Royalty
$235.28Mn
4.62
+13.51%
—
The company's royalty stream is specifically tied to the production and sale of base and industrial metals, including copper, nickel, cobalt, and manganese.
NAGE
2nd
Niagen Bioscience
$235.15Mn
2.98
-2.30%
-69.90%
The company produces and sells Niagen as a proprietary food-grade and pharmaceutical-grade ingredient to manufacturers of dietary supplements and foods. This constitutes the sale of a formulated specialty chemical/ingredient for specific applications.
FF
FutureFuel
$222.83Mn
5.08
-0.59%
+31.61%
The company's largest revenue source (54%) is the custom manufacturing of specialty chemicals, producing unique proprietary molecules for third-party customers. It also produces performance chemicals such as polymer modifiers, specialty solvents, and surfactants sold based on technical specifications.
HDSN
Hudson Technologies
$214.65Mn
5.10
-1.16%
-47.48%
Hudson Technologies manufactures and sells reclaimed and virgin refrigerants, including hydrofluoroolefins and hydrofluorocarbons, which are performance chemicals formulated for specific refrigeration applications. These products are sold to commercial, industrial, and governmental customers, as well as OEMs like Lennox International Inc.
IONR
Ioneer
$209.29Mn
3.13
-5.44%
-28.86%
The company's primary focus is the development of the Rhyolite Ridge project to produce lithium carbonate for sale to battery and automotive customers such as Ford and EcoPro Innovation.
SND
Smart Sand
$204.92Mn
5.26
+0.57%
+146.95%
Smart Sand mines, processes, and sells Northern White sand used as a hydraulic fracturing proppant and for industrial applications such as glass, foundry, and ceramics. This aligns with the M-16 classification for companies that mine and process non-metallic industrial minerals like frac sand and silica.
GLDG
GoldMining
$203.07Mn
0.95
-3.06%
-22.13%
The company is a mineral exploration company focused on the acquisition and development of primarily gold assets, including the La Mina Gold Project and the São Jorge Gold Project. Its primary business objective is to advance these gold projects toward potential joint venture or sale opportunities.
NMG
Nouveau Monde Graphite
$200.95Mn
1.25
-6.02%
-54.21%
The company mines and processes graphite, which is a non-metallic industrial mineral. It generates revenue from the sale of graphite concentrate to industrial customers for refractory materials and through strategic offtake agreements with the Government of Canada.
CMT
2nd
Core Molding Technologies
$193.27Mn
22.57
-2.55%
+7.68%
The company generates revenue from the direct sale of engineered materials, specifically Sheet Molding Compound, which is a base polymer/resin product sold to customers for further processing.
MINE
Mayfair Gold
$190.51Mn
2.84
+2.53%
—
Mayfair Gold Corp. is an exploration and development stage company focused exclusively on the Fenn-Gib Project, which hosts a multi-million ounce gold mineral resource. Its primary business activity is the exploration and resource definition of gold mineralization in the Abitibi greenstone belt.
SGLA
Sino Green Land
$188.03Mn
1.16
+0.00%
-32.16%
Sino Green Land manufactures and sells recycled plastic pellets and PET bottle flakes, which serve as base plastic resins and polymers for other manufacturers. These products are sold as raw material inputs for fiber packaging and molding applications, fitting the description of commodity plastics and polymers.
ZHJD
Intelligent Hotel
$180.49Mn
1.78
+0.00%
+50.85%
The company historically generated revenue from the sale of bio carbon based fertilizer products sold to agricultural producers and farms in China to enhance soil fertility and crop yields.
HTLM
2nd
HomesToLife
$171.30Mn
1.91
+7.30%
-40.31%
The leather trading division procures raw hides and sells them to tanneries, acting as a supplier of basic organic materials used for the production of upholstery leather.
AXREF
Amarc Resources
$155.51Mn
0.69
-5.48%
-28.12%
The company focuses on advancing porphyry copper systems, specifically targeting copper-gold-silver-molybdenum deposits across its JOY, DUKE, and IKE districts. Its primary business activity is the exploration of copper and other base metals.
PLG
Platinum Group Metals
$145.22Mn
1.29
-2.27%
-52.22%
The company is a platinum and palladium focused exploration and development company. Its primary asset is the Waterberg Project, which is described as a PGE (platinum group element) and base metal bearing deposit.
AREC
2nd
American Resources
$139.53Mn
1.83
-3.68%
-39.20%
Through its ReElement Technologies LLC subsidiary, the company purifies and monetizes critical rare earth element deposits and recycled magnets to supply high-purity rare earth products.
BHLL
Bunker Hill Mining
$133.52Mn
2.86
-2.39%
-43.59%
The company's primary focus is the development of a mine to produce zinc and lead concentrates, which are base metals. It has secured an off-take agreement with Teck Resources Ltd. specifically for these lead and zinc concentrates.
COBA
Chilean Cobalt
$133.34Mn
2.30
-0.43%
+389.36%
The company is focused on the development of the La Cobaltera and El Cofre projects to produce cobalt and copper concentrate. Cobalt and copper are explicitly classified as base and industrial metals under M-10.
ACNT
Ascent Industries
$130.82Mn
14.52
-1.22%
+14.60%
Ascent Industries develops and manufactures performance-driven chemical solutions, including surfactants, defoamers, lubricating agents, and flame retardants. These are formulated specialty chemicals sold as critical ingredients for applications in personal care, water treatment, and oilfield production.
