Global Materials Healthy potentially undervalued

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.

Kemira Oyj

Market Cap: €2.4b

Operates as a chemicals company in Finland, rest of Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Tubacex

Market Cap: €419.7m

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

Aeris Resources

Market Cap: AU$454.9m

Explores, produces, and sells precious metals in Australia.

Kinross Gold

Market Cap: CA$43.0b

Engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania.

Minerals Technologies

Market Cap: US$2.3b

Develops, produces, and markets various mineral, mineral-based products and services.

Harmony Gold Mining

Market Cap: R171.9b

Engages in the exploration, extraction, and processing of mineral properties in South Africa, Papua New Guinea, and Australia.

Ternium

Market Cap: US$8.2b

Manufactures and distributes steel products in Mexico, Southern Region, Brazil, and internationally.

Zotefoams

Market Cap: UK£225.9m

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

Henan Shenhuo Coal Industry and Electricity Power

Market Cap: CN¥49.3b

Henan Shenhuo Coal Industry and Electricity Power Co.

Luca Mining

Market Cap: CA$294.5m

Engages in the acquisition, exploration, and development of mineral resource properties in North America.

Zijin Mining Group

Market Cap: CN¥727.3b

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

ORG Technology

Market Cap: CN¥11.4b

Provides packaging solutions in China and internationally.

OYAK Çimento Fabrikalari

Market Cap: ₺101.9b

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

H.B. Fuller

Market Cap: US$3.1b

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products.

Alamos Gold

Market Cap: CA$19.4b

Operates as a gold producer in Canada and Mexico.

OceanaGold

Market Cap: CA$8.5b

Engages in the exploration, development, and operation of gold and gold/copper mines in the United States, the Philippines, and New Zealand.

Satellite ChemicalLtd

Market Cap: CN¥80.6b

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

Caledonia Mining

Market Cap: US$388.0m

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

PTT Global Chemical

Market Cap: ฿153.3b

Operates as a chemical company in Thailand and internationally.

Jiangxi Copper

Market Cap: HK$147.3b

Engages in mining, beneficiation, smelting, and processing of copper and gold in Chinese Mainland, China, Hong Kong, and internationally.

Aluminum Corporation of China

Market Cap: HK$157.5b

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: ₫196.3t

Produces and sells steel products in Vietnam.

Yara International

Market Cap: NOK 110.6b

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

CF Industries Holdings

Market Cap: US$17.0b

Engages in the production of ammonia in North America, Europe, and internationally.

Shanghai Putailai New Energy Technology GroupLtd

Market Cap: CN¥59.2b

Engages in the development and sale of materials of lithium-ion batteries and automation equipment in China and internationally.

Umicore

Market Cap: €5.1b

Operates as a materials technology and recycling company in Belgium, Europe, the Asia-Pacific, North America, South America, and Africa.

Hangzhou Huawang New Material TechnologyLtd

Market Cap: CN¥4.9b

Hangzhou Huawang New Material Technology Co.,Ltd.

Osaka Soda

Market Cap: JP¥226.6b

Manufactures and sells basic and functional chemicals products in Asia, Europe, North America, and internationally.

LOTTE Fine Chemical

Market Cap: ₩1.1t

Manufactures and sells chemical products in South Korea, the rest of Asia, North America, Europe, and internationally.

Saudi Cement

Market Cap: ر.س4.6b

Manufactures and sells cement and related products in the Kingdom of Saudi Arabia and internationally.

Hemlo Mining

Market Cap: CA$1.7b

Engages in the production and operation of gold mining assets in Canada.

Chuangxin Industries Holdings

Market Cap: HK$32.1b

Produces and sells electrolytic aluminum and alumina in the People's Republic of China.

Arkema

Market Cap: €4.3b

Manufactures and sells specialty materials in Europe, the United States, Canada, Mexico, China, Hong Kong, Taiwan, and internationally.

Kumho Petro ChemicalLtd

Market Cap: ₩2.8t

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

Poongsan

Market Cap: ₩1.8t

Manufactures and sells copper and copper-related products in South Korea and internationally.