| BHP Group Ltd | 6,172,223 | 250.4M $ | 12.15 % |
| Rio Tinto PLC | 1,371,694 | 135.9M $ | 6.59 % |
| Freeport-McMoRan Inc | 1,744,798 | 118.8M $ | 5.76 % |
| Glencore PLC | 12,215,961 | 88.3M $ | 4.28 % |
| Vale SA | 4,412,719 | 76.2M $ | 3.69 % |
| Anglo American PLC | 1,360,048 | 67.9M $ | 3.29 % |
| Rio Tinto Ltd | 451,077 | 53.6M $ | 2.60 % |
| Nucor Corp | 278,879 | 49.3M $ | 2.39 % |
| Grupo Mexico SAB de CV | 3,777,248 | 48M $ | 2.33 % |
| Valterra Platinum Ltd | 322,844 | 37.9M $ | 1.84 % |
| ArcelorMittal SA | 570,668 | 37.4M $ | 1.81 % |
| Steel Dynamics Inc | 169,937 | 32.8M $ | 1.59 % |
| Teck Resources Ltd | 554,386 | 32.6M $ | 1.58 % |
| Saudi Arabian Mining Co | 1,656,485 | 30.9M $ | 1.50 % |
| Fortescue Ltd | 2,053,349 | 30.8M $ | 1.50 % |
| Antofagasta PLC | 479,842 | 27.6M $ | 1.34 % |
| Boliden AB | 346,202 | 27.4M $ | 1.33 % |
| Lundin Mining Corp | 833,489 | 26.6M $ | 1.29 % |
| First Quantum Minerals Ltd | 862,967 | 25.8M $ | 1.25 % |
| POSCO Holdings Inc | 88,376 | 25.4M $ | 1.23 % |
| Impala Platinum Holdings Ltd | 1,100,506 | 24.4M $ | 1.19 % |
| Sumitomo Metal Mining Co Ltd | 298,500 | 24.2M $ | 1.18 % |
| Southern Copper Corp | 110,434 | 24.1M $ | 1.17 % |
| Nippon Steel Corp. | 5,871,125 | 23.9M $ | 1.16 % |
| Tata Steel Ltd | 9,056,269 | 21.2M $ | 1.03 % |
| Reliance Inc | 63,713 | 20.1M $ | 0.98 % |
| Alcoa Corp | 315,108 | 19.6M $ | 0.95 % |
| South32 Ltd | 5,476,462 | 17.9M $ | 0.87 % |
| JX Advanced Metals Corp. | 675,500 | 17.9M $ | 0.87 % |
| Hindalco Industries Ltd | 1,641,029 | 16.7M $ | 0.81 % |
| Mitsui Kinzoku Co Ltd | 69,700 | 16.4M $ | 0.79 % |
| KGHM Polska Miedz SA | 170,505 | 16.1M $ | 0.78 % |
| Norsk Hydro ASA | 1,687,684 | 15.7M $ | 0.76 % |
| China Hongqiao Group Ltd | 3,461,000 | 15.6M $ | 0.76 % |
| Sibanye Stillwater Ltd | 3,444,901 | 15.3M $ | 0.74 % |
| Lynas Rare Earths Ltd | 1,102,362 | 14.6M $ | 0.71 % |
| PLS Group Ltd | 3,898,803 | 14.3M $ | 0.70 % |
| CMOC Group Ltd | 4,509,000 | 13.9M $ | 0.67 % |
| Hudbay Minerals Inc | 481,201 | 13.6M $ | 0.66 % |
| Vedanta Ltd | 1,665,645 | 13.2M $ | 0.64 % |
| Northam Platinum Holdings Ltd | 438,100 | 12M $ | 0.58 % |
| Ivanhoe Mines Ltd | 950,020 | 10.9M $ | 0.53 % |
| BlueScope Steel Ltd | 533,776 | 10.6M $ | 0.52 % |
| JSW Steel Ltd | 744,039 | 10.4M $ | 0.50 % |
| Capstone Copper Corp | 998,661 | 10.3M $ | 0.50 % |
| MP Materials Corp | 172,381 | 10.1M $ | 0.49 % |
| Commercial Metals Co | 136,017 | 10M $ | 0.48 % |
| JFE Holdings, Inc. | 696,800 | 9.8M $ | 0.48 % |
| China Steel Corp | 14,240,612 | 9.4M $ | 0.46 % |