FTCO
Fortitude Gold
$130.66Mn
4.57
-1.51%
+4.34%
Fortitude Gold's primary operation is the Isabella Pearl Mine, where it produces and sells doré containing gold. The company's business profile emphasizes its focus on gold and silver properties and its identity as a mining company.
NVA
Nova Minerals
$128.91Mn
5.38
-2.71%
+64.02%
The company's primary asset is the Estelle Gold and Critical Minerals Project, which hosts a combined gold resource of 5.17 million ounces. The profile explicitly identifies the company as a gold-focused exploration company and lists its competitors as major gold producers like Newmont and Barrick Gold.
UFI
Unifi
$123.98Mn
6.67
+0.91%
+39.83%
Unifi manufactures bulk synthetic fibers and polymers, specifically polyester and nylon yarns, as well as polyester polymer beads and staple fiber. These products are sold as commodity-like inputs to yarn manufacturers, knitters, and weavers for use in apparel and industrial fabrics.
CBUS
Cibus
$112.34Mn
1.47
-3.29%
+12.21%
Cibus develops and licenses gene-edited plant traits for major agricultural crops, including herbicide tolerance in rice and canola and disease resistance in soybean and wheat. Its primary revenue model is based on royalties from seed companies for these agricultural genetics.
PZG
Paramount Gold Nevada
$108.63Mn
1.26
-4.55%
-5.26%
The company is specifically engaged in acquiring, exploring, and developing precious metals projects, with a focus on expanding mineral resources into reserves. Its business model centers on the potential sale of these gold-focused exploration properties to producers or operating mines on its own properties.
FURY
Fury Gold Mines
$100.25Mn
0.53
-1.85%
-20.90%
Fury Gold Mines is a gold exploration company focused on growing a multi-million ounce gold portfolio through discoveries in Canada. Its material mineral properties, including the Eau Claire, Éléonore South, Sakami, and Committee Bay projects, are all dedicated to identifying and developing gold deposits.
CBAT
2nd
CBAK Energy Technology
$100.17Mn
1.13
-9.60%
+25.56%
Through its subsidiary Hitrans, the company produces and sells NCM precursors and cathode materials, which are critical lithium-ion battery materials sold to other battery manufacturers.
CRCUF
Canagold Resources
$98.92Mn
0.51
-1.92%
+50.00%
Canagold Resources is an exploration-stage company focused on the acquisition and development of precious metal properties, specifically gold exploration in North America. Its primary asset is the New Polaris project, and it identifies as a junior exploration company within the gold mining industry.
NICM
2nd
Nicola Mining
$96.53Mn
5.50
-6.30%
—
The company holds a significant interest in the Dominion Creek Gold Property and focuses on the exploration and development of gold-bearing mineral properties.
GRO
Brazil Potash
$94.76Mn
2.23
-5.51%
-14.23%
The company is developing the Autazes project to produce muriate of potash, which is a primary crop nutrient. Its intended revenue model is selling this potash to Brazilian farmers and agricultural distributors like Amaggi and Keytrade.
USGO
U.S. GoldMining
$93.51Mn
6.92
-3.76%
-45.25%
The company is an exploration-stage entity focused on the Whistler project, which is described as a porphyry style gold copper system. Its primary strategic goal is to define a mineral resource for gold production to eventually sell to smelters and refiners.
CITR
CitroTech
$84.87Mn
3.77
-13.13%
—
The company develops and markets non-toxic, food-grade flame retardants and fire suppression products like MFB31-CitroTech™ and MFB34-CitroTech™. These are formulated specialty chemicals designed for specific applications such as wildfire defense and treating lumber to inhibit fire and mold.
FEAM
5E Advanced Materials
$83.63Mn
2.79
-0.36%
-23.98%
The company is focused on the extraction and processing of borates and industrial minerals from the Fort Cady Project. Its primary goal is the commercial production of boric acid and other refined borates, which are non-metallic industrial minerals.
ARQ
Arq
$82.34Mn
1.92
-4.95%
-73.33%
Arq manufactures and sells activated carbon products, including powdered, granular, and colloidal carbon powder, which are formulated specialty chemicals used for capturing impurities and pollutants. These products are sold as high-margin, application-specific consumables to coal-fired power plants and water treatment facilities.
THMG
Thunder Mountain Gold
$79.48Mn
0.85
-1.16%
+136.11%
Thunder Mountain Gold is a mineral exploration company focused on defining economically mineable resources of gold and silver. Its primary objective and future revenue model are based on the discovery and eventual sale of gold production.
KBLB
Kraig Biocraft Laboratories
$78.07Mn
0.07
+0.00%
-22.22%
Kraig Biocraft manufactures recombinant spider silk fibers, which are advanced engineered materials formulated for specific high-performance applications. These fibers are sold as specialty inputs to manufacturers of performance apparel, luxury fashion, and flexible composites.
LNZA
2nd
LanzaTech Global
$77.75Mn
5.94
-1.49%
-78.81%
The company's technology is used to produce bulk commodity chemicals and polymers, specifically ethylene and polyethylene, which are base plastics and polymers.
SRL
Scully Royalty
$77.22Mn
5.21
+0.77%
-13.31%
The company's primary business is holding a net revenues royalty interest in the Scully iron ore mine, receiving 7.0% of gross proceeds on iron ore shipped. This activity is directly tied to the extraction and sale of iron ore concentrate to steelmakers and traders.
ATLX
Atlas Lithium
$75.76Mn
2.52
-6.67%
-53.51%
The company's primary asset is the Minas Gerais Lithium Project, and its stated goal is to mine lithium-bearing pegmatites to produce spodumene concentrate. It intends to generate revenue from the production and sale of this lithium concentrate to battery manufacturers and EV producers.
