Global Materials Healthy potentially undervalued

Duc Giang Chemicals Group

Market Cap: ₫20.5t

Manufactures industrial products in Vietnam.

Hoa Phat Group

Market Cap: ₫209.9t

Produces and sells steel products in Vietnam.

Aurelia Metals

Market Cap: AU$440.3m

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

Regis Resources

Market Cap: AU$5.1b

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

Cabka

Market Cap: €44.0m

Manufactures and sells pallets and large containers made from recycled plastic in Europe, North America, and internationally.

Silgan Holdings

Market Cap: US$4.2b

Manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally.

IAMGOLD

Market Cap: CA$16.1b

Through its subsidiaries, operates as a gold producer and developer in Canada and Burkina Faso.

Transcontinental

Market Cap: CA$456.9m

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

Ero Copper

Market Cap: CA$4.1b

Engages in the exploration, development, and production of mining projects in Brazil.

SSR Mining

Market Cap: CA$9.5b

Engages in the acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina.

Tessenderlo Group

Market Cap: €1.2b

Engages in the agriculture, valorizing bio-residuals, machinery, mechanical engineering, electronics, energy, and industrial solution businesses worldwide.

LOTTE Fine Chemical

Market Cap: ₩1.2t

Manufactures and sells chemical products in South Korea, the rest of Asia, North America, Europe, and internationally.

Kumho Petro ChemicalLtd

Market Cap: ₩2.8t

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

Malayan Cement Berhad

Market Cap: RM 9.2b

An investment holding company, produces, manufactures, and trades in cement, clinker, ready-mix concrete, drymix, quarry, and other building materials and related products primarily in Malaysia and Singapore.

Zhejiang Juhua

Market Cap: CN¥90.7b

Researches, develops, produces, and sells chemical raw materials, food packaging materials, fluorine chemical raw materials, and subsequent products in China.

Akzo Nobel

Market Cap: €8.4b

Produces and sells paints and coatings worldwide.

Corticeira Amorim S.G.P.S

Market Cap: €869.8m

Engages in the acquisition and transformation of cork into various cork and cork-related products in Europe, the United States, Rest of America, Australasia, and Africa.

RPM International

Market Cap: US$12.9b

Provides specialty chemicals for the construction, industrial, specialty, and consumer markets.

LG Chem

Market Cap: ₩22.5t

Operates as a chemical company in Korea, China, Asia/Oceania, the United States, Europe, and internationally.

Anhui Conch Cement

Market Cap: CN¥116.2b

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

UNID

Market Cap: ₩532.4b

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

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.

Tianshan Aluminum GroupLtd

Market Cap: CN¥82.9b

Produces and sells primary aluminum, alumina, prebaked anodes, high-purity aluminum, and aluminum deep-processed products and materials in China and internationally.

Atalaya Mining Copper

Market Cap: UK£1.1b

Engages in the mineral exploration and development in Spain.

Commercial Metals

Market Cap: US$7.0b

Manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally.

Navigator Company

Market Cap: €2.4b

Manufactures and markets pulp and paper products worldwide.

Titan

Market Cap: €3.5b

Engages in the production, trade, and distribution of construction materials in Greece, the Balkans, Egypt, Türkiye, the United States, and Brazil.

B2Gold

Market Cap: CA$9.0b

Operates as a gold producer company in Canada.

CPH Group

Market Cap: CHF 330.9m

Develops, manufactures, and distributes chemical products and packaging solutions for pharmaceutical customers in Europe, Asia, and North and South America.

Sylvamo

Market Cap: US$1.7b

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

Gulf Oil Lubricants India

Market Cap: ₹43.9b

Manufactures, markets, and trades lubricating oils, greases, and other derivatives for use in the automobile and industrial sectors in India.

JCHX Mining ManagementLtd

Market Cap: CN¥36.3b

Engages in mine engineering, development, and construction activities in the People’s Republic of China and internationally.

Aeris Resources

Market Cap: AU$454.9m

Explores, produces, and sells precious metals in Australia.

Henan Shenhuo Coal Industry and Electricity Power

Market Cap: CN¥70.5b

Henan Shenhuo Coal Industry and Electricity Power Co.

International Paper

Market Cap: US$18.9b

Produces and sells renewable fiber-based packaging in North America, Latin America, Europe, South America, and North Africa.

Equinox Gold

Market Cap: CA$16.4b

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