Global Materials Healthy potentially undervalued

Aurelia Metals

Market Cap: AU$448.5m

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

Huaibei Mining HoldingsLtd

Market Cap: CN¥34.6b

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

Suzano

Market Cap: R$59.6b

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

Transcontinental

Market Cap: CA$1.6b

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

Kumho Petro ChemicalLtd

Market Cap: ₩2.6t

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

Billerud

Market Cap: SEK 20.2b

Provides paper and packaging materials worldwide.

Eastman Chemical

Market Cap: US$6.7b

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

Anhui Conch Cement

Market Cap: CN¥135.2b

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

UNID

Market Cap: ₩517.2b

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

MeiHua Holdings GroupLtd

Market Cap: CN¥30.0b

Manufactures nutritional solutions and products in China and internationally.

SeAH Steel

Market Cap: ₩347.5b

Manufactures and sells steel products in South Korea.

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¥11.4b

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

PPG Industries

Market Cap: US$22.2b

Manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa.

Verallia Société Anonyme

Market Cap: €2.6b

Manufactures and sells glass packaging products for beverages and food products worldwide.

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: €435.4m

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

HEXPOL

Market Cap: SEK 28.5b

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.

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.

Taiheiyo Cement

Market Cap: JP¥430.7b

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

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.

Satellite ChemicalLtd

Market Cap: CN¥63.5b

A low-carbon chemical company, manufactures and sells functional chemicals, new polymer materials, and new energy materials in China and internationally.

EPL

Market Cap: ₹66.3b

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.

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.

Galiano Gold

Market Cap: CA$987.4m

A mining, development, and exploration company.

China Jushi

Market Cap: CN¥66.8b

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

China Hongqiao Group

Market Cap: HK$251.1b

An investment holding company, manufactures and sells aluminum products.

DeHua TB New Decoration MaterialLtd

Market Cap: CN¥9.4b

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

Lotte Chemical

Market Cap: ₩2.8t

A chemical company, manufactures and distributes petrochemical products.

Citic Pacific Special Steel Group

Market Cap: CN¥70.4b

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

Gansu Shangfeng CementLtd

Market Cap: CN¥10.6b

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

Huaxin Cement

Market Cap: CN¥38.3b

Manufactures and sells cement in China and internationally.