FSI
Flexible Solutions International
$74.69Mn
5.85
+0.17%
-37.23%
The company develops and manufactures specialty chemical products, specifically thermal polyaspartates (TPAs), which are formulated for specific applications such as corrosion and scaling prevention in oilfields and utilities. These products, including brands like EX-10 and Amisorb, are performance-based functional chemicals rather than bulk commodities.
NTIC
Northern Technologies International
$74.07Mn
7.80
+0.00%
+2.63%
The company's primary revenue driver is the ZERUST® line, which provides formulated corrosion prevention solutions including liquids, coatings (Axxatec™, Axxanol™), and vapor-phase inhibitors. These are performance-based specialty chemicals designed for specific industrial applications in automotive, mining, and oil and gas sectors.
YDDL
One & one Green Technologies
$73.36Mn
1.40
-4.11%
—
The company's primary revenue driver is the production of copper alloy ingot, which accounted for 68.5% of its 2025 revenue. It processes electronic waste and metal scrap to produce these base metal products for sale to importers in China and Hong Kong.
GSTX
Graphene & Solar Technologies
$72.69Mn
0.08
+0.00%
—
The company operates the Ausquartz Group Holdings division, which extracts and refines high purity quartz sand sold to producers of silicon and solar cells. This activity matches the description of mining and processing non-metallic industrial minerals like silica.
BSIN
2nd
Big Sky Industrial
$72.43Mn
1.38
-4.17%
+15.97%
The company is developing an industrial gas project on the Kevin Dome in Montana, which is intended to generate future revenue from the sale of carbon dioxide and waste gases to an offtake partner.
TMRC
DyTb
$71.56Mn
0.81
+12.50%
—
The company's primary asset is a membership interest in the Round Top project, which is specifically described as a rare earths project. Its core strategy is to develop a metallurgical process to extract rare earth elements from rhyolite host rock for future sale to electronics, EV battery, and defense manufacturers.
CPSH
2nd
Cps Technologies
$71.54Mn
3.69
-4.16%
+1.93%
The company specializes in advanced materials and formulated specialty polymers/compounds, specifically metal matrix composites that combine metals and ceramics to achieve specific thermal and structural performance properties.
NEXM
NexMetals Mining
$71.30Mn
2.00
-7.83%
-65.22%
The company is focused on the discovery and advancement of nickel, copper, and cobalt resources at the Selebi and Selkirk mines. These are base and industrial metals, and the company explicitly positions itself within the global battery metals sector for these materials.
WWR
Westwater Resources
$66.85Mn
0.52
-1.89%
-46.94%
Westwater Resources mines and processes natural graphite from the Coosa Graphite Deposit to produce coated spherical purified graphite (CSPG). Graphite is a non-metallic industrial mineral used as an anode material, fitting the description of M-16 for specialty minerals that are not principally fertilizers or battery metals like lithium.
SLSN
2nd
Solesence
$58.64Mn
0.83
+0.00%
-74.06%
The company manufactures and supplies active pharmaceutical ingredients, specifically surface-engineered zinc oxide and titanium dioxide, to global personal care manufacturers. These are formulated specialty chemicals used as active ingredients in sunscreens and skin health products.
NAMM
Namib Minerals
$57.87Mn
1.07
-6.14%
-67.58%
The company is an established gold producer that generates its primary revenue from the sale of gold produced at its How Mine to Fidelity. Its operational focus is centered on three gold mines: How Mine, Mazowe Mine, and Redwing Mine.
TRX
Trx Gold
$57.44Mn
1.23
-4.65%
+95.24%
TRX Gold is primarily engaged in the exploration, extraction, and production of gold from its Buckreef Gold Project in Tanzania. The company generates its revenue through the sale of refined gold to refineries, traders, and financial institutions in the global gold trade.
ZTEKF
Zentek
$56.05Mn
0.52
+0.00%
-37.35%
Zentek develops and sells functionalized graphene additives and advanced nanomaterials, which are performance-based specialty chemicals. These products are formulated for specific applications in clean technology and green energy solutions.
BRLL
2nd
Barrel Energy
$55.24Mn
0.49
+0.00%
-48.96%
The company manufactures and distributes proprietary eco-friendly cleaning products under the Happy Traps Cleaners brand, which are formulated for specific use in commercial kitchen environments.
AEC
2nd
Anfield Energy
$55.14Mn
3.57
-1.92%
-63.12%
The company develops vanadium assets, such as the Slick Rock Project, and intends to sell vanadium to steel manufacturers for use in high-strength alloys.
EXOZ
Exozymes
$54.48Mn
5.87
-5.93%
-59.52%
Exozymes engineers advanced enzymes to produce high-value compounds and specialty chemicals, such as isobutanol for sustainable aviation fuel. Its revenue model is based on licensing its technology platform and selling specialized enzymes for these specific industrial applications.
AVD
American Vanguard
$53.10Mn
1.80
-3.74%
-68.59%
The company manufactures and formulates crop-protection chemicals including insecticides, fungicides, herbicides, and soil fumigants. These products are sold to agricultural producers and commercial operators to protect crops and manage pests.
FTEK
2nd
Fuel Tech
$51.51Mn
1.65
-4.07%
-43.69%
The FUEL CHEM segment provides proprietary TIFI targeted in furnace injection chemical programs designed to control slagging, fouling, and corrosion in boilers.