| Mineral Resources Ltd | 217,020 | 9.4M $ | 0.45 % |
| Press Metal Aluminium Holdings Bhd | 4,508,600 | 8.3M $ | 0.40 % |
| Aluminum Corp of China Ltd | 4,522,000 | 8.2M $ | 0.40 % |
| Amman Mineral Internasional PT | 17,636,812 | 8M $ | 0.39 % |
| Sandfire Resources Ltd | 558,169 | 8M $ | 0.39 % |
| Aurubis AG | 38,195 | 7.7M $ | 0.38 % |
| thyssenkrupp AG | 606,366 | 7.5M $ | 0.36 % |
| voestalpine AG | 130,543 | 7.5M $ | 0.36 % |
| Cleveland-Cliffs Inc | 692,909 | 7.4M $ | 0.36 % |
| Jiangxi Copper Co Ltd | 1,237,000 | 7.2M $ | 0.35 % |
| MMG Ltd | 5,155,600 | 7.1M $ | 0.34 % |
| SSAB AB | 768,462 | 6.8M $ | 0.33 % |
| Kobe Steel Ltd | 455,200 | 6.6M $ | 0.32 % |
| GERDAU S.A. | 1,576,908 | 6.5M $ | 0.31 % |
| Jindal Steel Ltd | 433,596 | 5.9M $ | 0.29 % |
| Mitsubishi Materials Corp | 148,800 | 5.7M $ | 0.28 % |
| APL Apollo Tubes Ltd | 219,439 | 5.4M $ | 0.26 % |
| Warrior Met Coal Inc | 63,759 | 5.3M $ | 0.26 % |
| IGO Ltd | 825,793 | 5.1M $ | 0.25 % |
| Dowa Holdings Co Ltd | 64,300 | 4.7M $ | 0.23 % |
| CMOC Group Ltd | 1,254,100 | 4.4M $ | 0.21 % |
| Materion Corp | 25,099 | 4.1M $ | 0.20 % |
| ERO Copper Corp | 119,160 | 4.1M $ | 0.20 % |
| Bumi Resources Minerals Tbk PT | 68,994,100 | 4M $ | 0.19 % |
| National Aluminium Co Ltd | 1,004,631 | 3.9M $ | 0.19 % |
| Taseko Mines Ltd | 437,989 | 3.9M $ | 0.19 % |
| Constellium SE | 152,664 | 3.8M $ | 0.18 % |
| NGEx Minerals Ltd | 163,702 | 3.8M $ | 0.18 % |
| Yamato Kogyo Co Ltd | 45,300 | 3.8M $ | 0.18 % |
| Acerinox SA | 227,206 | 3.6M $ | 0.18 % |
| Grupa Kety SA | 11,825 | 3.6M $ | 0.17 % |
| Century Aluminum Co | 68,989 | 3.6M $ | 0.17 % |
| Almonty Industries Inc | 192,468 | 3.6M $ | 0.17 % |
| Jindal Stainless Ltd | 400,010 | 3.4M $ | 0.17 % |
| Hyundai Steel Co | 104,883 | 3.4M $ | 0.16 % |
| NMDC Ltd | 3,737,353 | 3.4M $ | 0.16 % |
| China Nonferrous Mining Corp Ltd | 1,653,000 | 3.2M $ | 0.15 % |
| Eregli Demir ve Celik Fabrikalari TAS | 4,229,222 | 3.2M $ | 0.15 % |
| UACJ Corp | 178,252 | 3.2M $ | 0.15 % |
| Sims Ltd | 200,708 | 3.1M $ | 0.15 % |
| Outokumpu Oyj | 460,598 | 3.1M $ | 0.15 % |
| Hill & Smith PLC | 96,656 | 3.1M $ | 0.15 % |
| Wanguo Gold Group Ltd | 1,298,500 | 3M $ | 0.14 % |
| Liontown Ltd | 2,325,152 | 2.8M $ | 0.14 % |
| APERAM SA | 53,499 | 2.8M $ | 0.14 % |
| TA Chen Stainless Pipe | 2,300,721 | 2.7M $ | 0.13 % |
| Merdeka Copper Gold Tbk PT | 11,835,486 | 2.6M $ | 0.13 % |
| Americas Gold & Silver Corp | 265,796 | 2.6M $ | 0.13 % |
| Kaiser Aluminum Corp | 19,429 | 2.5M $ | 0.12 % |
| Iluka Resources Ltd | 523,453 | 2.5M $ | 0.12 % |
