Global Materials Undervalued Dividend Payers

BHP Group

Market Cap: AU$201.0b

Operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally.

Rio Tinto Group

Market Cap: UK£76.4b

Engages in exploring, mining, and processing mineral resources worldwide.

Shin-Etsu Chemical

Market Cap: JP¥8.1t

Provides infrastructure, electronics, and functional materials in Japan.

Grupo México. de

Market Cap: Mex$947.2b

Engages in copper production, cargo transportation, and infrastructure businesses worldwide.

Holcim

Market Cap: CHF 35.8b

Provides building materials and solutions worldwide.

CMOC Group

Market Cap: HK$212.1b

Engages in the mining, beneficiation, smelting, and refining of base and rare metals.

AngloGold Ashanti

Market Cap: US$24.6b

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

Packaging Corporation of America

Market Cap: US$17.1b

Manufactures and sells containerboard and uncoated freesheet (UFS) paper products in North America.

Aluminum Corporation of China

Market Cap: HK$131.6b

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

Anhui Conch Cement

Market Cap: HK$131.0b

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

Norsk Hydro

Market Cap: NOK 122.2b

Engages in the power production, bauxite extraction, alumina refining, aluminium smelting, and recycling activities worldwide.

Asahi Kasei

Market Cap: JP¥1.5t

Manufactures and sells chemicals.

Westlake

Market Cap: US$9.7b

Manufactures and markets performance and essential materials, and housing and infrastructure products in the United States, Canada, Germany, China, Mexico, Brazil, France, Italy, and internationally.

Zhejiang NHU

Market Cap: CN¥68.0b

Engages in the production and sale of nutrition, flavor and fragrance, and new polymer materials in the People’s Republic of China.

Jiangxi Copper

Market Cap: HK$73.1b

Engages in exploring, mining, ore dressing, smelting, refining, and processing of copper in Mainland China, Hong Kong, and internationally.

Citic Pacific Special Steel Group

Market Cap: CN¥64.8b

CITIC Pacific Special Steel Group Co., Ltd manufactures and sells steel materials in China.

Satellite ChemicalLtd

Market Cap: CN¥63.8b

A low-carbon chemical company, manufactures and sells functional chemicals, new polymer materials, and new energy materials in China and internationally.

Yunnan Aluminium

Market Cap: CN¥54.7b

Manufactures and sells aluminum in China.

Shandong Hualu-Hengsheng Chemical

Market Cap: CN¥49.9b

Shandong Hualu-Hengsheng Chemical Co., Ltd.

Shandong Nanshan AluminiumLtd

Market Cap: CN¥45.7b

Researches and develops, manufactures, imports, sells, and exports aluminum profiles worldwide.

Yunnan Yuntianhua

Market Cap: CN¥44.2b

Manufactures and sells phosphate and nitrogen fertilizers and formaldehyde copolymers in China.

Tianshan Aluminum GroupLtd

Market Cap: CN¥42.3b

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

Jinduicheng Molybdenum

Market Cap: CN¥41.2b

Engages in the research and development, production, and sale of molybdenum series and trading of molybdenum-related products worldwide.

Henan Shenhuo Coal Industry and Electricity Power

Market Cap: CN¥40.0b

Henan Shenhuo Coal Industry and Electricity Power Co.

Shandong Sunpaper

Market Cap: CN¥39.2b

Produces and sells paper products in China and internationally.

Huafon ChemicalLtd

Market Cap: CN¥36.7b

Engages in the research and development, production, and sale of polyurethane product materials in China and internationally.

Arkema

Market Cap: €4.3b

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

Tosoh

Market Cap: JP¥725.4b

Manufactures and sells basic chemicals, petrochemicals, specialty products, and fine chemicals worldwide.

Huaibei Mining HoldingsLtd

Market Cap: CN¥33.3b

Primarily engages in coal mining, washing, processing, sales, and storage business in China.

Kobe Steel

Market Cap: JP¥649.4b

Engages in the materials, machinery, and electric power businesses worldwide.

MeiHua Holdings GroupLtd

Market Cap: CN¥31.5b

A synthetic biology company, provides amino acid nutrition and health solutions in China and internationally.

Aneka Tambang

Market Cap: Rp69.9t

Operates as a diversified metals and mining company in Indonesia.

Yunnan Tin

Market Cap: CN¥29.5b

Engages in the production, processing, and export of tin in China and internationally.

Yunnan Chihong Zinc & Germanium

Market Cap: CN¥27.8b

Yunnan Chihong Zinc & Germanium Co., Ltd.

Cabot

Market Cap: US$3.9b

Operates as a specialty chemicals and performance materials company.

Johnson Matthey

Market Cap: UK£2.9b

Engages in the clean air, catalyst and hydrogen technology, and platinum group metals (PGM) service businesses in the United Kingdom, Germany, rest of Europe, the United States, rest of North America, China, rest of Asia, and internationally.