Global Materials High Return On Equity, Low Debt

Southern Copper

Market Cap: US$162.1b

Engages in mining, exploring, smelting, and refining copper and other minerals in Mexico, the United States, Peru, Brazil, Chile, and Other American countries.

AngloGold Ashanti

Market Cap: US$50.8b

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

Shandong Hongqiao Aluminum Industry Holding

Market Cap: CN¥250.2b

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

Gold Fields

Market Cap: R598.0b

Operates as a gold producer with reserves and resources in South Africa, Ghana, Australia, Peru, Canada, and Chile.

Kinross Gold

Market Cap: CA$45.6b

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

Fresnillo

Market Cap: UK£21.1b

Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico.

Valterra Platinum

Market Cap: R370.2b

Engages in the production and supply of platinum group metals, base metals, and precious metals in South Africa, Asia, Europe, North America, and internationally.

Industrias Peñoles. de

Market Cap: Mex$334.1b

Engages in the exploration, extraction, and sale of mineral concentrates and minerals in Mexico, Europe, Canada, Asia, the United States, South America, and internationally.

Solar Industries India

Market Cap: ₹1.8t

Manufactures and sells industrial explosives, explosive initiating devices, and high energy materials for mining and defense applications in India and internationally.

Polyus

Market Cap: ₽1.1t

Public Joint Stock Company Polyus, together with its subsidiaries, engages in the extraction, refining, and sale of gold.

Zangge Mining

Market Cap: CN¥123.1b

Researches, develops, manufactures, and sells potassium chloride and lithium carbonate in China and internationally.

Dangote Cement

Market Cap: ₦17.3t

Engages in the preparation, manufacturing, distribution, and sale of cement and related products in Nigeria.

Harmony Gold Mining

Market Cap: R197.0b

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

Jordan Phosphate Mines

Market Cap: د.أ7.5b

Engages in the mining and processing of phosphate ore in Jordan, Asia, Australia, Europe, Africa, North America, and internationally.

National Aluminium

Market Cap: ₹712.6b

Engages in the manufacture and sale of alumina and aluminum products in India and internationally.

Wanguo Gold Group

Market Cap: HK$57.3b

An investment holding company, engages in mining, ore processing, and sale of concentrate products in the People’s Republic of China and Solomon Islands.

Minera Frisco. de

Market Cap: Mex$113.8b

Engages in the exploration and exploitation of mining lots for the production and sale of gold and silver doré in Mexico.

Discovery Mining

Market Cap: CA$9.2b

A precious metals company, engages in gold production activities.

Artemis Gold

Market Cap: CA$9.1b

Engages in the identification, acquisition, and development of gold properties in Canada.

OceanaGold

Market Cap: CA$9.1b

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

Minsur

Market Cap: S/21.1b

Engages in the mining business in Peru, Europe, the United States, Asia, Canada, and internationally.

Greatland Resources

Market Cap: AU$8.3b

Operates as a gold and copper mining company.

Magnitogorsk Iron & Steel Works

Market Cap: ₽352.0b

Public Joint Stock Company Magnitogorsk Iron & Steel Works, together with its subsidiaries, produces and sells ferrous metal products in Russia and the CIS countries, the Middle East, South Africa, Asia, Europe, North America, and Africa.

Fertiglobe

Market Cap: د.إ21.2b

Produces and sells nitrogen-based products in Europe, North and South America, Africa, the Middle East, Asia, and Oceania.

Hindustan Copper

Market Cap: ₹547.7b

Engages in the exploration, exploitation, and mining of copper and copper ores in India.

K92 Mining

Market Cap: CA$7.1b

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

Century Aluminum

Market Cap: US$4.7b

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

Zhuzhou Smelter GroupLtd

Market Cap: CN¥31.4b

Produces and sells zinc and its alloy products under the Torch brand in China.

Corporación Moctezuma. de

Market Cap: Mex$69.9b

Engages in the production, distribution, and sale of Portland cement, mortar, white cement, ready-mixed concrete, and aggregates in Mexico.

HBM Nigeria

Market Cap: ₦5.4t

Manufactures, markets, and sells cement and other cementitious products in Nigeria.

Lingbao Gold Group

Market Cap: HK$30.4b

Primarily engages in mining, processing, smelting, refining, and sale of gold products in the People’s Republic of China.

Wesdome Gold Mines

Market Cap: CA$4.8b

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

Grupa Kety

Market Cap: zł12.3b

Produces and sells aluminum profiles and components in Poland and internationally.

Raspadskaya

Market Cap: ₽198.1b

Public Joint Stock Company Raspadskaya, together with its subsidiaries, engages in the mining of coking coal.

Pan African Resources

Market Cap: UK£2.3b

Engages in the mining, extraction, production, and sale of gold in South Africa.

Sichuan Gold

Market Cap: CN¥20.2b

Engages in the gold mining business.