Materials & Mining
Critical and battery materials, metals and mining.
Leadership as of 2026-10-27: Lagging. Relative to SPY: 5 sessions +0.7pp, 21 sessions −13.1pp, 63 sessions −9.4pp. Participation 5%; 17 of 29 members eligible.
- 21-session excess -13.1pp
- 63-session excess -11.2pp (robust)
Member companies
- Southern Copper Corporation (SCCO)
- Ero Copper Corp. (ERO)
- Trekor Metals Limited (TGB)
- Freeport-McMoRan, Inc. (FCX)
- Teck Resources Ltd (TECK)
- Hudbay Minerals Inc. (HBM)
- Nexa Resources S.A. (NEXA)
- MP Materials Corp. (MP)
- Sigma Lithium Corporation (SGML)
- Almonty Industries Inc. (ALM)
- Albemarle Corporation (ALB)
- NioCorp Developments Ltd. (NB)
- Ivanhoe Electric Inc. (IE)
- Lithium Argentina AG (LAR)
- Americas Gold and Silver Corpor (USAS)
- USA Rare Earth, Inc. (USAR)
- United States Antimony Corporat (UAMY)
- American Battery Technology Com (ABAT)
- Algoma Steel Group Inc. (ASTL)
- GrafTech International Ltd. (EAF)
- Evolution Metals & Technologies (EMAT)
- Ferroglobe PLC (GSM)
- Insteel Industries, Inc. (IIIN)
- Lithium Americas Corp. (LAC)
- Lifezone Metals Limited (LZM)
- Standard Lithium Ltd. (SLI)
- TMC the metals company Inc. (TMC)
- Trilogy Metals Inc. (TMQ)
- Western Copper and Gold Corpora (WRN)
Themes in this family
- Critical Materials: Lagging — 21-session vs SPY −14.4pp, participation 0%
- Lithium: Tracked (too few stocks for a leadership state) — 21-session vs SPY −11.9pp, participation 0%
- Precious Metals: Exposure tag
- Steel & Steel Inputs: No price data