The thing about industrial commodities is that they're incredibly cyclical. Because they are used so widely in construction, automobiles and electronics, they do well when people are buying those items.

Freeport-McMoRan Inc. This industrial-metals powerhouse is one of the largest copper miners in the world and is a major producer of molybdenum, which is used to alloy steel.

Glencore PLC (GLNCY) Copper makes up a big chunk of Glencore's revenue, and the Swiss company also produces the type of coal used in steelmaking, known as metallurgical or coking coal, and markets steelmaking ingredient iron ore sourced from third parties.

BHP Group Ltd. (BHP) The largest miner in the world by stock market value, BHP is a major copper producer and sells metallurgical coal.

Teck Resources Ltd. (TECK) This Canadian copper and metallurgical coal producer is a "moderate buy" with a price target of $44.43, according to a consensus of 19 analysts provided by MarketBeat, representing nearly 60% in upside from where the stock closed July 7.

Southern Copper Corp. (SCCO) This Mexico- and Peru-focused miner says it has the largest copper reserves in the industry. To a much lesser extent than the red metal, it also produces molybdenum, zinc, silver and gold.

Steel Dynamics Inc. (STLD) Turning to the only stock on this list that's seen a meaningful gain year to date, Steel Dynamics' shares have managed a 7.3% increase through July 7.

Nucor Corp. (NUE) Nucor, another steel manufacturing company that uses scrap as its primary raw material, also expects record quarterly earnings in the second quarter.