German Materials Potentially Undervalued Companies

Aurubis

Market Cap: €3.2b

Processes metal concentrates and recycling materials in Germany.

H&R GmbH KGaA

Market Cap: €140.0m

Engages in the manufacture and sale of chemical-pharmaceutical raw materials and injection molded precision plastic parts in Europe, Africa, Asia, and internationally.

ENCE Energía y Celulosa

Market Cap: €710.0m

Produces and sells eucalyptus hardwood pulp and renewable energy in Spain, Germany, Poland, Italy, the Netherlands, the United Kingdom, Greece, Turkey, and internationally.

Croda International

Market Cap: €3.8b

Engages in the consumer care, life science, and industrial specialty businesses in Europe, the Middle East, Africa, North America, Asia, and Latin America.

Sotkamo Silver

Market Cap: €345.1m

A mining and ore prospecting company, develops and utilizes mineral deposits in the Kainuu region in Finland.

Tesoro Gold

Market Cap: €48.2m

Engages in the acquisition, exploration, and development of resource projects in Chile.

Lee & Man Paper Manufacturing

Market Cap: €8.8b

Engages in the manufacture and trading of packaging papers, pulps, and tissue papers in the People’s Republic of China, Vietnam, Malaysia, Macau, and Hong Kong.

Sumitomo Osaka Cement

Market Cap: €122.6b

Engages in the cement production business in Japan and internationally.

Stella Chemifa

Market Cap: €42.1b

Manufactures and sells inorganic fluorine compounds in Japan and internationally.

Cognor Holding

Market Cap: €1.4b

Engages in the production and distribution of steel products in Poland, Czechia, Germany, and internationally.

Rio2

Market Cap: €394.8m

Engages in the exploration, development, and mining of mineral properties in Canada, Peru, Bahamas, and Chile.

Emerita Resources

Market Cap: €347.8m

Through its subsidiary, acquires, explores, and develops mineral properties in Spain.

IBU-tec advanced materials

Market Cap: €27.8m

Offers services and products for the chemical industry Germany, rest of Europe, and internationally.

Mako Mining

Market Cap: €364.0m

Engages in gold mining and exploration activities in Nicaragua.

Usinas Siderúrgicas de Minas Gerais

Market Cap: €6.9b

Manufactures and markets flat steel products in Brazil and internationally.

Metalla Royalty & Streaming

Market Cap: €403.3m

A precious metals royalty and streaming company, engages in the acquisition and management of gold, silver, copper royalties, streams, and related production-based interests in Canada.

Jubilee Metals Group

Market Cap: €94.9m

Jubilee Metals Group plc operates as a diversified metals processing and recovery company.

Vizsla Silver

Market Cap: €901.9m

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

Eskay Mining

Market Cap: €49.6m

A natural resource company, engages in the acquisition and exploration of mineral properties in British Columbia, Canada.

Kinross Gold

Market Cap: €25.6b

Engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania.

Dixie Gold

Market Cap: €1.7m

Engages in the exploration and development of mineral resource properties in Canada.

K92 Mining

Market Cap: €3.2b

Engages in the exploration and development of mineral deposits in Papua New Guinea.

Liberty Gold

Market Cap: €121.0m

Engages in the acquisition, exploration, and development of mineral properties primarily in the United States and Türkiye.

Silver Bull Resources

Market Cap: €5.6m

An exploration stage company, acquires, explores, and develops mineral properties in Mexico.

5N Plus

Market Cap: €503.1m

Produces and sells specialty metals and chemicals in North America, Europe, and Asia.

Heidelberg Materials

Market Cap: €29.8b

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

Sinopec Shanghai Petrochemical

Market Cap: €33.6b

Manufactures and sells petroleum and chemical products in the People’s Republic of China.

Avery Dennison

Market Cap: €13.3b

Operates as a materials science and digital identification solutions company in the United States, Europe, the Middle East, North Africa, Asia, Latin, America, and internationally.

West Red Lake Gold Mines

Market Cap: €243.9m

Engages in the acquisition, exploration and evaluation, and development of gold properties in Canada.

POSCO Holdings

Market Cap: €21.0t

Operates as an integrated steel producer in Korea and internationally.

Atlas Lithium

Market Cap: €66.9m

Operates as a mineral exploration and development company in Brazil.

Aurubis

Market Cap: €3.2b

Processes metal concentrates and recycling materials in Germany.

Metallus

Market Cap: €536.9m

Manufactures and sells alloy steel, and carbon and micro-alloy steel products in the United States and internationally.

First Quantum Minerals

Market Cap: €13.8b

Engages in the exploration, development, and production of mineral properties.

Rio Tinto Group

Market Cap: €75.0b

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

Ramelius Resources

Market Cap: €3.3b

Engages in the exploration, evaluation, mine development and operation, production, and sale of gold.