U.K. Materials Potentially Undervalued Companies

Axalta Coating Systems

Market Cap: US$5.7b

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.

Pan African Resources

Market Cap: UK£2.7b

Engages in the mining, extraction, production, and sale of gold in South Africa.

Lundin Mining

Market Cap: SEK 27.4b

A diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, Brazil, and Argentina.

AMG Critical Materials

Market Cap: €1.1b

Develops, produces, and sells energy storage materials in the United States, China, Germany, France, Japan, Brazil, Africa, and internationally.

Clariant

Market Cap: CHF 3.6b

Develops, manufactures, distributes, and sells specialty chemicals in Switzerland, Europe, the Middle East, Africa, the United States, and the Asia Pacific.

CPH Group

Market Cap: CHF 353.7m

Develops, manufactures, and distributes chemical products and packaging solutions for pharmaceutical customers in Europe, Asia, and North and South America.

Gränges

Market Cap: SEK 14.9b

Engages in the development, production, and distribution of rolled aluminum products in the Americas, Asia, and Europe.

Vidrala

Market Cap: €2.7b

Engages in the manufacture and sale of glass containers for food and beverage products in the United Kingdom, Ireland, Italy, Iberian Peninsula, rest of Europe, and Brazil.

Navigator Company

Market Cap: €2.3b

Manufactures and markets pulp and paper products worldwide.

Wesdome Gold Mines

Market Cap: CA$3.4b

Wesdome Gold Mines Ltd. mines, develops, and explores for gold and silver deposits in Canada.

B2Gold

Market Cap: CA$7.9b

Operates as a gold producer company in Canada.

Tessenderlo Group

Market Cap: €1.2b

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

Breedon Group

Market Cap: UK£1.0b

Engages in the quarrying, manufacture, and sale of construction materials and building products in the Great Britain, Ireland, and the United States.

Akzo Nobel

Market Cap: €8.4b

Produces and sells paints and coatings worldwide.

Zotefoams

Market Cap: UK£164.4m

Manufactures, distributes, and sells polyolefin foams in the United Kingdom, rest of Europe, North America, and internationally.

Boliden

Market Cap: SEK 132.8b

Engages in the extracting, producing, and recycling of base metals in Sweden, Finland, other Nordic region, Germany, the United Kingdom, Europe, North America, and internationally.

Boliden

Market Cap: SEK 132.8b

Engages in the extracting, producing, and recycling of base metals in Sweden, Finland, other Nordic region, Germany, the United Kingdom, Europe, North America, and internationally.

SSR Mining

Market Cap: CA$7.9b

Engages in the acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina.

Atalaya Mining Copper

Market Cap: UK£1.1b

Engages in the mineral exploration and development in Spain.

Crown Holdings

Market Cap: US$11.1b

Engages in the packaging business in the United States and internationally.

Atalaya Mining Copper

Market Cap: UK£1.1b

Engages in the mineral exploration and development in Spain.

Zotefoams

Market Cap: UK£164.4m

Manufactures, distributes, and sells polyolefin foams in the United Kingdom, rest of Europe, North America, and internationally.

Akzo Nobel

Market Cap: €8.4b

Produces and sells paints and coatings worldwide.

Fortuna Mining

Market Cap: CA$4.0b

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

Torex Gold Resources

Market Cap: CA$5.5b

A mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in Mexico and the United States.

Groupe Guillin

Market Cap: €391.9m

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

Breedon Group

Market Cap: UK£1.0b

Engages in the quarrying, manufacture, and sale of construction materials and building products in the Great Britain, Ireland, and the United States.

Pan African Resources

Market Cap: UK£2.7b

Engages in the mining, extraction, production, and sale of gold in South Africa.

Petropavlovsk

Market Cap: UK£47.5m

Petropavlovsk PLC operates as a gold mining company in the Far East of Russia.

Avery Dennison

Market Cap: US$12.9b

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

Galiano Gold

Market Cap: CA$818.3m

Operates as a gold mining company.

Resolute Mining

Market Cap: UK£2.7b

Engages in mining, prospecting, and exploration of mineral properties in Africa.

Victrex

Market Cap: UK£492.7m

Through its subsidiaries, engages in the manufacture and sale of polymer solutions worldwide.

Aluminium Bahrain B.S.C

Market Cap: US$1.3b

Manufactures and sells aluminum and aluminum related products in the Kingdom of Bahrain, Europe, rest of Middle East, North Africa, Asia, and the Americas.

Vicat

Market Cap: €2.7b

Engages in the production and sale of cement, ready-mixed concrete, and aggregates for construction industry.

Hochschild Mining

Market Cap: UK£2.9b

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.