Global Materials High Return On Equity, Low Debt

Southern Copper

Market Cap: US$151.9b

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$49.9b

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

Shandong Hongqiao Aluminum Industry Holding

Market Cap: CN¥308.6b

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

Gold Fields

Market Cap: R657.8b

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

Kinross Gold

Market Cap: CA$50.2b

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

Fresnillo

Market Cap: UK£27.0b

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

Industrias Peñoles. de

Market Cap: Mex$403.9b

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

Dangote Cement

Market Cap: ₦18.2t

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

Harmony Gold Mining

Market Cap: R182.6b

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

Fertiglobe

Market Cap: د.إ26.9b

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

Greatland Resources

Market Cap: AU$10.0b

Operates as a gold and copper mining company.

OceanaGold

Market Cap: CA$9.7b

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

Artemis Gold

Market Cap: CA$8.2b

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

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/17.9b

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

Zhuzhou Smelter GroupLtd

Market Cap: CN¥32.1b

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

K92 Mining

Market Cap: CA$6.3b

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

Lingbao Gold Group

Market Cap: HK$34.6b

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

Pan African Resources

Market Cap: UK£3.2b

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

Corporación Moctezuma. de

Market Cap: Mex$69.5b

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

Lafarge Africa

Market Cap: ₦5.2t

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

Sichuan Gold

Market Cap: CN¥24.9b

Engages in the gold mining business.

Centerra Gold

Market Cap: CA$4.9b

Engages in the operation, development, exploration, and acquisition of gold and copper properties in North America, Turkey, and internationally.

Minera Frisco. de

Market Cap: Mex$58.3b

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

Raspadskaya

Market Cap: ₽198.1b

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

Wesdome Gold Mines

Market Cap: CA$3.8b

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

Fauji Fertilizer

Market Cap: PK₨766.9b

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

Compañía Minera Poderosa

Market Cap: S/9.3b

Engages in the exploitation, extraction, storage, and precipitation of gold in Peru.

Ciments du Maroc Société Anonyme

Market Cap: د.م24.5b

Engages in the manufacture and sale of cement in Morocco.

West African Resources

Market Cap: AU$3.6b

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

Zhaojin International Gold

Market Cap: CN¥15.9b

Engages in the exploration, mining, smelting, and sales of gold products in China.

Egypt Aluminum

Market Cap: ج.م123.2b

Produces, manufactures, markets, and distributes aluminum products.

Altius Minerals

Market Cap: CA$2.9b

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

Abu Qir Fertilizers & Chemical Industries Company (S.A.E)

Market Cap: ج.م105.3b

Manufactures and sells nitrogenous fertilizers, chemical, and other related materials in Egypt and internationally.

East Pipes Integrated Company for Industry

Market Cap: ر.س6.1b

Provides coating services on pipes provided by the customers.