COPR
Idaho Copper
$47.64Mn
3.08
+0.98%
—
The company is focused on the exploration and development of the CuMo Project, which is described as a large copper-molybdenum-silver deposit. Copper is the primary target commodity, with molybdenum and silver identified as significant co-products.
XPL
Solitario Resources
$47.35Mn
0.58
-7.94%
-15.94%
Solitario Resources focuses on the acquisition and exploration of mineral properties for zinc and other base metals. The company specifically mentions joint venture activities for base metal deposits, such as the Lik project in Alaska with Teck American Incorporated.
NVX
2nd
Novonix
$45.84Mn
2.69
-1.10%
-81.06%
The company develops and produces synthetic graphite anode materials for the lithium-ion battery supply chain, with supply agreements in place with Panasonic Energy and PowerCo.
WAMFF
Alaska Silver
$43.64Mn
0.49
+6.52%
-45.56%
The company is a mineral exploration firm focusing on high-grade silver lead zones, with silver listed as a key potential product. Its primary competitive position is based on early-stage discoveries of silver and lead.
SCIA
SCI Engineered Materials
$41.25Mn
9.00
-0.11%
+115.31%
The company manufactures advanced, application-specific materials such as sputtering targets, evaporation sources, and transparent conductive oxides used for PVD thin film applications. These are formulated specialty materials sold to customers in the aerospace, automotive, and semiconductor industries, fitting the description of high-margin, performance-based specialty chemicals/materials.
OMEX
2nd
Odyssey Marine Exploration
$40.50Mn
0.69
-1.43%
-64.06%
The company's core business objective is the discovery and development of high-value seafloor mineral resources. It maintains a diversified mineral portfolio and seeks to earn income from the eventual commercial production of these non-metallic or specialty minerals.
SCYYF
Scandium International Mining
$39.14Mn
0.11
+10.00%
+120.00%
The company is focused on the exploration and development of scandium mineral properties, specifically the Nyngan Scandium Project and Honeybugle Scandium Property. Scandium is a non-metallic industrial/specialty mineral that does not have a dedicated industry code in the provided list, making M-16 the correct classification for this type of mineral extraction.
VRDR
2nd
Verde Resources
$39.13Mn
0.03
+0.00%
-50.00%
The company develops and sells proprietary specialty chemicals and formulated agents, such as the Verde V24 cold mix emulsifying agent and the TerraZyme enzyme-based soil stabilizer, which are differentiated by their specific performance and environmental applications.
GNVR
Genvor
$36.41Mn
1.00
+0.00%
+11.11%
Genvor develops sustainable crop protection and plant health solutions, specifically antimicrobial peptides (AMPs) for disease resistance against fungi, bacteria, and viruses. These are being developed as both non-chemical transgenic seed traits and topical biological spray applications (bio-pesticides) for row crops like corn, soybeans, and cotton.
LGO
Largo
$33.92Mn
0.50
-5.66%
-68.55%
Largo is a primary producer of vanadium and titanium bearing products, generating the vast majority of its revenue from vanadium pentoxide (V2O5) and ferrovanadium (FeV). Vanadium and titanium are base/industrial metals, and the company operates the Maracás Menchen Mine for their extraction and processing.
SRGZ
Star Gold
$32.73Mn
0.16
+0.00%
+1,500.00%
Star Gold is an exploration stage company focused on acquiring and advancing precious metal deposit properties, specifically identifying deposits of gold. The company's primary asset is the Longstreet Property in Nevada, which is being explored for gold mineralization.
UG
2nd
United Guardian
$32.62Mn
7.10
+0.28%
-6.82%
The company manufactures and sells specialty cosmetic and sexual wellness ingredients, which account for approximately 29% of sales, through distributors like Ashland Specialty Ingredients and Brenntag Specialties.
BCHT
2nd
Birchtech
$30.16Mn
1.55
-2.52%
-58.11%
Birchtech produces specialty activated carbon technologies and performance-based sorbents, which are formulated specialty chemicals used for specific purification applications.
GRML
2nd
Greenland Mines
$29.99Mn
11.85
-19.17%
-53.16%
Through its acquired mining subsidiary, the company extracts and sells critical and precious minerals to manufacturers of electronic components and renewable energy equipment.
JAGU
2nd
Jaguar Uranium
$28.47Mn
1.41
-2.76%
—
The company explores for associated base metals including copper, nickel, and zinc, specifically noting stacked uranium vanadium copper mineralization at the Huemul Project.
LUCN
2nd
Lucent
$27.55Mn
4.92
-7.17%
-8.89%
The company holds mineral concessions in the Caborca Orogenic Gold Belt and expects income from the development and sale of gold extracted from the El Mundo and Los Ponchos mines.
BGM
2nd
Bgm
$27.18Mn
0.24
+0.00%
-97.50%
The company explicitly lists fertilizers as one of its core products and identifies a specific customer base of thirty-two dealers for fertilizer products.
TGB
Trekor Metals
$24.47Mn
8.81
+1.97%
+108.27%
The company's primary revenue is generated from the sale of copper and molybdenum concentrates produced at its Gibraltar mine. It is also advancing the Florence Copper project to produce copper cathodes.
DYNR
Dynaresource
$24.12Mn
0.80
-8.05%
-36.00%
The company's primary operation is the extraction and production of gold from the San José de Gracia mine, delivering 20,848 ounces of gold in 2025. Its revenue is tied to the London PM gold fix, indicating gold is the principal driver of its business.
RDGL
2nd
Vivos
$22.77Mn
0.05
+0.00%
-44.44%
Vivos generates revenue from the sale of PLGA g PEG polymers and PrecisionGel, which are formulated specialty polymer and hydrogel products used for delivering active pharmaceutical ingredients.
