Global Materials High Return On Equity, Low Debt

Southern Copper

Market Cap: US$170.7b

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$57.1b

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

Gold Fields

Market Cap: R734.4b

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

Fresnillo

Market Cap: UK£26.3b

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

Chandra Asri Pacific

Market Cap: Rp465.0t

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.أ7.6b

Engages in the mining and processing of phosphate ore.

Dangote Cement

Market Cap: ₦13.6t

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

National Aluminium

Market Cap: ₹727.2b

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

Artemis Gold

Market Cap: CA$9.6b

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

Greatland Resources

Market Cap: AU$8.8b

Operates as a gold and copper mining company.

Fertiglobe

Market Cap: د.إ22.8b

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

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/19.3b

Operates as a mining company in Peru and Brazil.

K92 Mining

Market Cap: CA$7.3b

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

Nanshan Aluminium International Holdings

Market Cap: HK$40.2b

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

Pan African Resources

Market Cap: UK£3.2b

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

Lingbao Gold Group

Market Cap: HK$30.5b

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

Corporación Moctezuma. de

Market Cap: Mex$67.3b

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

Shougang Hierro Perua

Market Cap: S/11.6b

A mining company, exploits, processes, and markets iron ore in Peru.

Raspadskaya

Market Cap: ₽198.1b

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

Compañía Minera Poderosa

Market Cap: S/9.9b

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

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₨777.6b

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

Ciments du Maroc Société Anonyme

Market Cap: د.م24.2b

Engages in the manufacture and sale of cement in Morocco.

Lafarge Africa

Market Cap: ₦3.4t

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

Egypt Aluminum

Market Cap: ج.م110.3b

Produces, manufactures, markets, and distributes aluminum products.

Castrol India

Market Cap: ₹184.5b

Manufactures and markets automotive and industrial lubricants in India and internationally.

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

Market Cap: ج.م98.3b

Abu Qir Fertilizers and Chemical Industries Co.

Hemlo Mining

Market Cap: CA$2.2b

Operates as a gold production company.

Altius Minerals

Market Cap: CA$2.2b

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

Jiangsu Zhengdan Chemical Industry

Market Cap: CN¥9.7b

Jiangsu Zhengdan Chemical Industry Co., Ltd.

Jinan Acetate Chemical

Market Cap: NT$44.0b

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.

Nexa Resources PerúA

Market Cap: S/4.6b

Engages in the exploration, exploitation, production, and commercialization of metals in Peru, the United States, Europe, and Asia.

Vinacomin - Minerals Holding

Market Cap: ₫34.8t

Engages in mining and mineral processing business.

Alphamin Resources

Market Cap: CA$1.8b

Engages in the production and sale of tin concentrate.