Global Materials Undervalued Dividend Payers

AngloGold Ashanti

Market Cap: US$45.2b

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

China Hongqiao Group

Market Cap: HK$343.0b

An investment holding company, manufactures and sells aluminum products.

Nutrien

Market Cap: CA$49.1b

Provides crop inputs and services.

Givaudan

Market Cap: CHF 24.4b

Engages in the manufacture, supply, and sale of fragrance, beauty, taste, and wellbeing products to the consumer goods industry.

Sika

Market Cap: CHF 20.8b

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.

PPG Industries

Market Cap: US$23.9b

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

Smurfit Westrock

Market Cap: US$21.3b

Manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in North America, South America, Europe, Asia, Africa, Australia, and internationally.

Anhui Conch Cement

Market Cap: CN¥116.1b

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

Boliden

Market Cap: SEK 133.5b

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.

Yara International

Market Cap: NOK 135.9b

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

Asahi Kasei

Market Cap: JP¥2.1t

Engages in material, homes, healthcare businesses.

RPM International

Market Cap: US$12.7b

Provides specialty chemicals for the construction, industrial, specialty, and consumer markets.

Citic Pacific Special Steel Group

Market Cap: CN¥82.9b

CITIC Pacific Special Steel Group Co., Ltd engages in the manufacture and sale of steel materials in China.

Tianshan Aluminum GroupLtd

Market Cap: CN¥74.6b

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

Henan Shenhuo Coal Industry and Electricity Power

Market Cap: CN¥68.2b

Henan Shenhuo Coal Industry and Electricity Power Co.

Shandong Nanshan AluminiumLtd

Market Cap: CN¥67.3b

Shandong Nanshan Aluminium Co.,Ltd. is involved in the aluminum processing activity worldwide.

Yunnan Yuntianhua

Market Cap: CN¥63.4b

Manufactures and sells fertilizers in China and internationally.

Ternium

Market Cap: US$7.6b

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

Sumitomo Chemical Company

Market Cap: JP¥857.5b

Engages in Agro & Life Solutions, ICT & Mobility Solutions, Advanced Medical Solutions, Essential & Green Materials, and Sumitomo Pharma.

Nissan Chemical

Market Cap: JP¥822.7b

Engages in the chemicals, performance materials, agricultural chemicals, and pharmaceuticals businesses in Japan and internationally.

Aneka Tambang

Market Cap: Rp84.1t

Operates as a diversified metals and mining company in Indonesia.

Kobe Steel

Market Cap: JP¥773.6b

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

Umicore

Market Cap: €3.9b

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

Trimegah Bangun Persada

Market Cap: Rp72.8t

PT Trimegah Bangun Persada TBK engages in the nickel ore mining and processing in Indonesia and distributes the products to China, Switzerland, Hong Kong, Sweden, and Singapore.

Johnson Matthey

Market Cap: UK£3.2b

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.

ShenZhen YUTO Packaging Technology

Market Cap: CN¥29.1b

Engages in the research, design, development, production, and sale of paper printing and packaging products in China and internationally.

Titan

Market Cap: €3.4b

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

Cabot

Market Cap: US$3.9b

Operates as a specialty chemicals and performance materials company.

Huhtamäki Oyj

Market Cap: €3.0b

Provides packaging solutions in the United States, Germany, the United Kingdom, India, Turkey, Australia, Thailand, Poland, South Africa, Spain, Finland, and internationally.

Kemira Oyj

Market Cap: €2.9b

Operates as a chemicals company in Finland, rest of Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Vicat

Market Cap: €2.8b

Engages in the production and sale of cement, ready-mixed concrete, and aggregates for construction industry.

Vidrala

Market Cap: €2.8b

Engages in the manufacture and sale of glass containers for food and beverage products in the United Kingdom, Ireland, Italy, Iberian Peninsula, rest of Europe, and Brazil.

Aperam

Market Cap: €2.5b

Produces and sells stainless steel and alloy products worldwide.

Wienerberger

Market Cap: €2.5b

Produces and sells clay blocks, facing bricks, roof tiles, and ceramic pavers in Europe West, Europe East, and North America.

Sumitomo Bakelite

Market Cap: JP¥438.6b

Engages in the research and development, manufacture, and sale of semiconductor materials, plastic products, and life products in Japan and internationally.

HEXPOL

Market Cap: SEK 25.0b

Develops, manufactures, and sells various polymer compounds and engineered gaskets, seals, and wheels in Sweden, rest of Europe, the United States, rest of the Americas, and Asia.