Global Materials Healthy potentially undervalued

Hoa Phat Group

Market Cap: ₫184.5t

Produces and sells steel products in Vietnam.

Aurelia Metals

Market Cap: AU$601.2m

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

Cabka

Market Cap: €48.7m

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

Silvercorp Metals

Market Cap: CA$3.4b

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

SSR Mining

Market Cap: CA$8.3b

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

Transcontinental

Market Cap: CA$466.9m

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

Malayan Cement Berhad

Market Cap: RM 9.1b

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: ₹74.2b

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

Qinghai Salt Lake IndustryLtd

Market Cap: CN¥151.0b

Manufactures and sells potash fertilizers in China and internationally.

Anhui Conch Cement

Market Cap: CN¥90.5b

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

UNID

Market Cap: ₩410.9b

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

Indocement Tunggal Prakarsa

Market Cap: Rp17.6t

Manufactures and sells cement products in Indonesia and internationally.

Baoshan Iron & Steel

Market Cap: CN¥125.1b

Manufactures and sells steel products in China and internationally.

CMOC Group

Market Cap: CN¥419.4b

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

Fertiglobe

Market Cap: د.إ21.0b

Produces and sells nitrogen-based products in Europe, North and South America, Africa, the Middle East, Asia, and Oceania.

Yunnan Yuntianhua

Market Cap: CN¥54.7b

Manufactures and sells fertilizers in China and internationally.

Vicat

Market Cap: €3.0b

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

Shandong Hualu-Hengsheng Chemical

Market Cap: CN¥58.4b

Shandong Hualu-Hengsheng Chemical Co., Ltd.

Petrovietnam Camau Fertilizer

Market Cap: ₫16.3t

Engages in the production and trading of fertilizers in Vietnam and internationally.

Toyobo

Market Cap: JP¥143.9b

Provides films and functional polymers, industrial materials, and healthcare and textile products worldwide.

Henan Shenhuo Coal Industry and Electricity Power

Market Cap: CN¥58.8b

Henan Shenhuo Coal Industry and Electricity Power Co.

Zotefoams

Market Cap: UK£224.4m

Manufactures, distributes, and sells foam materials in Europe, the Middle East, Africa, North America, and Asia.

Tubacex

Market Cap: €372.3m

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

ORG Technology

Market Cap: CN¥12.4b

Provides packaging solutions in China and internationally.

Zijin Mining Group

Market Cap: CN¥886.5b

Engages in exploration and extraction of metals in Mainland China and internationally.

Satellite ChemicalLtd

Market Cap: CN¥85.2b

A low-carbon chemical company, research, development, production, sale, and service of new electronic chemicals and functional materials in China and internationally.

Alamos Gold

Market Cap: CA$18.3b

Operates as a gold producer in Canada and Mexico.

Trimegah Bangun Persada

Market Cap: Rp58.9t

PT Trimegah Bangun Persada TBK engages in the nickel ore mining and processing in Indonesia and distributes the products to China, Switzerland, Hong Kong, Sweden, and Singapore.

OYAK Çimento Fabrikalari

Market Cap: ₺98.5b

Engages in the production and sale of clinker and cement in Turkey.

Caledonia Mining

Market Cap: US$399.6m

Engages in the exploration, development, and production of gold in Zimbabwe.

Nufarm

Market Cap: AU$1.2b

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

Yara International

Market Cap: NOK 107.9b

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

Vale Indonesia

Market Cap: Rp57.4t

Engages in the mining and processing of nickel in Indonesia.

PTT Global Chemical

Market Cap: ฿165.7b

Operates as a chemical company in Thailand and internationally.

Formosa Chemicals & Fibre

Market Cap: NT$339.8b

Produces and sells petrochemical products, nylon, and rayon fibers in Taiwan and internationally.

Avia Avian

Market Cap: Rp19.3t

Manufactures and distributes paints and building materials in Indonesia.