Global Materials Healthy potentially undervalued

Discovery Silver

Market Cap: CA$4.3b

A mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in Canada.

Norsk Hydro

Market Cap: NOK 135.4b

Engages in the power production, bauxite extraction, alumina refining, aluminium smelting, and recycling activities worldwide.

Citic Pacific Special Steel Group

Market Cap: CN¥71.0b

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

China Hongqiao Group

Market Cap: HK$248.6b

An investment holding company, manufactures and sells aluminum products.

Huaxin Cement

Market Cap: CN¥38.5b

Manufactures and sells cement in China and internationally.

Lotte Chemical

Market Cap: ₩2.8t

A chemical company, manufactures and distributes petrochemical products.

Aluminum Corporation of China

Market Cap: HK$157.9b

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

Hoa Phat Group

Market Cap: ₫227.2t

Produces and sells steel products in Vietnam.

NV Bekaert

Market Cap: €1.9b

Provides steel wire transformation and coating technologies worldwide.

Ramelius Resources

Market Cap: AU$7.3b

Engages in the exploration, evaluation, mine development and operation, production, and sale of gold.

Iluka Resources

Market Cap: AU$3.2b

Engages in the exploration, project development, mining, processing, marketing, and rehabilitation of mineral sands in Australia, China, rest of Asia, Europe, the Americas, and internationally.

LOTTE Fine Chemical

Market Cap: ₩1.2t

Engages in the manufacture and sale of chemical products in Korea.

Resolute Mining

Market Cap: AU$2.3b

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

Jinan Shengquan Group Share Holding

Market Cap: CN¥27.2b

Jinan Shengquan Group Share Holding Co., Ltd.

Western MiningLtd

Market Cap: CN¥56.9b

Engages in the mining, smelting, and trading of metals in Mainland China and internationally.

Wanhua Chemical Group

Market Cap: CN¥212.0b

Provides polyurethane, petrochemical, and performance chemicals and materials worldwide.

Jiangsu Yangnong Chemical

Market Cap: CN¥29.3b

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

ShenZhen YUTO Packaging Technology

Market Cap: CN¥25.0b

ShenZhen YUTO Packaging Technology Co., Ltd.

Malayan Cement Berhad

Market Cap: RM 9.2b

An investment holding company, produces, manufactures, and trades in cement, clinker, drymix, ready-mix concrete, and other building materials and related products primarily in Malaysia and Singapore.

Gold Road Resources

Market Cap: AU$3.8b

Engages in the exploration of gold properties in Australia.

Syensqo

Market Cap: €6.7b

Engages in the research, development, and production of advanced materials for industrial and consumer applications worldwide.

Boliden

Market Cap: SEK 114.5b

Engages in the extracting, producing, and recycling of base metals in Sweden, Finland, other Nordic region, Germany, the United Kingdom, Europe, North America, and internationally.

Alcoa

Market Cap: US$9.1b

Engages in the bauxite mining, alumina refining, aluminum production, and energy generation business in Australia, Brazil, Canada, Iceland, Norway, Spain, the United States, and internationally.

Steel Dynamics

Market Cap: US$20.8b

Operates as a steel producer and metal recycler in the United States.

Xinfengming Group

Market Cap: CN¥25.2b

Researches, develops, produces, and sells polyester filaments.

Hunan Valin Steel

Market Cap: CN¥44.8b

Engages in the production and sale of ferrous and non-ferrous metal products in China.

Shandong Nanshan AluminiumLtd

Market Cap: CN¥48.0b

Shandong Nanshan Aluminium Co.,Ltd. is involved in the aluminum processing activity worldwide.

Fortescue

Market Cap: AU$58.9b

Engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally.

Korea Petrochemical Ind

Market Cap: ₩664.8b

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

Coronado Global Resources

Market Cap: AU$586.8m

Produces, markets, and exports metallurgical coal in Asia, North America, South America, Europe, Australia, and internationally.

Sichuan Guoguang Agrochemical

Market Cap: CN¥7.1b

Engages in the research and development, manufacture, marketing, and distribution of agrochemical products and materials in China and internationally.

Huangshan NovelLtd

Market Cap: CN¥7.0b

Manufactures and sells packaging materials in China and internationally.

Shandong Weifang Rainbow Chemical

Market Cap: CN¥22.5b

Operates as a crop protection company in China.

Nucor

Market Cap: US$30.7b

Engages in the manufacture and sale of steel and steel products.

Shanjin International Gold

Market Cap: CN¥65.3b

Explores for, mines, and trades in precious and non-ferrous metal ores in China.

Zhejiang NHU

Market Cap: CN¥75.9b

Engages in the production and sale of nutrition, flavor and fragrance, and new polymer materials in the People’s Republic of China.