BIOX
Bioceres Crop Solutions
$22.76Mn
0.36
-2.70%
-75.84%
The company develops and commercializes seed traits, germplasm, and crop-protection chemicals including bionematicides, biofungicides, and bioinsecticides. It specifically mentions its HB4 technology for drought tolerance in soybean and wheat and its seed treatment packs produced by Rizobacter.
IBATF
2nd
International Battery Metals
$22.68Mn
0.06
-14.29%
-64.71%
The company's core purpose is the extraction and refining of lithium from brine deposits to produce lithium chloride and lithium carbonate. It expects to generate revenue from offtake agreements for the lithium carbonate produced via its extraction process.
NWGL
CL Workshop
$22.18Mn
1.34
-5.63%
-2.19%
The company generates its revenue from the sale of wood products, specifically logs (38.6% of 2025 revenue), flooring (51.6%), decking (7.9%), and sawn timber (1.9%). These products are solid-wood building materials sold to international construction and industrial markets.
MERC
Mercer International
$21.45Mn
0.32
+0.00%
-88.93%
Mercer International is one of the largest producers of market pulp, specifically northern bleached softwood kraft (NBSK) and northern bleached hardwood kraft (NBHK) pulp. This activity is its primary business, operating modern pulp mills in Germany and Canada.
LOOP
Loop Industries
$21.27Mn
0.44
-4.35%
-71.05%
Loop Industries manufactures and sells Loop™ branded PET resin and polyester fiber, which are base plastics and polymers. These products are sold to consumer packaged goods companies and apparel manufacturers as commodity inputs for packaging and textiles.
NNUP
Nocopi Technologies
$19.85Mn
1.69
-0.59%
+10.46%
Nocopi Technologies develops and markets specialty reactive inks, such as rubbing-activated and invisible inks, which are formulated for specific performance applications in entertainment and security. These are high-margin, application-specific functional chemicals rather than bulk commodity chemicals.
PMEC
2nd
Primech Holdings
$19.59Mn
0.51
-16.39%
-71.67%
The company manufactures and trades cleaning chemicals and detergents under the D'Bond brand for external sale, which falls under formulated specialty chemicals.
QZMRF
Quartz Mountain Resources
$19.50Mn
0.28
+0.00%
-53.33%
The company's primary focus is the exploration and advancement of mineral properties, specifically highlighting the Jake Property as a large copper gold silver system with a porphyry type deposit. Since copper is a primary target of its exploration activities, it fits within the base and industrial metals category.
DYAI
2nd
Dyadic International
$17.13Mn
0.47
+11.90%
-59.83%
Through its Dapibus platform, the company produces non-animal proteins and enzymes for food, nutrition, and bio-industrial markets, which are formulated specialty chemicals.
ELBM
Electra Battery Materials
$17.02Mn
0.53
-1.85%
-52.25%
Electra generates revenue from the sale of refined battery-grade products such as cobalt sulfate and nickel-cobalt mixed hydroxide precipitate. Cobalt and nickel are explicitly listed as base and industrial metals under the M-10 classification.
MGIH
Millennium Group International Holdings
$16.88Mn
1.50
+0.67%
-31.82%
The company is a paper-based packaging solutions supplier that generates revenue from the sale of corrugated products, offset printed packaging, and flexo printed packaging. These activities align directly with the manufacture of corrugated boxes and paperboard packaging described in M-23.
RYES
Rise Gold
$15.31Mn
0.12
+9.09%
-33.33%
Rise Gold Corp. is a mineral exploration company whose primary asset is the Idaho-Maryland Gold Mine property. The company's entire operational focus is on advancing this gold site toward potential production.
AUST
Austin Gold
$14.24Mn
1.04
-3.70%
-41.90%
Austin Gold is an exploration stage company exclusively focused on gold targets in Nevada and Oregon. Its activities, including drilling and geophysical surveys at the Kelly Creek, Stockade Mountain, and Lone Mountain projects, are dedicated to identifying economically viable gold mineralization.
BLTH
American Battery Materials
$13.79Mn
3.64
-27.20%
-27.20%
The company's primary strategic goal and operational focus is the exploration and development of lithium brine deposits using Direct Lithium Extraction (DLE) technologies. It specifically targets the production of lithium for sale to battery manufacturers and other industrial users.
SKYQ
2nd
Sky Quarry
$13.67Mn
2.60
-2.62%
-28.18%
The company sells the resulting mineral aggregates, which are limestone-like substitutes for traditional crushed stone, to construction material producers and contractors for use in concrete, asphalt, and road base projects.
WHLT
Chase Packaging
$13.07Mn
0.19
+137.50%
+533.33%
The company historically manufactured specialty packaging products, specifically bags and containers, for the agricultural sector. These types of protective packaging for seeds and fertilizers are characteristic of plastic packaging applications.
NGLD
2nd
Nevada Canyon Gold
$10.87Mn
0.38
+0.00%
-35.59%
The company's entire portfolio is focused on gold and precious metals within Nevada's mining districts, including exploration leases on the Lazy Claims, Loman, and Belshazzar properties.
NAII
2nd
Natural Alternatives International
$10.67Mn
1.70
-3.41%
-41.58%
The company generates revenue through the direct sale of raw materials and licensing of intellectual property related to beta-alanine, specifically through brands like CarnoSyn®, SR CarnoSyn®, and TriBsyn™. These are formulated specialty chemicals sold as inputs for nutritional products.
