German Materials Potentially Undervalued Companies

Bradespar

Market Cap: €6.5b

Through its interest in VALE, operates as a mining company in the production of iron ore and pellets, and nickel in Brazil.

Mitsubishi Gas Chemical Company

Market Cap: €531.3b

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

Arkema

Market Cap: €4.1b

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

China Tianrui Group Cement

Market Cap: €1.1b

An investment holding company, engages in the manufacture and sale of cement, clinker, and limestone aggregates in the People’s Republic of China.

Sassy Gold

Market Cap: €831.9k

An exploration stage company, acquires, identifies, explores for, and evaluates of precious metals resources in Canada.

Aimia

Market Cap: €285.6m

Invests in public and private companies.

PTT Global Chemical

Market Cap: €113.8b

Operates as a chemical company in Thailand and internationally.

Generation Uranium

Market Cap: €1.7m

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

Nippon Paper Industries

Market Cap: €138.9b

Engages in production and sale of pulp and paper products in Japan, Oceania, Asia, North America, and internationally.

Aneka Tambang

Market Cap: €74.7t

Operates as a diversified metals and mining company in Indonesia.

Madoro Metals

Market Cap: €2.3m

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

K+S

Market Cap: €2.1b

Operates as a supplier of mineral products for the agricultural, industrial, consumer, and community sectors in Europe, the United States, Asia, Africa, and Oceania.

American Salars Lithium

Market Cap: €652.6k

Engages in the acquisition and exploration of mineral properties.

Cabot

Market Cap: €4.0b

Operates as a specialty chemicals and performance materials company.

Solvay

Market Cap: €2.9b

Provides basic and performance chemicals worldwide.

Stepan

Market Cap: €1.1b

Produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products worldwide.

Amcor

Market Cap: €18.9b

Engages in the production and sale of packaging products in Europe, North America, Latin America, and the Asia Pacific.

Canada Nickel

Market Cap: €217.7m

Engages in the exploration, discovery, and development of nickel sulphide assets for electric vehicle, green energy, and stainless steel markets in Canada.

Metsä Board Oyj

Market Cap: €1.1b

Engages in the folding boxboard, fresh fibre linerboard, and market pulp businesses in Finland and internationally.

Freeport-McMoRan

Market Cap: €56.1b

Engages in the mining of mineral properties in North America, South America, and Indonesia.

Holcim

Market Cap: €36.1b

Provides building materials and solutions worldwide.

Nucor

Market Cap: €31.1b

Engages in the manufacture and sale of steel and steel products.

Ferroglobe

Market Cap: €841.7m

Produces and sells silicon metal, and silicon and manganese-based ferroalloys in the United States, Europe, and internationally.

Steel Dynamics

Market Cap: €20.8b

Operates as a steel producer and metal recycler in the United States.

Progressive Planet Solutions

Market Cap: €35.7m

Primarily engages in the acquisition and exploration of mineral properties in Canada and the United States.

Steel Pipe Industry of Indonesia

Market Cap: €3.0t

Together with its subsidiary, PT Spindo Engineering Industry, manufactures and sells steel pipes/tubes and other related products in Indonesia and internationally.

Grigeo Group

Market Cap: €139.3m

Operates in the paper and wood industry in Lithuania.

Grupa Kety

Market Cap: €9.1b

Through its subsidiaries, manufactures and sells aluminum profiles and components in Poland and internationally.

Zaklady Azotowe Pulawy

Market Cap: €927.1m

Manufactures and sells fertilizer and chemical products worldwide.

Andean Precious Metals

Market Cap: €1.3b

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

Denarius Metals

Market Cap: €70.5m

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

Braskem

Market Cap: €5.7b

Engages in the manufacture, sale, import, and export of chemicals, petrochemicals, and fuels in Brazil.

Rand Mining

Market Cap: €141.6m

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

Optegra Ventures

Market Cap: €220.4k

A natural resource company, engages in the acquisition, exploration, and development of mineral properties.

Treatt

Market Cap: €159.9m

Manufactures and supplies various natural extracts and ingredients to beverage, flavor, fragrance, and consumer goods markets.

Grigeo Group

Market Cap: €139.3m

Operates in the paper and wood industry in Lithuania.