Global Materials Undervalued Small Caps

Serabi Gold

Market Cap: UK£128.0m

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

Breedon Group

Market Cap: UK£1.3b

Engages in the quarrying, manufacture, and sale of construction materials and building products primarily in the United Kingdom and internationally.

Anhui Jinhe IndustrialLtd

Market Cap: CN¥12.8b

Engages in the chemicals business in China.

West African Resources

Market Cap: AU$2.7b

Engages in the mining, mineral processing, acquisition, exploration, and project development of gold projects in West Africa.

Altri SGPS

Market Cap: €1.0b

Produces and sells cellulosic fibers in Portugal and internationally.

Nippon Carbide Industries

Market Cap: JP¥17.5b

Engages in the electronic and functional products, and films and sheetings business in Japan, Asia, and internationally.

KH Neochem

Market Cap: JP¥92.7b

Researches, manufactures, and sells of petrochemical products in Japan and internationally.

Shengda ResourcesLtd

Market Cap: CN¥10.4b

Through its subsidiaries, engages in the mining development, resource trading, and investment management businesses in China.

Shenzhen Noposion Crop Science

Market Cap: CN¥10.2b

Researches and develops, produces, and sells agricultural inputs in China and internationally.

CNMC Goldmine Holdings

Market Cap: S$174.3m

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

MOIL

Market Cap: ₹78.9b

Engages in the exploration, development, and marketing of various grades of manganese ores in India.

Guangxi Huaxi Nonferrous MetalLtd

Market Cap: CN¥13.0b

Trades in steel, bulk commodities, and other products in China.

Orezone Gold

Market Cap: CA$612.8m

Engages in the mining, exploration, and development of gold properties.

Adeka

Market Cap: JP¥286.6b

Engages in chemicals, food products, and life science businesses.

Asahi Yukizai

Market Cap: JP¥77.1b

Engages in the piping and foundry materials, resins, and water treatment and natural resources exploitation businesses in Japan.

Hainan Mining

Market Cap: CN¥14.0b

Hainan Mining Co., Ltd. mines, processes, and sells iron ore in China.

Xinxiang Chemical Fiber

Market Cap: CN¥6.3b

Produces and sells chemical fiber products in China.

Saudi Steel Pipes

Market Cap: ر.س2.8b

Manufactures and distributes steel pipes in the Kingdom of Saudi Arabia and internationally.

Korea Petrochemical Ind

Market Cap: ₩576.2b

Engages in the production and supply of petrochemicals in Korea and internationally.

PILLAR

Market Cap: JP¥88.5b

Designs, develops, manufactures, and sells various fluid control equipment in Japan.

Sichuan Guoguang Agrochemical

Market Cap: CN¥7.0b

Engages in the research and development, manufacture, marketing, and distribution of agrochemical products and materials in China and internationally.

Tharisa

Market Cap: R6.3b

An investment holding company, engages in the mining, processing beneficiation, marketing, sale, and logistics of platinum group metals (PGMs) and chrome concentrates in South Africa, China, Singapore, Hong Kong, the United States, Australia, Japan, and internationally.

Catalyst Metals

Market Cap: AU$1.3b

Explores and evaluates mineral properties in Australia.

Nanjing COSMOS Chemical

Market Cap: CN¥7.2b

Engages in the research, development, production, and sale of daily chemical raw materials in China and internationally.

Magna Mining

Market Cap: CA$367.4m

Engages in the acquisition, exploration, and development of mineral properties in Canada.

Soken Chemical & Engineering

Market Cap: JP¥24.9b

Manufactures and sells acrylic pressure-sensitive adhesives, functional polymers, organic fine particles, and adhesive tapes in Japan, China, and internationally.

Allied Supreme

Market Cap: NT$20.1b

Manufactures and sells fluoropolymer resin in China, America, and Taiwan.

OSAKA Titanium technologiesLtd

Market Cap: JP¥54.2b

Manufactures and sells titanium products.

Guizhou Chanhen Chemical

Market Cap: CN¥13.7b

Engages in the mining and beneficiation of phosphate and processing of phosphorus in China.

Alphamin Resources

Market Cap: CA$1.1b

Engages in the production and sale of tin concentrate.

Aeris Resources

Market Cap: AU$179.1m

Engages in the production, exploration, and sale of precious metals in Australia.

Topy Industries

Market Cap: JP¥50.8b

Engages in the steel, automotive, industrial machinery components, and other businesses in Japan.

Sappi

Market Cap: R17.6b

Engages in the provision of materials made from woodfiber-based renewable resources in Europe, North America, and South Africa.

Century Aluminum

Market Cap: US$1.8b

Produces and sells standard-grade and value-added primary aluminum products in the United States and Iceland.

USA Rare Earth

Market Cap: US$940.4m

Engages in mining, processing, and supplying rare earths and other critical minerals in the United States.

Tokuyama

Market Cap: JP¥224.7b

Produces and sells various chemical products in Japan.