| SSAB AB | 265,661 | 2.4M $ | 0.12 % |
| China Northern Rare Earth Group High-Tech Co Ltd | 259,169 | 2.4M $ | 0.11 % |
| Daido Steel Co Ltd | 154,600 | 2.4M $ | 0.11 % |
| Granges AB | 129,286 | 2.3M $ | 0.11 % |
| Hindustan Copper Ltd | 355,328 | 2.2M $ | 0.11 % |
| Maruichi Steel Tube Ltd | 211,800 | 2.2M $ | 0.11 % |
| Alpha Metallurgical Resources Inc | 13,541 | 2.2M $ | 0.11 % |
| Bekaert SA | 40,811 | 2.1M $ | 0.10 % |
| Alleima AB | 229,242 | 2.1M $ | 0.10 % |
| African Rainbow Minerals Ltd | 126,852 | 2M $ | 0.10 % |
| Ivanhoe Electric Inc / US | 112,931 | 1.9M $ | 0.09 % |
| Nickel Industries Ltd | 2,641,617 | 1.9M $ | 0.09 % |
| Imdex Ltd | 619,598 | 1.9M $ | 0.09 % |
| Aluminum Corp of China Ltd | 934,765 | 1.9M $ | 0.09 % |
| Foran Mining Corp | 346,961 | 1.9M $ | 0.09 % |
| Salzgitter AG | 29,161 | 1.9M $ | 0.09 % |
| Vizsla Silver Corp | 418,138 | 1.8M $ | 0.09 % |
| Labrador Iron Ore Royalty Corp | 77,564 | 1.8M $ | 0.09 % |
| IperionX Ltd | 367,075 | 1.8M $ | 0.09 % |
| USA Rare Earth Inc | 92,564 | 1.7M $ | 0.08 % |
| Champion Iron Ltd | 451,398 | 1.7M $ | 0.08 % |
| Perenti Ltd | 1,025,940 | 1.7M $ | 0.08 % |
| Altius Minerals Corp | 48,482 | 1.7M $ | 0.08 % |
| ATALAYA MINING COPPER SA | 119,776 | 1.7M $ | 0.08 % |
| Qatar Aluminum Manufacturing Co | 3,452,498 | 1.6M $ | 0.08 % |
| Worthington Steel Inc | 39,423 | 1.6M $ | 0.08 % |
| Baoshan Iron & Steel Co Ltd | 1,561,293 | 1.6M $ | 0.08 % |
| Poongsan Corp | 20,339 | 1.6M $ | 0.08 % |
| Deterra Royalties Ltd | 531,152 | 1.6M $ | 0.08 % |
| TMC the metals co Inc | 248,227 | 1.6M $ | 0.08 % |
| Inner Mongolia BaoTou Steel Union Co Ltd | 3,248,621 | 1.5M $ | 0.07 % |
| Bradespar SA | 306,077 | 1.5M $ | 0.07 % |
| AMG Critical Materials NV | 37,516 | 1.5M $ | 0.07 % |
| Ryerson Holding Corp | 56,111 | 1.5M $ | 0.07 % |
| Nittetsu Mining Co Ltd | 53,300 | 1.4M $ | 0.07 % |
| Collective Mining Ltd | 67,189 | 1.4M $ | 0.07 % |
| Lithium Americas Corp | 270,834 | 1.4M $ | 0.07 % |
| Petrosea Tbk PT | 3,638,000 | 1.3M $ | 0.06 % |
| Nippon Light Metal Holdings Co Ltd | 66,240 | 1.3M $ | 0.06 % |
| Jiaxin International Resources Investment Ltd | 105,600 | 1.3M $ | 0.06 % |
| Develop Global Ltd | 317,683 | 1.3M $ | 0.06 % |
| Major Drilling Group International Inc | 97,221 | 1.3M $ | 0.06 % |
| Tung Ho Steel Enterprise Corp | 550,700 | 1.3M $ | 0.06 % |
| United States Antimony Corp | 143,569 | 1.3M $ | 0.06 % |
| Jiangxi Copper Co Ltd | 148,525 | 1.3M $ | 0.06 % |
| Cia Siderurgica Nacional SA | 731,347 | 1.2M $ | 0.06 % |
| Vale Indonesia Tbk PT | 2,607,800 | 1.2M $ | 0.06 % |
