German Materials Potentially Undervalued Companies

LANXESS

Market Cap: €1.8b

Operates as a specialty chemicals company that engages in the development, manufacture, and marketing of chemical intermediates, additives, specialty chemicals, and consumer protection products worldwide.

Alcoa

Market Cap: €8.5b

Engages in the bauxite mining, alumina refining, aluminum production, and energy generation business in Australia, Brazil, Canada, Iceland, Norway, Spain, the United States, and internationally.

Orezone Gold

Market Cap: €860.8m

Engages in the mining, exploration, and development of gold properties.

James Cropper

Market Cap: €31.1m

Manufactures and sells paper products and advanced materials.

Rio Tinto Group

Market Cap: €83.6b

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

Cementos PacasmayoA

Market Cap: €2.0b

Produces, distributes, and sells cement and cement-related materials in Peru.

Robertet

Market Cap: €1.6b

Produces and sells perfumes, aromas, and natural products.

Indocement Tunggal Prakarsa

Market Cap: €21.9t

Manufactures and sells cement and ready-mix concrete products in Indonesia and internationally.

BEWI

Market Cap: €4.0b

Produces, markets, and sells packaging, components, and insulation solutions in Norway and internationally.

Worthington Steel

Market Cap: €1.5b

Operates as a steel processor in North America.

Corbion

Market Cap: €963.3m

Provides lactic acid and lactic acid derivatives, food preservation solutions, functional blends, and algae ingredients in the Netherlands, the United States, Asia, rest of North Americas, the rest of Europe, the Middle East, and Africa.

West African Resources

Market Cap: €3.5b

Engages in the mining, mineral processing, acquisition, exploration, and project development of gold projects in West Africa.

Serabi Gold

Market Cap: €204.5m

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

Anhui Conch Cement

Market Cap: €131.5b

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

Groupe Guillin

Market Cap: €538.9m

Produces and sells food packaging products in France, the United Kingdom, Italy, and internationally.

Nippon Steel

Market Cap: €3.1t

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

Methanex

Market Cap: €4.3b

Produces and supplies methanol in Asia Pacific, North America, Europe, and South America.

Harmony Gold Mining

Market Cap: €197.7b

Engages in the exploration, extraction, and processing of mineral properties in South Africa, Papua New Guinea, and Australasia.

Evonik Industries

Market Cap: €6.9b

Produces and sells specialty chemicals in the Asia-Pacific, Europe, the Middle East, Africa, Central and South America, and North America.

American Vanguard

Market Cap: €163.2m

Through its subsidiaries, develops, manufactures, and markets chemical, biological and biorational products for agricultural, commercial, and consumer uses in the United States and internationally.

Tipco Asphalt

Market Cap: €22.6b

Engages in the manufacture and distribution of asphalt and petroleum products in Thailand and internationally.

Anhui Conch Cement

Market Cap: €131.5b

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

NV Bekaert

Market Cap: €2.0b

Provides steel wire transformation and coating technologies worldwide.

Gem Diamonds

Market Cap: €4.4m

Operates diamond mines.

TFF Group

Market Cap: €388.1m

Manufactures and distributes barrels and wood products for the aging of wines and alcohols in France, rest of Europe, the United States, Asia, and internationally.

ERAMET

Market Cap: €1.6b

Produces and sells manganese and nickel in France, Europe, North America, China, Other Asia, Oceania, Africa, South America, and internationally.

K92 Mining

Market Cap: €4.1b

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

Mosaic

Market Cap: €11.0b

Through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients.

Norske Skog

Market Cap: €1.6b

Engages in the production and sale of publication and packaging paper products in Norway, rest of Europe, North America, Asia, and Africa.

EPC Groupe

Market Cap: €426.6m

Engages in the manufacture, storage, and distribution of explosives in Europe, Africa, Asia Pacific, and the Americas.

Asahi Kasei

Market Cap: €1.6t

Engages in material, homes, healthcare businesses.

Cascades

Market Cap: €976.1m

Produces, converts, and markets packaging and tissue products in Canada and the United States.

PTT Global Chemical

Market Cap: €112.7b

Operates as a chemical company in Thailand and internationally.

Magis

Market Cap: €61.1m

Engages in the manufacture and sale of adhesive tapes and similar products for disposable nappies and adult incontinence products.

IAMGOLD

Market Cap: €10.3b

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

Suzano

Market Cap: €61.7b

Manufactures and sells pulp and paper products in Brazil and internationally.