Global Materials Undervalued Small Caps

Aurelia Metals

Market Cap: AU$491.1m

Engages in the exploration and production of mineral properties in Australia.

Flotek Industries

Market Cap: US$601.5m

Operates as a chemical and data analytics company in the United States, the United Arab Emirates, and internationally.

Atalaya Mining Copper

Market Cap: UK£1.1b

Engages in the mineral exploration and development in Spain.

Elopak

Market Cap: NOK 10.1b

Manufactures and supplies paper-based packaging system solutions for liquid products in Europe, the Middle East, Africa, Asia, Americas, Germany, Canada, Netherlands, Norway, the United States, and internationally.

Aeris Resources

Market Cap: AU$443.0m

Explores, produces, and sells precious metals in Australia.

Koppers Holdings

Market Cap: US$770.4m

Provides treated wood products, wood preservation chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally.

CNMC Goldmine Holdings

Market Cap: S$547.1m

An investment holding company, engages in the exploration and mining of gold deposits in Malaysia.

Serabi Gold

Market Cap: UK£253.7m

Engages in the evaluation, exploration, and development of gold and other metals mining projects in Brazil.

Pennar Industries

Market Cap: ₹22.8b

Operates as an engineering company in India and internationally.

Catalyst Metals

Market Cap: AU$1.3b

Engages in the mineral exploration and evaluation in Australia.

TIMAH

Market Cap: Rp27.5t

Engages in tin mining and smelting operations in Indonesia and internationally.

Indian Metals and Ferro Alloys

Market Cap: ₹76.7b

Engages in the production and sale of ferro chrome in India and internationally.

ADF Group

Market Cap: CA$307.8m

Engages in the design and engineering of connections including industrial coatings in Canada and the United States.

Sylvamo

Market Cap: US$1.7b

Produces and markets uncoated freesheet for cutsize, offset paper, and pulp in Europe, Latin America, and North America.

Dynacor Group

Market Cap: CA$254.6m

Engages in the exploration, development, and mining of minerals properties in Peru.

Sylvania Platinum

Market Cap: UK£254.2m

Engages in the retreatment of platinum group metals (PGM) bearing chrome tailings materials in South Africa.

E.I.D.- Parry (India)

Market Cap: ₹150.8b

Engages in the manufacture and sale of sugar, nutraceuticals, and distillery products in India, North America, Europe, and internationally.

Chemtrade Logistics Income Fund

Market Cap: CA$1.9b

Offers industrial chemicals and services in Canada, the United States, and Brazil.

TFF Group

Market Cap: €352.1m

Engages in the wine and spirits ageing in the United States, Europe, France, Asia, and internationally.

SP Group

Market Cap: DKK 4.4b

Manufactures and sells moulded plastic and composite components in Denmark, rest of Europe, the Americas, Asia, the Middle East, Australia, and Africa.

Suzhou Shihua New Material Technology

Market Cap: CN¥9.1b

Suzhou Shihua New Material Technology Co., Ltd.

Zanyu Technology Group

Market Cap: CN¥5.9b

Engages in the research and development, manufacture, and sale of surfactants and oleo chemicals in China and internationally.

Kalekim Kimyevi Maddeler Sanayi Ve Ticaret Anonim Sirketi

Market Cap: ₺16.0b

Operates in the construction chemicals sector in Turkey and internationally.

Zhuzhou Times New Material Technology

Market Cap: CN¥11.2b

Zhuzhou Times New Material Technology Co., Ltd.

Pantoro Gold

Market Cap: AU$1.2b

Engages in the gold mining, processing, and exploration activities in Western Australia.

Ora Banda Mining

Market Cap: AU$2.4b

Engages in the exploration, operation, and development of mineral properties and mining in Australia.

Fauji Cement

Market Cap: PK₨117.1b

Engages in the manufacturing and selling of various types of cement in Pakistan.

Surya Roshni

Market Cap: ₹60.0b

Manufactures and sells steel pipes and strips, and lighting and consumer durables in India.

Flügger group

Market Cap: DKK 1.0b

Designs, manufactures, and markets decorative paints, wood protection products, spackling pastes, and wallpaper and tools.

Century Iron and Steel IndustrialLtd

Market Cap: NT$25.1b

Century Iron and Steel Industrial Co.,Ltd.

Ddev Plastiks Industries

Market Cap: ₹25.6b

Manufactures and sells customised plastic compounds in India and internationally.

Osaka Soda

Market Cap: JP¥227.3b

Manufactures and sells basic and functional chemicals products in Asia, Europe, North America, and internationally.

Resolute Mining

Market Cap: AU$2.6b

Engages in mining, prospecting, and exploration of mineral properties in Africa.

Champion Iron

Market Cap: AU$2.7b

Engages in the acquisition, exploration, development, and production of iron ore properties in Canada.

Fenix Resources

Market Cap: AU$241.0m

Provides mining, logistics, and port services in Western Australia.

Santacruz Silver Mining

Market Cap: CA$987.8m

Engages in the acquisition, exploration, development, production, and operation of mineral properties in Latin America.