| Vulcan Energy Resources Ltd | 457,929 | 1.2M $ | 0.06 % |
| PTC Industries Ltd | 6,128 | 1.2M $ | 0.06 % |
| Guangdong HEC Technology Holding Co Ltd | 219,900 | 1.2M $ | 0.06 % |
| Yodoko Ltd | 129,000 | 1.2M $ | 0.06 % |
| Solaris Resources Inc | 109,415 | 1.2M $ | 0.06 % |
| Tongling Nonferrous Metals Group Co Ltd | 992,200 | 1.1M $ | 0.06 % |
| Sigma Lithium Corp | 79,298 | 1.1M $ | 0.06 % |
| Al Masane Al Kobra Mining Co | 43,748 | 1.1M $ | 0.06 % |
| Xiamen Tungsten Co Ltd | 110,699 | 1.1M $ | 0.05 % |
| Viohalco SA | 60,155 | 1.1M $ | 0.05 % |
| Yunnan Aluminium Co Ltd | 245,200 | 1.1M $ | 0.05 % |
| Feng Hsin Steel Co Ltd | 505,918 | 1.1M $ | 0.05 % |
| Compass Minerals International Inc | 43,384 | 1.1M $ | 0.05 % |
| Shougang Fushan Resources Group Ltd | 2,500,000 | 1.1M $ | 0.05 % |
| Inner Mongolia Xingye Silver&Tin Mining Co Ltd | 126,500 | 1M $ | 0.05 % |
| Welspun Corp Ltd | 111,385 | 1M $ | 0.05 % |
| Shanjin International Gold Co Ltd | 202,840 | 919.7K $ | 0.04 % |
| Ratnamani Metals & Tubes Ltd | 33,760 | 911.3K $ | 0.04 % |
| SeAH Besteel Holdings Corp | 18,914 | 909.9K $ | 0.04 % |
| Tiangong International Co Ltd | 1,642,000 | 884K $ | 0.04 % |
| Shandong Nanshan Aluminum Co Ltd | 841,830 | 867.6K $ | 0.04 % |
| Western Mining Co Ltd | 170,000 | 857.7K $ | 0.04 % |
| Jinduicheng Molybdenum Co Ltd | 239,100 | 854.4K $ | 0.04 % |
| Usha Martin Ltd | 185,319 | 854.4K $ | 0.04 % |
| Godawari Power and Ispat Ltd | 290,247 | 850.2K $ | 0.04 % |
| Aichi Steel Corp | 37,800 | 846.8K $ | 0.04 % |
| TR Anadolu Metal Madencilik Isletmeleri AS | 219,024 | 841.5K $ | 0.04 % |
| Stanmore Resources Ltd | 447,916 | 840.4K $ | 0.04 % |
| Tianshan Aluminum Group Co Ltd | 325,760 | 838K $ | 0.04 % |
| Usinas Siderurgicas de Minas Gerais S/A - USIMINAS | 604,740 | 834K $ | 0.04 % |
| Century Iron & Steel Industrial Co Ltd | 201,000 | 820.7K $ | 0.04 % |
| Metallus Inc | 47,011 | 799.2K $ | 0.04 % |
| WA1 Resources Ltd | 63,147 | 786.5K $ | 0.04 % |
| Henan Shenhuo Coal Industry & Electricity Power Co Ltd | 162,900 | 769.8K $ | 0.04 % |
| EVERGREEN Steel Corp | 223,000 | 733.1K $ | 0.04 % |
| NioCorp Developments Ltd | 136,395 | 722.9K $ | 0.04 % |
| Gravita India Ltd | 40,058 | 711.2K $ | 0.03 % |
| Ramaco Resources Inc | 46,711 | 707.2K $ | 0.03 % |
| Eramet SA | 10,037 | 698.4K $ | 0.03 % |
| Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS | 928,513 | 689.1K $ | 0.03 % |
| China Rare Earth Resources And Technology Co Ltd | 71,800 | 680.1K $ | 0.03 % |
| East Pipes Integrated Co for Industry | 18,151 | 678.7K $ | 0.03 % |
