Global Materials Undiscovered Gems With Strong Fundamentals

Nippon Carbide Industries

Market Cap: JP¥33.9b

Engages in the electronic and functional products, and films and sheetings business in Japan, Asia, and internationally.

CNMC Goldmine Holdings

Market Cap: S$449.9m

An investment holding company, engages in the exploration and mining of gold deposits in Malaysia.

Shengda ResourcesLtd

Market Cap: CN¥14.5b

Through its subsidiaries, engages in the mining development, resource trading, and investment management businesses in China.

DeHua TB New Decoration MaterialLtd

Market Cap: CN¥9.2b

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

Henan Zhongfu IndustrialLtd

Market Cap: CN¥22.2b

Processes, manufactures, and sells electrolytic aluminum and aluminum products in China.

Mako Mining

Market Cap: CA$909.8m

Engages in mineral exploration and exploitation activities in Nicaragua, the United States, and Guyana.

Metro Mining

Market Cap: AU$540.6m

Operates as an exploration and mining company in Australia.

Shandong Weifang Rainbow Chemical

Market Cap: CN¥16.5b

Operates as a crop protection company in China.

Thong Guan Industries Berhad

Market Cap: RM 583.1m

An investment holding company, manufactures and trades in plastic products and packaged food, beverages, and other consumable products in Malaysia, other Asian countries, Oceania, Europe, North America, and internationally.

Indian Metals and Ferro Alloys

Market Cap: ₹71.6b

Engages in the production and sale of ferro chrome in India and internationally.

SP Group

Market Cap: DKK 4.8b

Manufactures and sells moulded plastic and composite components in Denmark, rest of Europe, the Americas, Asia, the Middle East, Australia, and Africa.

Zanyu Technology Group

Market Cap: CN¥5.0b

Engages in the research and development, manufacture, and sale of surfactants and oleo chemicals and personal care products in China and internationally.

Shenzhen Batian Ecotypic Engineering

Market Cap: CN¥10.8b

Shenzhen Batian Ecotypic Engineering Co., Ltd.

Inner Mongolia Xingye Silver & Tin Mining

Market Cap: CN¥58.6b

Engages in the mining and beneficiation of non-ferrous and precious metals in China, Hong Kong, and Mongolia.

AltynGold

Market Cap: UK£257.5m

Engages in the exploration and development of gold producing mine in the Republic of Kazakhstan.

Santacruz Silver Mining

Market Cap: CA$861.6m

Engages in the acquisition, exploration, development, production, and operation of mineral properties in Latin America.

Hudbay Minerals

Market Cap: CA$13.1b

A diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America.

Alto Ingredients

Market Cap: US$402.2m

Produces, distributes, and markets specialty alcohols, renewable fuel, and essential ingredients in the United States.

China Gold International Resources

Market Cap: CA$8.5b

A gold and base metal mining company, acquires, explores, develops, and mines mineral resources in the People’s Republic of China and Canada.

Sunstone Development

Market Cap: CN¥8.9b

Engages in the research and development, production, and sales of prebaked carbon anodes for the aluminum industry in China and internationally.

Century Aluminum

Market Cap: US$4.6b

Produces primary aluminum and alumina in the United States and Iceland.

Capral

Market Cap: AU$178.4m

Together with its subsidiary, Austex Dies Pty Ltd, manufactures and distributes fabricated and semi-fabricated aluminum-related products in Australia.

Chengdu Wintrue Holding

Market Cap: CN¥14.4b

Engages in the research and development, production, and sale of compound fertilizers.

Serabi Gold

Market Cap: UK£223.4m

Engages in the evaluation, exploration, and development of gold and other metals mining projects in Brazil.

Aica Kogyo Company

Market Cap: JP¥233.6b

Manufactures and sells chemical products in Japan, China, rest of Asia, Oceania, and internationally.

Sichuan Yahua Industrial Group

Market Cap: CN¥22.9b

Engages in lithium and civil explosive businesses in China and internationally.

Fortuna Mining

Market Cap: CA$3.7b

Engages in the precious and base metal mining and related activities in Argentina, Côte d’Ivoire, Mexico, Peru, and Senegal.

Zhejiang Sanmei Chemical IndustryLtd

Market Cap: CN¥40.1b

Zhejiang Sanmei Chemical Industry Co.,Ltd.

Tharisa

Market Cap: R7.2b

An investment holding company, engages in the mining, processing, sale, and logistics of platinum group metals (PGMs) and chrome concentrates in South Africa, China, Singapore, Hong Kong, the United Arab Emirates, and internationally.

ARE Holdings

Market Cap: JP¥244.2b

Engages in refining, manufacturing, and trading of precious metals and rare metals in Japan, Asia, and North America.

Guizhou Chanhen Chemical

Market Cap: CN¥18.5b

Engages in the mining and beneficiation of phosphate and the processing of phosphorus in China.

TIMAH

Market Cap: Rp25.7t

Engages in tin mining and smelting operations in Indonesia and internationally.

Thor Explorations

Market Cap: CA$713.2m

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

West African Resources

Market Cap: AU$3.3b

Engages in the mining, mineral processing, acquisition, exploration, and project development of gold projects in West Africa.

Archi Indonesia

Market Cap: Rp22.8t

Through its subsidiaries, engages in gold and silver mining business in Indonesia.

Koppers Holdings

Market Cap: US$867.7m

Provides treated wood products, wood preservation chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally.