U.K. Materials Healthy potentially undervalued

Breedon Group

Market Cap: UK£1.1b

Engages in the quarrying, manufacture, and sale of construction materials and building products in the Great Britain, Ireland, and the United States.

Atalaya Mining Copper

Market Cap: UK£1.2b

Engages in the mineral exploration and development in Spain.

Zotefoams

Market Cap: UK£184.9m

Manufactures, distributes, and sells polyolefin foams in the United Kingdom, rest of Europe, North America, and internationally.

Pan African Resources

Market Cap: UK£3.1b

Engages in the mining, extraction, production, and sale of gold in South Africa.

Kenmare Resources

Market Cap: UK£191.8m

Engages in the production and sale of mineral sand products in China, rest of Asia, Europe, the United States, and internationally.

Hochschild Mining

Market Cap: UK£3.2b

A precious metals company, engages in the exploration, mining, processing, and sale of gold and silver deposits in Peru, Argentina, the United Kingdom, Canada, Brazil, and Chile.

Mondi

Market Cap: UK£3.8b

Engages in the manufacture and sale of packaging and paper solutions in Africa, Western Europe, Emerging Europe, North America, South America, Asia, and Australia.

Ecora Royalties

Market Cap: UK£353.4m

Operates as a natural resource royalty and streaming company in Australia, North and South America, Europe, and internationally.

Johnson Matthey

Market Cap: UK£3.4b

Engages in the clean air, catalyst and hydrogen technology, and platinum group metals (PGM) service businesses in the United Kingdom, Germany, rest of Europe, the United States, rest of North America, China, rest of Asia, and internationally.

RHI Magnesita

Market Cap: UK£1.2b

Develops, produces, sells, installs, and maintains refractory products and systems used in industrial high-temperature processes worldwide.