Materials
TS - Tenaris S.A.
Tenaris S.A. (NYSE:TS) manufactures seamless steel pipe products on a global basis. The Company also provides pipe handling, stocking, and distribution services to the oil and gas, energy, and mechanical industries. In addition, Tenaris supplies welded steel pipes for gas pipelines in South America.VALE - Companhia Vale do Rio Doce

Companhia Vale do Rio Doce (NYSE:VALE) produces and sells iron ore, pellets, manganese, alloys, gold, nickel, copper, kaolin, bauxite, alumina, aluminum, and potash. The company is based in Brazil, where it also owns and operates railroads and maritime terminals. It is the largest producer of iron ore and it is the second largest producer of nickel, after Norilsk Nickel, of Russia.
SQM - Sociedad Quimica y Minera

Sociedad Quimica y Minera de Chile SA (NYSE:SQM) produces and markets specialty fertilizers including potassium nitrate, sodium nitrate, and potassium sulfate for the agricultural industry. The Company also produces industrial chemicals, iodine and lithium. SQM markets its products in more than 100 countries.
SID - Companhia Siderurgica Nacional

Companhia Siderurgica Nacional S.A. (NYSE:SID) manufactures iron and steel in Brazil. The company operates mines, an integrated steel mill, service centers,ports, and railroads. CSN manufactures and distributes hot-rolled, cold-rolled and galvanized steel products to the automobile, auto parts, civil construction, electrical equipment, and packaging industries.
GGB - Gerdau

Gerdau S.A. (NYSE:GGB) is the world’s 14th largest steel maker, with installed annual capacity of 24.8 million metric tons of steel at year end 2007. Its products include agricultural, civil construction and industrial products, as well as specialty steels. Gerdau's activities are divided into five business segments: Long Steel Brazil, Specialty Steel (Brazil and Spain), Acominas (Brazil), South America (Argentina, Chile, Colombia, Peru and Uruguay), and North America (via 65% ownership of Gerdau Ameristeel NYSE:GNA)
BVN - Compania de Minas Buenaventura

Compania de Minas Buenaventura S.A. (NYSE:BVN) explores for, mines, and processes gold, silver, zinc, and other metals. The company operates mines in Peru, a lime plant, an electric power transmission company, and an engineering services company. Buenaventura also markets metal concentrates to smelters internationally.