Global Materials Healthy potentially undervalued

Clariant

Market Cap: CHF 2.4b

Develops, manufactures, distributes, and sells specialty chemicals in Switzerland, Europe, the Middle East, Africa, the United States, and the Asia Pacific.

ArcelorMittal

Market Cap: €44.6b

Operates as integrated steel and mining companies in the Americas, Europe, Asia, and Africa.

Gränges

Market Cap: SEK 18.4b

Engages in the development, production, and distribution of rolled aluminum products in the Americas, Asia, and Europe.

Atalaya Mining Copper

Market Cap: UK£1.3b

Engages in the mineral exploration and development in Spain.

Vicat

Market Cap: €3.0b

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

Outokumpu Oyj

Market Cap: €2.5b

Produces and sells various stainless-steel products in Finland, Germany, Italy, the United Kingdom, other European countries, North America, the Asia-Pacific, and internationally.

CPH Group

Market Cap: CHF 344.1m

Develops, manufactures, and distributes chemical products and packaging solutions for pharmaceutical customers in Europe, Asia, and North and South America.

Methanex

Market Cap: CA$5.0b

Engages in the production and sale of methanol and ammonia in Asia Pacific, North America, Europe, and South America.

Endeavour Silver

Market Cap: CA$3.7b

A silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Mexico, Chile, Peru, and the United States.

Heliostar Metals

Market Cap: CA$572.2m

Engages in gold and silver exploration and mining activities in the United States and Mexico.

Chemtrade Logistics Income Fund

Market Cap: CA$1.8b

Offers industrial chemicals and services in Canada, the United States, and Brazil.

AngloGold Ashanti

Market Cap: US$42.8b

Operates as a gold mining company in Africa, Australia, and the Americas.

Orla Mining

Market Cap: CA$5.2b

Acquires, explores, develops, and exploits mineral properties.

International Paper

Market Cap: US$20.5b

Produces and sells renewable fiber-based packaging in North America, Latin America, Europe, South America, and North Africa.

PPG Industries

Market Cap: US$27.9b

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

Avient

Market Cap: US$3.4b

Operates as a formulator of material solutions in the United States, Canada, Mexico, Europe, South America, and Asia.

LyondellBasell Industries

Market Cap: US$17.2b

Operates as a chemical company in the United States, Germany, China, Mexico, Italy, Japan, France, Poland, the Netherlands, and internationally.

Wesdome Gold Mines

Market Cap: CA$4.2b

Wesdome Gold Mines Ltd. mines, develops, and explores for gold and silver deposits in Canada.

UPL

Market Cap: ₹514.0b

Manufactures and sells pesticides, insecticides, and micronutrients in India, Brazil, the United States, the United Kingdom, and internationally.

Aurubis

Market Cap: €7.9b

Processes metal concentrates and recycling materials in Germany.

Zhongjin GoldLtd

Market Cap: CN¥99.9b

Engages in exploration, mining, beneficiation, and smelting of gold and other non-ferrous metals in China.

Heidelberg Materials

Market Cap: €31.0b

Produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide.

Huhtamäki Oyj

Market Cap: €2.8b

Provides packaging solutions in the United States, Germany, the United Kingdom, India, Turkey, Australia, Thailand, Poland, South Africa, Spain, Finland, and internationally.

HEXPOL

Market Cap: SEK 25.7b

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.

LANXESS

Market Cap: €1.3b

A specialty chemicals company, engages in the development, manufacture, and marketing of chemical intermediates, additives, and consumer protection products worldwide.

Cementir Holding

Market Cap: €2.4b

Operates in the building materials sector in Italy, Nordic and Baltic, Belgium, North America, Turkiye, Egypt, and the Asia Pacific.

Graphic Packaging Holding

Market Cap: US$3.2b

Engages in the design, production, and sale of consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products in the Americas, Europe, and the Asia Pacific.

K92 Mining

Market Cap: CA$5.9b

Engages in the exploration and development of mineral deposits in Papua New Guinea.

USA Rare Earth

Market Cap: US$4.4b

Engages in mining, processing, and supplying rare earths and other critical minerals in the United States, Europe, and Asia.

Nutrien

Market Cap: CA$44.1b

Provides crop inputs and services.

Axalta Coating Systems

Market Cap: US$7.5b

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.

ALPEK. de

Market Cap: Mex$26.7b

Operates as a petrochemical company in Mexico, the United States, Argentina, Brazil, Chile, Canada, the United Kingdom, Oman, and Saudi Arabia.

CRH

Market Cap: US$71.9b

Provides building materials solutions in Ireland, the United States, the United Kingdom, rest of Europe, and internationally.

Zeon

Market Cap: JP¥448.5b

Engages in the elastomer materials, specialty materials, and other businesses in Japan, North America, Europe, and Asia.

Pantoro Gold

Market Cap: AU$932.0m

Engages in the gold mining, processing, and exploration activities in Western Australia.

Trimegah Bangun Persada

Market Cap: Rp53.2t

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.