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.

American Salars Lithium

Market Cap: €722.6k

Engages in the acquisition and exploration of mineral properties.

Minera IRL

Market Cap: €5.3m

Engages in the exploration, development, and operation of mines in Peru.

Inmocemento

Market Cap: €1.6b

Inmocemento S.A., through its subsidiaries, engages in the real estate and cement businesses.

PPG Industries

Market Cap: €23.6b

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

Core Lithium

Market Cap: €225.0m

Engages in the development of lithium and various metal deposits in Northern Territory and South Australia.

Heliostar Metals

Market Cap: €458.7m

Engages in the identification, acquisition, evaluation, and exploration of mineral properties in North America.

Lenzing

Market Cap: €994.4m

Produces and markets regenerated cellulosic fibers for textiles and nonwovens.

Holcim

Market Cap: €35.0b

Provides building materials and solutions worldwide.

Electra Battery Materials

Market Cap: €30.2m

Engages in the acquisition and exploration of resource properties in the United States and Canada.

Steppe Cement

Market Cap: €40.5m

An investment holding company, engages in the production and sale of cement and clinkers in Kazakhstan.

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.

Itafos

Market Cap: €541.1m

Operates as a phosphate and specialty fertilizer company.

Corteva

Market Cap: €43.0b

Operates in the agriculture business.

Zijin Mining Group

Market Cap: €863.9b

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

Viohalco

Market Cap: €2.0b

Through its subsidiaries, manufactures, and sells aluminium, copper, cables, and steel and steel pipe products.

Northern Star Resources

Market Cap: €35.4b

Engages in the exploration, development, mining, and processing of gold deposits.

CCL Industries

Market Cap: €13.6b

Manufactures and sells labels, consumer printable media products, technology-driven label solutions, polymer banknote substrates, and specialty films.

ArcelorMittal

Market Cap: €25.4b

Operates as integrated steel and mining companies in the Americas, Europe, Asia, and Africa.

Solvay

Market Cap: €2.8b

Provides basic and performance chemicals worldwide.

Avient

Market Cap: €3.0b

Operates as a formulator of material solutions in the United States, Canada, Mexico, Europe, South America, and Asia.

Aeris Resources

Market Cap: €505.1m

Explores, produces, and sells precious metals in Australia.

Baikowski

Market Cap: €91.0m

Produces and sells specialty chemicals in France, rest of Europe, the Americas, Asia, and internationally.

Tessenderlo Group

Market Cap: €1.5b

Engages in the agriculture, valorizing bio-residuals, machinery, mechanical engineering, electronics, energy, and industrial solution businesses worldwide.

Inmocemento

Market Cap: €1.5b

Inmocemento S.A., through its subsidiaries, engages in the real estate and cement businesses.

BHP Group

Market Cap: €212.8b

Operates as a resources company in Australia, Europe, China, Japan, India, South Korea, rest of Asia, North America, South America, and internationally.

Hochschild Mining

Market Cap: €2.0b

A precious metals company, engages in the exploration, mining, processing, and sale of gold and silver deposits in Peru, Argentina, the United Kingdom, Canada, Brazil, and Chile.

Botnia Gold

Market Cap: €567.2m

Engages in the exploration of precious and base metals in Sweden.

Jastrzebska Spólka Weglowa

Market Cap: €2.8b

Engages in the extraction, production, and sale of coal, coke, and hydrocarbons in Poland, Austria, Czech Republic, Germany, Slovakia, Belgium, Spain, Norway, Switzerland, Romania, Singapore, Italy, Luxembourg, Holland, France, and internationally.

PPC

Market Cap: €8.2b

Engages in the production and sale of cement, aggregates, ready mix concrete, and fly ash in South Africa, Botswana, and Zimbabwe.

Robertet

Market Cap: €1.6b

Produces and sells perfumes, aromas, and natural products.

Semapa - Sociedade de Investimento e Gestão SGPS

Market Cap: €1.3b

Through its subsidiaries, produces and sells pulp, printing and writing papers, and tissues in Portugal, the rest of Europe, the United States, Africa, Asia, and Oceania.

TIMAH

Market Cap: €16.8t

Engages in tin mining and smelting operations in Indonesia and internationally.

Rana Gruber

Market Cap: €2.4b

Engages in the mining, processing, and sale of iron ore concentrate in Norway, the United Kingdom, Sweden, the United States, and internationally.

Ardagh Metal Packaging

Market Cap: €2.3b

Operates as a metal beverage can company in Europe, the United States, and Brazil.

Caltagirone

Market Cap: €1.0b

Through its subsidiaries, engages in the cement manufacturing, media, real estate, and publishing activities.