In 2021, the basic materials sector could be one of the market’s biggest winners. This is owing to the increased emphasis on the manufacturing of green technology, such as electric vehicles (EVs). Metals produced and processed by this industry, in particular, are among the most important components necessary for the creation of EVs. Some of the big names in the materials business include Rio Tinto, Freeport-McMoRan, LyondellBasell, and IP. The increased popularity of basic materials stocks like Rio Tinto Group is due to a number of factors. Between January and May 2021, the S&P 500 Materials Index increased by nearly 25%. The gain has also significantly surpassed the 500’s return, being nearly double the benchmark’s return during the same time period.
Insider Monkey looks at the 10 Russell 2000 basic materials dividend stocks. FutureFuel Corp. is a diversified chemical, bio-based fuel, and bio speciality chemical maker and seller in the United States. On the list of Russell 2000 basic materials dividend stocks, the company is ranked 10th. FutureFuel’s revenue increased by 56.3 percent to $74.12 million in the second quarter of 2021. Cabot Corporation is ranked 9th. The company’s revenue of $917 million was up 77.03 percent year over year and $112.30 million higher than analysts’ expectations. Oil-Dri Corporation of America is ranked eighth. In the third quarter of 2021, the company’s revenue of $76.26 million was up 8.86 percent year over year. SunCoke Energy, Inc. is ranked 7th. In the last six months, the stock has risen 18.21%, and in the last year, it has risen 59.48%. In the United States and Brazil, it is an independent coke manufacturer. Glatfelter Corporation is ranked 6th. The company’s revenue of $244.91 million was up 13.29 percent year over year and $2.91 million higher than analysts’ expectations. For more details, click 10 Russell 2000 Basic Materials Dividend Stocks To Buy.