| Tokyo Steel Manufacturing Co Ltd | 64,700 | 670.7K $ | 0.03 % |
| CAP SA | 79,735 | 649.5K $ | 0.03 % |
| Sarda Energy & Minerals Ltd | 104,818 | 636.1K $ | 0.03 % |
| Citic Pacific Special Steel Group Co Ltd | 234,500 | 615.9K $ | 0.03 % |
| SunCoke Energy Inc | 104,822 | 597.5K $ | 0.03 % |
| Ramkrishna Forgings Ltd | 98,012 | 595.2K $ | 0.03 % |
| Maanshan Iron & Steel Co Ltd | 1,704,000 | 595.1K $ | 0.03 % |
| Chung Hung Steel Corp | 1,006,000 | 581.2K $ | 0.03 % |
| Trilogy Metals Inc | 130,757 | 579.3K $ | 0.03 % |
| Western Superconducting Technologies Co Ltd | 42,889 | 563.4K $ | 0.03 % |
| Jindal Saw Ltd | 273,340 | 557.8K $ | 0.03 % |
| Gloria Material Technology Corp | 478,000 | 533.9K $ | 0.03 % |
| American Battery Technology Co | 143,569 | 529.8K $ | 0.03 % |
| Yieh Phui Enterprise Co Ltd | 1,069,831 | 499.3K $ | 0.02 % |
| Hunan Valin Steel Co Ltd | 488,200 | 477K $ | 0.02 % |
| Jastrzebska Spolka Weglowa SA | 62,655 | 476.2K $ | 0.02 % |
| Borusan Birlesik Boru Fabrikalari Sanayi ve Ticaret AS | 32,012 | 472.6K $ | 0.02 % |
| Vulcan Steel Ltd | 90,146 | 461.3K $ | 0.02 % |
| Huaibei Mining Holdings Co Ltd | 210,700 | 414.7K $ | 0.02 % |
| NMDC Steel Ltd | 917,082 | 409.3K $ | 0.02 % |
| Brazilian Rare Earths Ltd | 105,651 | 403K $ | 0.02 % |
| Advanced Building Industries Co | 35,502 | 345.8K $ | 0.02 % |
| Kirloskar Ferrous Industries Ltd | 78,056 | 341.2K $ | 0.02 % |
| Sandur Manganese & Iron Ores Ltd/The | 139,290 | 331.7K $ | 0.02 % |
| Kyoei Steel Ltd | 19,000 | 322.8K $ | 0.02 % |
| Cia de Ferro Ligas da Bahia FERBASA | 186,541 | 308.6K $ | 0.02 % |
| Xinjiang Xinxin Mining Industry Co Ltd | 806,000 | 301.5K $ | 0.01 % |
| Maharashtra Seamless Ltd | 48,273 | 298.2K $ | 0.01 % |
| Saudi Steel Pipe Co | 25,116 | 257.4K $ | 0.01 % |
| MOIL Ltd | 75,266 | 254.6K $ | 0.01 % |
| Osaka Steel Co Ltd | 13,400 | 223.7K $ | 0.01 % |
| Mishra Dhatu Nigam Ltd | 52,963 | 202.1K $ | 0.01 % |
| Surya Roshni Ltd | 80,401 | 198K $ | 0.01 % |
| Jinchuan Group International Resources Co Ltd | 2,398,000 | 156.9K $ | 0.01 % |
| Jai Balaji Industries Ltd | 47,860 | 36.4K $ | 0.00 % |
| UNITED CO RUSAL INTERNATIONAL PJSC | 3,450,000 | 446.3 $ | |
| Alrosa PJSC | 2,886,002 | 373.4 $ | |
| SeAH Steel Holdings Corp | 1 | 98.7 $ | |
| SEVERSTAL' PAO | 233,400 | 30.2 $ | |
| MECHEL PAO | 96,000 | 12.4 $ | |
| Leo Lithium Ltd | 1,454,959 | 10.4 $ | |
| Novolipetsk Steel PJSC | 11,120 | 1.4 $ | |
| CHINA METAL RECYCLING HOLDINGS LTD | 132,000 | 0.2 $ | |
| GMK Norilskiy Nickel PAO | 47,600 | 0.1 $ | |