German Materials Potentially Undervalued Companies

Central Asia Metals

Market Cap: €269.9m

Operates as a base metals producer.

Semapa - Sociedade de Investimento e Gestão SGPS

Market Cap: €1.5b

Through its subsidiaries, produces and sells uncoated woodfree (UWF) printing and writing paper in Portugal, rest of Europe, the United States, Africa, Asia, and Oceania.

Vale

Market Cap: €236.9b

Produces and sells iron ore, iron ore pellets, nickel, and copper in Brazil and internationally.

Shougang Fushan Resources Group

Market Cap: €13.3b

An investment holding company, engages in the business of coking coal mining and production and sales of coking coal products in the People's Republic of China.

Fortuna Mining

Market Cap: €2.3b

Engages in the precious and base metal mining and related activities in Argentina, Burkina Faso, Côte d’Ivoire, Mexico, Peru, and Senegal.

Equinox Gold

Market Cap: €3.8b

Engages in the acquisition, exploration, development, and operation of mineral properties in the Americas.

Zijin Mining Group

Market Cap: €490.7b

A mining company, engages in the exploration, mining, processing, refining, and sale of gold, non-ferrous metals, and other mineral resources in Mainland China and internationally.

Sylvamo

Market Cap: €2.3b

Produces and markets uncoated freesheet for cutsize, offset paper, and pulp in Europe, Latin America, and North America.

Norsk Hydro

Market Cap: €112.2b

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

Sumitomo Chemical Company

Market Cap: €557.3b

Engages in Chemicals & Plastics, energy and functional materials, IT-related chemicals, health and crop sciences, pharmaceuticals, and other businesses worldwide.

Nissan Chemical

Market Cap: €567.5b

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

Nippon Steel

Market Cap: €3.0t

Engages in steelmaking and steel fabrication, engineering and construction, chemicals and materials, and system solutions businesses in Japan and internationally.

Dundee Precious Metals

Market Cap: €3.2b

A gold mining company, engages in the acquisition, exploration, development, mining, and processing of precious metals.

Glencore

Market Cap: €31.6b

Engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania.

Anhui Conch Cement

Market Cap: €128.0b

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

Serabi Gold

Market Cap: €109.1m

Engages in the evaluation, exploration, and development of gold and other metals mining projects in Brazil.

Axalta Coating Systems

Market Cap: €7.1b

Through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

Shin-Etsu Chemical

Market Cap: €9.0t

Provides infrastructure, electronics, and functional materials in Japan.

Asahi Kasei

Market Cap: €1.3t

Manufactures and sells chemicals.

IAMGOLD

Market Cap: €5.1b

Through its subsidiaries, operates as a gold producer and developer in Canada and Burkina Faso.

Newmont

Market Cap: €55.7b

Engages in the production and exploration of gold properties.

Daido Steel

Market Cap: €200.4b

Manufactures and sells steel products in Japan and internationally.

RHI Magnesita

Market Cap: €1.5b

Develops, produces, sells, installs, and maintains refractory products and systems used in industrial high-temperature processes worldwide.

Navigator Company

Market Cap: €2.5b

Manufactures and markets pulp and paper products worldwide.

China National Building Material

Market Cap: €27.0b

An investment holding company, engages in building material, new materials, and engineering technical services businesses.

Newmont

Market Cap: €55.7b

Engages in the production and exploration of gold properties.

CMOC Group

Market Cap: €161.0b

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

Arkema

Market Cap: €6.1b

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

Arkema

Market Cap: €5.1b

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

Synthomer

Market Cap: €166.7m

Manufactures and supplies specialised polymers and ingredients for coatings, construction, adhesives, and health and protection sectors.

Transcontinental

Market Cap: €1.7b

Engages in the flexible packaging business in Canada, the United States, Latin America, the United Kingdom, and internationally.

Kumba Iron Ore

Market Cap: €99.2b

Engages in the exploration, extraction, beneficiation, marketing, sale, and shipping of iron ore for the steel industry in South Africa.

SP Group

Market Cap: €3.6b

Manufactures and sells moulded plastic and composite components in Denmark, rest of Europe, the Americas, Asia, the Middle East, Australia, and Africa.

Kobe Steel

Market Cap: €645.6b

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

SergeFerrari Group

Market Cap: €65.5m

Designs, develops, manufactures, and markets composite materials for lightweight architectural and outdoor applications in France and internationally.

KGHM Polska Miedz

Market Cap: €24.8b

Engages in the production and sale of copper, precious metals, and non-ferrous metals in Poland and internationally.