Global Materials Healthy potentially undervalued

Cabka

Market Cap: €49.9m

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

IAMGOLD

Market Cap: CA$14.1b

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

Tessenderlo Group

Market Cap: €1.2b

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

Transcontinental

Market Cap: CA$485.1m

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

SSR Mining

Market Cap: CA$9.3b

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

China Hongqiao Group

Market Cap: HK$205.0b

An investment holding company, manufactures and sells aluminum products in the People's Republic of China, India, Europe, Malaysia, North America, the rest of Southeast Asia, and internationally.

Nufarm

Market Cap: AU$1.0b

Develops, manufactures, and sells crop protection solutions and seed technologies in Europe, the Middle East, Africa, North America, and the Asia Pacific.

Aurelia Metals

Market Cap: AU$499.6m

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

Billerud

Market Cap: SEK 16.0b

Provides paper and packaging materials worldwide.

Allied Gold

Market Cap: CA$4.4b

Operates as gold mining company in Africa.

Dong Hai Ben Tre

Market Cap: ₫3.6t

Produces and trades in industrial paper products and cardboard packaging in Vietnam.

Malayan Cement Berhad

Market Cap: RM 8.7b

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.

Sharda Cropchem

Market Cap: ₹82.2b

A crop protection chemical company, provides various formulations and generic active ingredients worldwide.

Sudarshan Chemical Industries

Market Cap: ₹71.5b

Manufactures and sells organic, inorganic, effect pigments, and dispersions in India 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.

Baoshan Iron & Steel

Market Cap: CN¥119.5b

Manufactures and sells steel products in China and internationally.

Indocement Tunggal Prakarsa

Market Cap: Rp13.7t

Manufactures and sells cement products in Indonesia and internationally.

UNID

Market Cap: ₩428.2b

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

Korea Petrochemical Ind

Market Cap: ₩684.3b

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

Anhui Conch Cement

Market Cap: CN¥87.4b

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

Qinghai Salt Lake IndustryLtd

Market Cap: CN¥155.6b

Manufactures and sells potash fertilizers in China and internationally.

CMOC Group

Market Cap: CN¥378.5b

Engages in the mining, beneficiation, and smelting of base and rare metals in Asia, Africa, South America, and Europe.

Navigator Company

Market Cap: €2.4b

Engages in the production of forestry, pulp, paper, tissue, and packaging solutions worldwide.

Commercial Metals

Market Cap: US$6.8b

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

Ningxia Baofeng Energy Group

Market Cap: CN¥149.4b

Produces and sells chemical products in China and internationally.

Constellium

Market Cap: US$4.0b

Engages in the design, manufacture, and sale of rolled and extruded aluminum products for the aerospace, packaging, automotive, commercial transportation, general industrial, and defense end-markets.

Tianshan Aluminum GroupLtd

Market Cap: CN¥52.2b

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

Sylvania Platinum

Market Cap: UK£227.8m

Operates as a producer of platinum group metals including platinum, palladium, and rhodium, and chrome in South Africa.

Yunnan Yuntianhua

Market Cap: CN¥55.8b

Manufactures and sells fertilizers in China and internationally.

Shandong Hualu-Hengsheng Chemical

Market Cap: CN¥52.6b

Shandong Hualu-Hengsheng Chemical Co., Ltd.

Hyundai Steel

Market Cap: ₩3.7t

Engages in the manufacture and sale of steel and other industrial metal products in Korea, rest of Asia, the United States, and Europe.

Antam (Persero)

Market Cap: Rp70.4t

Operates as a diversified metals and mining company in Indonesia.

Yunnan Aluminium

Market Cap: CN¥77.8b

Produces and sells aluminum primarily in China.

Torex Gold Resources

Market Cap: CA$5.8b

A mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in Mexico and the United States.

Tubacex

Market Cap: €419.7m

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

Elopak

Market Cap: NOK 9.4b

Manufactures and supplies paper-based packaging system solutions for liquid products in Europe, the Middle East, Africa, Asia, Americas, Germany, Canada, Netherlands, Norway, the United States, and internationally.