ATCX
Atlas Critical Minerals
$10.18Mn
2.93
-5.48%
—
The company's primary current revenue stream is generated from its iron ore lease, where it receives payments per tonne of run of mine ore extracted based on the Platts IODEX 62% Fe reference price. This activity involves the extraction of bulk iron ore sold to processors that supply steel mills.
BNET
Bion Environmental Technologies
$9.76Mn
0.17
+13.33%
-5.56%
The company's core output is a high purity low carbon nitrogen fertilizer produced via its Ammonia Recovery System (ARS). Management explicitly anticipates future income from selling this OMRI listed nitrogen fertilizer to manufacturers and distributors.
BON
Bon Natural Life
$9.75Mn
1.20
-0.83%
-38.46%
Bon Natural Life manufactures performance and specialty chemicals formulated for specific applications, including fragrance compounds like ambroxide and sclareol for perfume and detergent producers. Its revenue is derived from high-margin, application-specific natural ingredients sold to the personal care, cosmetic, and pharmaceutical sectors.
BGL
Blue Gold
$9.24Mn
0.20
-4.76%
-97.89%
Blue Gold Limited operates in the gold mining industry, focusing on the exploration, development, and extraction of gold from assets in Ghana. Its revenue is generated through the production and sale of gold extracted from the Bogoso Prestea gold mine to refiners, traders, and institutional buyers.
XERI
2nd
Xeriant
$9.15Mn
0.01
+0.00%
+0.00%
The company develops nanotechnology-enhanced composite materials under the DUREVER brand, specifically creating panels from recycled plastic and fiber waste, which falls under the production of base plastics and polymers.
AQMS
Aqua Metals
$8.93Mn
2.52
-3.82%
-64.31%
Aqua Metals focuses on the recovery and refining of lithium from battery feedstocks, specifically aiming to sell recovered materials such as lithium carbonate and lithium hydroxide. Its primary business activity is the extraction and processing of lithium for battery and cathode makers.
FMST
2nd
Foremost Clean Energy
$8.78Mn
0.67
-6.94%
-78.10%
The company operates a Lithium Exploration segment focused on the Lithium Lane Properties in Manitoba to discover and develop lithium-bearing pegmatites for battery materials.
EPOW
E-Power
$8.06Mn
5.20
-8.13%
+477.78%
The company's primary revenue source (approximately 99%) comes from manufacturing and selling graphite anode materials for lithium-ion batteries. Its customers include major battery manufacturers such as BYD Company Limited and Contemporary Amperex Technology Co., Limited.
NGTF
2nd
NightFood Holdings
$8.01Mn
0.03
+0.00%
+0.00%
Through its SWC Group subsidiary, the company sells custom-printed foodservice packaging products, including containers and eco-friendly packaging solutions, to over 6,000 foodservice operators.
SCGY
2nd
Scientific Energy
$7.90Mn
0.03
+0.00%
-88.46%
The company has a substantive business line sourcing natural flake graphite from Madagascar and selling refined graphite powder to industrial customers in the aerospace, steel, and automotive sectors, contributing $24.8 million in revenue.
TARSF
Silver North Resources
$7.63Mn
0.16
-5.88%
-33.33%
The company is a mineral exploration firm that concentrates specifically on silver exploration, with its primary focus on the Haldane and Tim silver properties in the Yukon Territory. Its core business activities involve acquiring exploration rights and conducting drilling programs to evaluate silver deposits.
FNUC
2nd
Frontier Nuclear & Minerals
$7.01Mn
1.41
-3.42%
-69.94%
The company maintains exploration stage assets for lithium in Manitoba, Canada, and holds mineral claims for the Snow Lake Lithium project.
DSS
Dss
$6.93Mn
0.69
-2.82%
-50.71%
The company's Product Packaging segment, led by Premier Packaging Corporation, specializes in custom paperboard and fiber-based packaging solutions such as folding cartons and mailers. These products are sold to pharmaceutical, nutraceutical, and consumer goods companies.
SEED
Origin Agritech
$6.82Mn
0.91
+0.00%
-15.74%
Origin Agritech focuses on the research, development, and commercialization of genetically modified corn seeds, specifically developing traits for herbicide tolerance and insect resistance. Its primary revenue is generated from the sale of these seeds to Chinese farmers and distributors, as well as licensing its proprietary traits to other seed companies.
YHGJ
2nd
Yunhong Green Cti
$6.44Mn
2.47
-0.80%
-50.60%
The company manufactures film products for packaging and custom applications, as well as flexible containers for packaging and consumer storage, which contribute roughly 8% of its sales.
LTUM
Lithium
$5.89Mn
0.05
+0.00%
+25.00%
The company is an exploration-stage miner with a primary focus on lithium mineralization, specifically targeting lithium brine and lithium clay in Nevada. Its revenue model is tied to these assets through option agreements and royalty interests, such as a 3.5% net smelter return on Nevada lithium claims.
XTGRF
Xtra-Gold Resources
$5.77Mn
1.84
-1.60%
-14.02%
Xtra-Gold Resources is a mineral exploration company focused exclusively on gold deposits in Ghana. Its revenue is generated from the sale of fine gold recovered from its concessions, totaling 3,391 ounces sold in 2025.
INM
InMed Pharmaceuticals
$5.66Mn
1.36
-1.45%
-40.09%
The company generates its current revenue primarily through its subsidiary BayMedica LLC, which manufactures and sells bulk rare cannabinoids like cannabichromene and cannabidivarin. These are sold as specialty chemical ingredients to B2B customers in the nutraceutical, cosmetic, and functional food sectors.
