Global Materials Undervalued Dividend Payers

AngloGold Ashanti

Market Cap: US$42.5b

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

Heidelberg Materials

Market Cap: €30.9b

Produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide.

Sika

Market Cap: CHF 27.4b

A specialty chemicals company, develops, produces, and sells systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and motor vehicle industry worldwide.

Nutrien

Market Cap: CA$44.1b

Provides crop inputs and services.

Gold Fields

Market Cap: R494.4b

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

PPG Industries

Market Cap: US$27.6b

Manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa.

International Paper

Market Cap: US$20.4b

Produces and sells renewable fiber-based packaging in North America, Latin America, Europe, South America, and North Africa.

Aluminum Corporation of China

Market Cap: HK$155.9b

Primarily engages in the exploration and mining of bauxite, coal, and other resources in the People's Republic of China and internationally.

Baoshan Iron & Steel

Market Cap: CN¥118.9b

Manufactures and sells steel products in China and internationally.

Asahi Kasei

Market Cap: JP¥2.5t

Engages in material, homes, and healthcare businesses in Japan, the United States, China, and internationally.

Boliden

Market Cap: SEK 149.7b

Engages in the extracting, producing, and recycling of base metals in Sweden, Finland, other Nordic region, Germany, the United Kingdom, Europe, North America, and internationally.

Zhongjin GoldLtd

Market Cap: CN¥95.7b

Engages in exploration, mining, beneficiation, and smelting of gold and other non-ferrous metals in China.

Zhejiang NHU

Market Cap: CN¥90.8b

Produces and sells nutritional products, fragrances and flavors, polymer materials, and active pharmaceutical ingredients in China and internationally.

Endeavour Mining

Market Cap: CA$18.1b

Operates as a gold mining company in West Africa.

Anhui Conch Cement

Market Cap: CN¥86.5b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

Satellite ChemicalLtd

Market Cap: CN¥79.5b

A low-carbon chemical company, research, development, production, sale, and service of new electronic chemicals and functional materials in China and internationally.

Yunnan Aluminium

Market Cap: CN¥77.6b

Produces and sells aluminum primarily in China.

Yara International

Market Cap: NOK 110.1b

Provides crop nutrition, ammonia, and industrial solutions in Norway, European Union, Europe, Africa, Asia, North America, Latin America, Australia, and New Zealand.

Mitsubishi Chemical Group

Market Cap: JP¥1.6t

Engages in the manufacture and sale of performance products, industrial materials, and other products.

Ternium

Market Cap: US$8.3b

Manufactures and distributes steel products in Mexico, Southern Region, Brazil, and internationally.

Shanjin International Gold

Market Cap: CN¥54.3b

Explores for, mines, and trades in precious and non-ferrous metal ores in China.

Yunnan Yuntianhua

Market Cap: CN¥52.6b

Manufactures and sells fertilizers in China and internationally.

Tianshan Aluminum GroupLtd

Market Cap: CN¥52.1b

Produces and sells primary aluminum, prebaked anodes, high-purity aluminum, alumina, and aluminum foil products in China and internationally.

Compañía de Minas BuenaventuraA

Market Cap: US$7.6b

Engages in the exploration, development, construction, and operation of mines in Peru, the Americas, Europe, and Asia.

Henan Shenhuo Coal Industry and Electricity Power

Market Cap: CN¥48.6b

Henan Shenhuo Coal Industry and Electricity Power Co.

Shandong Nanshan AluminiumLtd

Market Cap: CN¥46.4b

Engages in the aluminum processing business worldwide.

ShenZhen YUTO Packaging Technology

Market Cap: CN¥39.7b

Provides packaging solutions in China and internationally.

Fertiglobe

Market Cap: د.إ21.3b

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

Mitsubishi Gas Chemical Company

Market Cap: JP¥906.9b

Manufactures and sells basic and fine chemicals, and functional materials in Japan.

Umicore

Market Cap: €4.9b

Operates as a materials technology and recycling company in Belgium, Europe, the Asia-Pacific, North America, South America, and Africa.

B2Gold

Market Cap: CA$7.7b

Operates as a gold producer company in Canada.

Shandong Sunpaper

Market Cap: CN¥35.9b

Produces and sells paper products in China and internationally.

Arkema

Market Cap: €4.2b

Manufactures and sells specialty materials in Europe, the United States, Canada, Mexico, China, Hong Kong, Taiwan, and internationally.

Yamato Kogyo

Market Cap: JP¥750.8b

Through its subsidiaries, engages in the manufacture and sale of steel products in Japan and internationally.

Titan

Market Cap: €3.8b

Engages in the production, trade, and distribution of construction materials in Greece, the Balkans, Europe, Egypt, Türkiye, Italy, France, the United States, and Brazil.

NOF

Market Cap: JP¥638.1b

Manufactures chemicals in Japan.