Global Materials Healthy potentially undervalued

Aurelia Metals

Market Cap: AU$440.1m

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

Huaibei Mining HoldingsLtd

Market Cap: CN¥34.9b

Primarily engages in coal mining, washing, processing, sales, and production of coal chemical products in China.

Transcontinental

Market Cap: CA$1.6b

Engages in the flexible packaging business in Canada, the United States, Latin America, the United Kingdom, and internationally.

Suzano

Market Cap: R$59.6b

Manufactures and sells pulp and paper products in Brazil and internationally.

Kumho Petro ChemicalLtd

Market Cap: ₩2.7t

Manufactures and sells synthetic rubber and resins, specialty chemicals, nanocarbon, energy, and building materials in South Korea and internationally.

Eastman Chemical

Market Cap: US$6.7b

Operates as a specialty materials company in the United States, China, and internationally.

Billerud

Market Cap: SEK 20.0b

Provides paper and packaging materials worldwide.

UNID

Market Cap: ₩500.6b

Manufactures and sells potassium based chemical products in South Korea and internationally.

MeiHua Holdings GroupLtd

Market Cap: CN¥30.3b

Manufactures nutritional solutions and products in China and internationally.

SeAH Steel

Market Cap: ₩342.7b

Manufactures and sells steel products in South Korea.

Anhui Conch Cement

Market Cap: CN¥137.1b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

Vidrala

Market Cap: €2.9b

Manufactures and sells glass containers for food and beverage products in the United Kingdom, Ireland, Italy, Iberian Peninsula, rest of Europe, and Brazil.

Breedon Group

Market Cap: UK£1.2b

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

Saudi Aramco Base Oil Company - Luberef

Market Cap: ر.س15.7b

Produces and sells base oils and various by-products in the Kingdom of Saudi Arabia, the United Arab Emirates, India, Egypt, Singapore, the United States, and internationally.

Navigator Company

Market Cap: €2.2b

Manufactures and markets pulp and paper products worldwide.

Anhui Jinhe IndustrialLtd

Market Cap: CN¥11.6b

Engages in the research and development, production, and sales of food additives, daily chemical flavors, bulk chemicals, and intermediates.

Taiheiyo Cement

Market Cap: JP¥430.7b

Engages in the cement, mineral resources, environmental, construction materials, and other businesses in Japan and internationally.

Avient

Market Cap: US$2.8b

Operates as a formulator of material solutions in the United States, Canada, Mexico, Europe, South America, and Asia.

Tubacex

Market Cap: €431.7m

Engages in the manufacturing and sale of stainless steel and nickel tubes in Spain and internationally.

Huhtamäki Oyj

Market Cap: €3.0b

Provides packaging solutions in the United States, Germany, the United Kingdom, India, Turkey, Australia, Thailand, Poland, South Africa, Spain, Finland, and internationally.

HEXPOL

Market Cap: SEK 28.4b

Develops, manufactures, and sells various polymer compounds and engineered gaskets, seals, and wheels in Sweden, rest of Europe, the United States, rest of the Americas, and Asia.

Kemira Oyj

Market Cap: €2.9b

Operates as a chemicals company in Finland, rest of Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Axalta Coating Systems

Market Cap: US$5.7b

Through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

OCI Holdings

Market Cap: ₩1.6t

Provides various chemical products and energy solutions in South Korea, the United States, China, rest of Asia, Europe, and internationally.

EPL

Market Cap: ₹68.2b

Manufactures and sells plastic packaging materials in the form of multilayer collapsible tubes, corrugated boxes, and laminates in the Americas, Europe, Africa, the Middle East, South Asia, and the East Asia Pacific.

Discovery Silver

Market Cap: CA$4.3b

A mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in Canada.

Norsk Hydro

Market Cap: NOK 135.4b

Engages in the power production, bauxite extraction, alumina refining, aluminium smelting, and recycling activities worldwide.

Regis Resources

Market Cap: AU$4.3b

Engages in the exploration, evaluation, and development of gold projects in Australia.

BHP Group

Market Cap: AU$214.4b

Operates as a resources company in Australia, Europe, China, Japan, India, South Korea, rest of Asia, North America, South America, and internationally.

Galiano Gold

Market Cap: CA$987.4m

A mining, development, and exploration company.

DeHua TB New Decoration MaterialLtd

Market Cap: CN¥9.2b

Produces and sells environmentally friendly furniture panels in China and internationally.

Gansu Shangfeng CementLtd

Market Cap: CN¥11.0b

Manufactures and sells building materials, and cement and cement clinker products in China.

Daicel

Market Cap: JP¥351.4b

Engages in the materials, medical/healthcare, smart, safety, and engineering plastics businesses in Japan and internationally.

Huaxin Cement

Market Cap: CN¥38.5b

Manufactures and sells cement in China and internationally.

China Hongqiao Group

Market Cap: HK$248.6b

An investment holding company, manufactures and sells aluminum products.

China Jushi

Market Cap: CN¥69.0b

Engages in the manufacture and sale of fiberglass in China and internationally.