Global Materials High Return On Equity, Low Debt

Southern Copper

Market Cap: US$148.2b

Engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile.

Gold Fields

Market Cap: R732.6b

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

Chandra Asri Pacific

Market Cap: Rp577.4t

Provides chemical and infrastructure solutions in Indonesia and Singapore.

Polyus

Market Cap: ₽1.1t

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

Jordan Phosphate Mines

Market Cap: د.أ7.1b

Engages in the mining and processing of phosphate ore.

Dangote Cement

Market Cap: ₦10.6t

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

National Aluminium

Market Cap: ₹664.1b

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

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.

Minsur

Market Cap: S/19.0b

Operates as a mining company in Peru and Brazil.

Nanshan Aluminium International Holdings

Market Cap: HK$35.8b

An investment holding company, engages in the production and sale of alumina in Malaysia, Hong Kong, Singapore, Indonesia, and South Korea.

K92 Mining

Market Cap: CA$6.4b

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

Corporación Moctezuma. de

Market Cap: Mex$70.6b

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

Lingbao Gold Group

Market Cap: HK$30.3b

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

Raspadskaya

Market Cap: ₽198.1b

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

Fauji Fertilizer

Market Cap: PK₨844.1b

Manufactures, purchases, and markets fertilizers and chemicals in Pakistan.

Ciments du Maroc Société Anonyme

Market Cap: د.م26.0b

Engages in the manufacture and sale of cement in Morocco.

Wesdome Gold Mines

Market Cap: CA$3.9b

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

Egypt Aluminum

Market Cap: ج.م106.4b

Produces, manufactures, markets, and distributes aluminum products.

Lafarge Africa

Market Cap: ₦2.5t

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

Jinan Acetate Chemical

Market Cap: NT$50.7b

Engages in the research and development, production, and sale of cellulose acetate, acetate tows, acetic anhydride, diacetate fiber filament, diacetate fiber tow, and other related products in Asia, Europe, America, and Africa.

Jiangsu Zhengdan Chemical Industry

Market Cap: CN¥11.0b

Jiangsu Zhengdan Chemical Industry Co., Ltd.

Altius Minerals

Market Cap: CA$2.1b

Engages in the mineral and renewable royalties and project generation businesses in Canada, Brazil, and the United States.

Abu Qir Fertilizers and Chemical Industries (S.A.E.)

Market Cap: ج.م65.4b

Abu Qir Fertilizers and Chemical Industries Co.

Mineros

Market Cap: Col$5.1t

Engages in the exploration, development, and production of gold in Central and South America.

Alphamin Resources

Market Cap: CA$1.7b

Engages in the production and sale of tin concentrate.

Cita Mineral Investindo

Market Cap: Rp20.1t

Engages in bauxite mining activities in Indonesia.

Guizhou Zhongyida

Market Cap: CN¥8.0b

Produces and sells fine chemical products in the People’s Republic of China.

Andean Precious Metals

Market Cap: CA$1.6b

Engages in the acquisition, exploration, development, and processing of mineral resource properties in the United States.

KuibyshevAzot

Market Cap: ₽68.4b

Public Joint Stock Company KuibyshevAzot, together with its subsidiaries, engages in the manufacture, distribution, and sale of various chemicals in Russia, Asia, rest of Europe, and internationally.

Vinacomin - Minerals Holding

Market Cap: ₫29.0t

Engages in mining and mineral processing business.

East Pipes Integrated Company for Industry

Market Cap: ر.س4.1b

Provides coating services on pipes provided by the customers.

Santacruz Silver Mining

Market Cap: CA$1.5b

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

Chilanga Cement

Market Cap: K16.0b

Engages in the manufacture and sale of cement products in Zambia.

Yunnan Jinxun Resources

Market Cap: HK$5.8b

Engages in the smelting, beneficiation, deep processing, and recycling of non-ferrous metal new energy material in China and internationally.

Wuxi Double Elephant Micro Fibre MaterialLtd

Market Cap: CN¥4.7b

Manufactures and sells artificial and synthetic leather products in the People’s Republic of China and internationally.

AltynGold

Market Cap: UK£448.3m

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