GLNS
Golden Star Resource
$5.66Mn
0.80
+0.00%
-23.81%
The company is an exploration-stage corporation specifically engaged in the search for gold ore bodies. Its stated primary objective is to locate and eventually extract and sell gold to buyers of precious metals.
NMEX
2nd
Northern Minerals & Exploration
$5.57Mn
0.05
+0.00%
-28.57%
The company has a dedicated Mineral Exploration segment focused on the exploration for gold deposits in northern Nevada, where it holds mineral interests.
GURE
Gulf Resources
$5.32Mn
3.16
-1.86%
-45.52%
The company is a major producer of bromine and crude salt, which are bulk basic chemicals used as commodity inputs for alkali and chlorine alkali production. These products are sold in high volumes to industrial customers for use in flame retardants, water purification, and food and beverage industries.
AHNRF
Athena Gold
$5.15Mn
0.21
+0.00%
-47.50%
Athena Gold is a mining company with a primary focus on gold properties, specifically engaged in the exploration and development of gold projects in Nevada and Ontario. Its business model is centered on identifying economically recoverable gold reserves to eventually enter production or attract joint venture partners.
CHNR
China Natural Resources
$4.93Mn
3.92
-3.92%
-19.01%
The company is primarily engaged in the exploration for lead and other nonferrous metals at the Moruogu Tong Mine in Inner Mongolia. Its business profile explicitly identifies it as an exploration stage enterprise in the base metals sector.
YMAT
2nd
J-Star Holding
$4.38Mn
1.57
+0.64%
-74.68%
The company develops and sells carbon fiber prepreg sheets and proprietary resin systems (such as Nano-CT and Nano-GS), which are formulated specialty chemicals used as high-performance materials.
MGNC
Mag Magna
$3.35Mn
0.55
+0.00%
—
The company has strategically shifted its business direction toward the exploration and sale of rare earth minerals, acquiring 21 parcels of real property in Illinois and 3 mining claims in Arizona. It intends to target industrial consumers of rare earth oxides and metals for high-tech applications.
FSTJ
2nd
First America Resources
$3.34Mn
0.42
+0.00%
+68.00%
The company's subsidiary, METech Recycling, has business origins in precious metal recovery and refining activities, and it generates revenue from the recovery of valuable materials from end-of-life devices.
SNES
SenesTech
$3.34Mn
0.63
-11.27%
-86.03%
SenesTech develops and commercializes fertility control products for rodent populations, specifically the ContraPest, Evolve Rat, and Evolve Mouse lines. These products function as non-lethal crop and pest protection chemicals, fitting the description of crop-protection chemicals and biologicals.
PGOL
Patriot Gold
$2.73Mn
0.04
+0.00%
+33.33%
The company is a natural resource exploration company focused on identifying economically extractable reserves and generates its primary revenue from a net smelter returns royalty on the Moss Mine. Given the company name 'Patriot Gold' and its focus on mining claims in Nevada, its primary exposure is to gold.
RNGC
Ranger Gold
$2.48Mn
0.01
+0.00%
+0.00%
The company is an exploration-stage mining company whose primary focus is on the acquisition, exploration, and development of gold properties. Although it currently generates no revenue, its stated business purpose is gold-focused exploration.
LBSR
Liberty Star Uranium & Metals
$2.34Mn
0.02
+0.00%
-60.00%
The company's primary focus is on identifying economically viable deposits of copper, molybdenum, lead, zinc, and other base metals. It specifically targets these materials through exploration activities at the Red Rock Canyon and Tombstone Area properties.
MAGE
Magellan Copper & Gold
$2.34Mn
0.09
+0.00%
-40.00%
The company is a mineral exploration firm targeting both base and precious metals, with a portfolio including projects like Copper Butte and Copper Cliff. Given the company name and the specific mention of copper-focused projects, it fits best within the copper and base metals category.
VYST
Vystar
$2.22Mn
0.09
-10.00%
-30.77%
Vystar's Vytex segment produces ultra low protein natural rubber latex, which is a base polymer/synthetic rubber equivalent sold as a raw material to manufacturers of gloves, condoms, and balloons. This activity matches the description of manufacturing base plastics, polymers, and synthetic rubber as commodity inputs.
GWAV
Greenwave Technology Solutions
$2.04Mn
2.46
+2.93%
-63.39%
The company generates its primary revenue from the sale of processed ferrous metals, including heavy melting steel and shredded scrap grades, which are sold specifically to steel mills for the production of finished steel.
RMESF
Red Metal Resources
$1.99Mn
0.07
+0.00%
+250.00%
The company is focused on the exploration of mineral properties with the specific intent of selling copper, cobalt, and other base metal concentrates to customers like ENAMI and the Dos Amigos heap leach facility.
ITP
It Tech Packaging
$1.91Mn
0.14
-12.50%
-48.15%
The company generates approximately 99.8% of its revenue from the sale of corrugating medium paper, which is a primary component of corrugated boxes and paper-based packaging. Its customers are domestic packaging manufacturers and printing firms.
SNRG
2nd
SusGlobal Energy
$1.42Mn
0.01
+0.00%
-80.00%
The company processes digestate from its anaerobic digestion process into organic compost and pathogen-free liquid fertilizer sold to agricultural, wine, and cannabis markets.
LINMF
Linear Minerals
$1.38Mn
0.13
+0.00%
+225.00%
Linear Minerals focuses on the exploration and development of base metal deposits. Since the profile explicitly mentions 'base metal deposits' as a core focus alongside precious metals, and M-10 covers copper, zinc, lead, nickel, and other industrial metals, it is the most appropriate fit for their base metal activities.
