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: €49.2m

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

Transcontinental

Market Cap: CA$462.4m

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

Silvercorp Metals

Market Cap: CA$3.5b

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

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.

Anhui Conch Cement

Market Cap: CN¥90.5b

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

Baoshan Iron & Steel

Market Cap: CN¥125.1b

Manufactures and sells steel products in China and internationally.

Qinghai Salt Lake IndustryLtd

Market Cap: CN¥151.0b

Manufactures and sells potash fertilizers in China and internationally.

Indocement Tunggal Prakarsa

Market Cap: Rp17.6t

Manufactures and sells cement products in Indonesia and internationally.

UNID

Market Cap: ₩410.9b

Manufactures and sells potassium based chemical products in South Korea 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.

Petrovietnam Camau Fertilizer

Market Cap: ₫16.3t

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

Shandong Hualu-Hengsheng Chemical

Market Cap: CN¥58.4b

Shandong Hualu-Hengsheng Chemical Co., Ltd.

Yunnan Yuntianhua

Market Cap: CN¥54.7b

Manufactures and sells fertilizers in China and internationally.

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.

Titan

Market Cap: €3.9b

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

Vicat

Market Cap: €3.0b

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

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.

Tubacex

Market Cap: €368.0m

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

Zotefoams

Market Cap: UK£208.5m

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

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.

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.

Alamos Gold

Market Cap: CA$19.4b

Operates as a gold producer in Canada and Mexico.

Caledonia Mining

Market Cap: US$420.1m

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.

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.

Aluminum Corporation of China

Market Cap: HK$180.7b

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

China Hongqiao Group

Market Cap: HK$231.3b

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.