Global Materials Undervalued Dividend Payers

Heidelberg Materials

Market Cap: €28.1b

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

PPG Industries

Market Cap: US$25.0b

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

Aluminum Corporation of China

Market Cap: HK$178.3b

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

LyondellBasell Industries

Market Cap: US$22.0b

Operates as a chemical company in the United States, Germany, China, Mexico, Italy, Japan, France, Poland, the Netherlands, and internationally.

Baoshan Iron & Steel

Market Cap: CN¥126.3b

Manufactures and sells steel products in China and internationally.

Endeavour Mining

Market Cap: CA$20.7b

Operates as a gold mining company in West Africa.

UPM-Kymmene Oyj

Market Cap: €12.4b

Engages in the forest-based bioindustry worldwide.

Asahi Kasei

Market Cap: JP¥2.2t

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

Yunnan Aluminium

Market Cap: CN¥89.8b

Produces and sells aluminum primarily in China.

Anhui Conch Cement

Market Cap: CN¥88.3b

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

Zhejiang NHU

Market Cap: CN¥85.4b

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

Yara International

Market Cap: NOK 114.7b

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.

Tianshan Aluminum GroupLtd

Market Cap: CN¥58.2b

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

Henan Shenhuo Coal Industry and Electricity Power

Market Cap: CN¥57.6b

Henan Shenhuo Coal Industry and Electricity Power Co.

Shandong Nanshan AluminiumLtd

Market Cap: CN¥54.3b

Engages in the aluminum processing business worldwide.

Yunnan Yuntianhua

Market Cap: CN¥54.1b

Manufactures and sells fertilizers in China and internationally.

Fertiglobe

Market Cap: د.إ21.5b

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

Arkema

Market Cap: €4.5b

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

Tosoh

Market Cap: JP¥817.8b

Engages in the manufacture and sale of basic chemicals, petrochemicals, specialty products, and fine chemicals.

ShenZhen YUTO Packaging Technology

Market Cap: CN¥32.9b

Provides packaging solutions in China and internationally.

Mitsui Chemicals

Market Cap: JP¥774.7b

Mitsui Chemicals, Inc. manufacture and sell goods or services in life & healthcare solutions, mobility solutions, ICT solutions, and basic & green materials worldwide.

Mitsubishi Gas Chemical Company

Market Cap: JP¥746.6b

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

Mitsubishi Materials

Market Cap: JP¥727.7b

Engages in smelting and sale of copper, gold, silver, lead, tin, palladium, and other metals.

Titan

Market Cap: €3.9b

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

Yamato Kogyo

Market Cap: JP¥705.4b

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

NOF

Market Cap: JP¥625.2b

Manufactures chemicals in Japan.

Huhtamäki Oyj

Market Cap: €3.3b

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

Johnson Matthey

Market Cap: UK£2.7b

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.

Trimegah Bangun Persada

Market Cap: Rp60.2t

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.

Vicat

Market Cap: €2.9b

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

HEXPOL

Market Cap: SEK 30.8b

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.

Kemira Oyj

Market Cap: €2.5b

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

Zeon

Market Cap: JP¥459.1b

Engages in the elastomer materials, specialty materials, and other businesses in Japan, North America, Europe, and Asia.

Adeka

Market Cap: JP¥443.4b

Engages in chemicals, food, and life sciences businesses.

Cementir Holding

Market Cap: €2.3b

Operates in the building materials sector in Italy, Nordic and Baltic, Belgium, North America, Turkiye, Egypt, and the Asia Pacific.