SDST
Stardust Power
$1.28Mn
0.11
+0.00%
-96.43%
Stardust Power is developing a lithium refinery to produce battery grade lithium carbonate (BGLC) from various brine sources. Its primary intended revenue stream is the sale of this refined lithium to battery manufacturers and electric vehicle OEMs.
DXST
2nd
Decent Holding
$1.27Mn
1.95
-10.96%
-93.91%
The company generates 16.15% of its revenue from the sale of standalone microbial products, including COD-decreasing bacteria, algae removal bacteria, and ammonia nitrogen decreasing bacteria, which are formulated specialty chemicals for water quality enhancement.
GKOR
Golkor
$1.15Mn
0.03
+0.00%
-98.42%
The company's primary operational effort is a joint venture focused on the development and operation of a gold mining and milling company in Colorado. It serves customers in the precious metals market, specifically selling gold concentrate and refined gold.
MINR
Minerva Gold
$919.80K
0.14
+0.00%
-53.33%
Minerva Gold is a mineral exploration company specifically focused on identifying and developing gold deposits, such as the Arsy deposit in the Kyrgyz Republic. Its primary business objective is the eventual extraction and sale of gold.
GNTOF
Gentor Resources
$778.13K
0.02
+0.00%
+0.00%
Gentor Resources is a mineral exploration company specifically focused on the acquisition and evaluation of properties containing copper and base metals. Its historical activities include exploration for volcanogenic massive sulfide systems in Oman and Turkey.
AVPMF
Avrupa Minerals
$646.75K
0.01
+0.00%
+0.00%
Avrupa Minerals is a junior exploration company focused on discovering valuable mineral deposits in Europe. Since it is a diversified explorer targeting multiple mineral belts (Iberian Pyrite Belt, Vihanti Pyhäsalmi, and Kosovo) without a single dominant metal focus, it is classified under M-07 as the bucket for bulk ores and diversified mining exploration.
ENRT
Enertopia
$516.97K
0.05
+0.00%
-83.33%
Enertopia is primarily engaged in lithium exploration and development, controlling 88 mineral lode claims in Nevada. The company's core activity involves advancing the West Tonopah Lithium Project through drilling and metallurgical testing to serve battery manufacturers and EV producers.
SMTK
SmartKem
$505.27K
1.75
-3.85%
-97.76%
SmartKem develops and sells formulated organic semiconductor inks and materials, specifically its TRUFLEX® semiconductor polymer platform. These are high-margin, application-specific performance chemicals used for thin film transistors, which fits the description of specialty chemicals.
HHHEF
37 Capital
$456.18K
0.03
+0.00%
—
The company holds a gross receipts royalty interest in lithium mineral exploration properties in Ontario and operates a segment specifically for Ontario Lithium Properties. This represents its most concrete potential revenue stream and a core focus of its asset portfolio.
NRHI
2nd
Natural Resource Holdings
$377.10K
0.09
+0.00%
-25.00%
The company previously acquired gold mining claims in Canada as part of its pivot to the natural resources sector, although these assets were later impaired.
TSEOQ
Trinseo
$366.00K
0.01
+0.00%
-99.61%
Trinseo focuses on specialty material solutions, producing customized compounds, high-performance rigid thermoplastic compounds (PC/ABS blends), and specialty PMMA resins for automotive, medical, and electronics applications. Its Engineered Materials segment emphasizes differentiation through high-performance grades and sustainable formulations, which aligns with the specialty chemicals definition.
CNEY
Cn Energy
$301.17K
0.58
+3.57%
-76.80%
CN Energy manufactures wood-based activated carbon, which is a performance-based specialty material used for specific applications in pharmaceutical, food and beverage, and water purification sectors. Its revenue is derived from selling these high-purity formulated materials to wholesalers and deep-processing firms.
TII
Titan Mining
$242.38K
2.66
-6.67%
+60.24%
The company's primary revenue is generated from the sale of zinc concentrates produced at the Empire State Mine, which are sold under an offtake agreement to Glencore Ltd. Zinc is explicitly listed as a base and industrial metal under the M-10 classification.
TANH
Tantech Holdings
$148.10K
17.50
+21.70%
-79.41%
Tantech manufactures formulated specialty chemicals and functional products under the Charcoal Doctor brand, including air purifiers, deodorants, bamboo vinegar-based detergents, and sanitizers. These are high-margin, application-specific products differentiated by their bamboo-based formulation.
LVROF
2nd
Lavoro
$0.00
0.00
—
-100.00%
Through its Crop Care segment, the company manufactures and distributes off-patent crop protection products and private-label biologicals. Crop protection accounted for 50% of its total product mix in FY2025.
PUBC
Purebase
$0.00
0.00
—
-100.00%
Purebase develops and sells specialized fertilizers and soil amendments, such as the Humic Advantage product sourced from leonardite, specifically for the agriculture market. Its revenue is generated from selling these nutrient-focused products to farmers and agricultural distributors like Helena Agri Enterprises LLC.
RITE
Mineralrite
$0.00
0.00
—
-100.00%
MineralRite focuses on the acquisition and monetization of mineral assets, specifically emphasizing previously processed tailings and above-ground materials. These non-metallic and general mineral resource opportunities align with the industrial minerals category for companies processing non-metallic or specialty minerals.
SENR
2nd
Strategic Environmental & Energy Resources
$0.00
0.00
—
-100.00%
The PelleChar business line sells biochar pellets for soil amendment applications, which are formulated specialty materials used for specific agricultural performance.
