Global Materials Healthy potentially undervalued

Cabka

Market Cap: €39.0m

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

Huaibei Mining HoldingsLtd

Market Cap: CN¥35.2b

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

Hoa Phat Group

Market Cap: ₫206.1t

Produces and sells steel products in Vietnam.

Tokai Carbon

Market Cap: JP¥218.5b

Manufactures and sells carbon-related products and services in Japan.

MEGA P&C Advanced Materials (Shanghai)

Market Cap: CN¥5.4b

Produces and sells solid content, water-based solvent free, and special function coating products in China.

Silvercorp Metals

Market Cap: CA$3.3b

Acquires, explores, develops, and mines mineral properties in China.

Aurelia Metals

Market Cap: AU$507.8m

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

Jiangsu Yangnong Chemical

Market Cap: CN¥28.4b

Engages in the research and development, production, and sale of pesticides in China and internationally.

Champion Iron

Market Cap: AU$2.8b

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

Resolute Mining

Market Cap: AU$3.1b

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

UNID

Market Cap: ₩535.1b

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

CMOC Group

Market Cap: CN¥459.3b

Engages in the mining, beneficiation, smelting, and refining of base and rare metals.

SeAH Steel

Market Cap: ₩355.9b

Manufactures and sells steel products in South Korea.

Vidrala

Market Cap: €3.1b

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

Capital

Market Cap: UK£284.6m

Provides drilling, mining, mineral assaying, and surveying services.

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.

Catalyst Metals

Market Cap: AU$2.0b

Engages in the mineral exploration and evaluation in Australia.

Vicat

Market Cap: €3.2b

Engages in the production and sale of cement, ready-mixed concrete, and aggregates for construction industry.

Atalaya Mining Copper

Market Cap: UK£1.5b

Engages in the mineral exploration and development in Spain.

Torex Gold Resources

Market Cap: CA$5.8b

Operates as an intermediate gold producer.

Aeris Resources

Market Cap: AU$586.1m

Explores, produces, and sells precious metals in Australia.

Welspun

Market Cap: ₹211.7b

Manufactures, trades in, distributes, and sells steel pipes, tubes, bars, coils, and plates in India, the United States, and internationally.

K92 Mining

Market Cap: CA$6.9b

Engages in the exploration and development of mineral deposits in Papua New Guinea.

Fuji Seal International

Market Cap: JP¥154.4b

Engages in planning, proposal, development, manufacturing, and sales of packaging systems.

Groupe Guillin

Market Cap: €427.0m

Produces and sells food packaging products in France, the United Kingdom, Italy, and internationally.

Aspen Aerogels

Market Cap: US$291.7m

An aerogel technology company, designs, develops, manufactures, and sells aerogel materials primarily for use in the energy industrial, sustainable insulation materials, and electric vehicle (EV) markets in the United States, Canada, Asia, Europe, and Latin America.

Yara International

Market Cap: NOK 116.2b

Provides crop nutrition and industrial solutions in Norway, European Union, Europe, Africa, Asia, North and Latin America, Australia, and New Zealand.

Citic Pacific Special Steel Group

Market Cap: CN¥78.1b

CITIC Pacific Special Steel Group Co., Ltd manufactures and sells steel materials in China.

Daicel

Market Cap: JP¥413.2b

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

China Hongqiao Group

Market Cap: HK$351.5b

An investment holding company, manufactures and sells aluminum products.

DeHua TB New Decoration MaterialLtd

Market Cap: CN¥13.4b

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

Jiangxi Copper

Market Cap: HK$187.7b

Engages in mining, smelting, and processing of copper and gold in Chinese Mainland, China, Hong Kong, and internationally.

Lotte Chemical

Market Cap: ₩3.4t

A chemical company, manufactures and distributes petrochemical products.

Semen Indonesia (Persero)

Market Cap: Rp20.3t

Manufactures, packs, and distributes cement in Indonesia and internationally.

Aluminum Corporation of China

Market Cap: HK$239.7b

Primarily engages in the exploration and mining of bauxite, coal, and other resources in the People's Republic of China and internationally.

Imerys

Market Cap: €2.2b

Engages in the supply of specialty minerals for various industries across Europe, the Middle East, Africa, Asia Pacific, and America.