U.K. Materials Potentially Undervalued Companies

Pan African Resources

Market Cap: UK£2.7b

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

Axalta Coating Systems

Market Cap: US$5.9b

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.

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.

Huhtamäki Oyj

Market Cap: €3.0b

Provides packaging solutions in the United States, Germany, the United Kingdom, India, Turkey, Australia, Thailand, Poland, South Africa, Spain, Finland, and internationally.

Lundin Mining

Market Cap: SEK 28.5b

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

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.

Navigator Company

Market Cap: €2.3b

Manufactures and markets pulp and paper products worldwide.

Vidrala

Market Cap: €2.8b

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.

Breedon Group

Market Cap: UK£1.1b

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

Wesdome Gold Mines

Market Cap: CA$3.5b

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

B2Gold

Market Cap: CA$7.8b

Operates as a gold producer company in Canada.

Zotefoams

Market Cap: UK£171.2m

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

SSR Mining

Market Cap: CA$7.4b

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

Boliden

Market Cap: SEK 166.6b

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.

Atalaya Mining Copper

Market Cap: UK£1.1b

Engages in the mineral exploration and development in Spain.

Akzo Nobel

Market Cap: €8.6b

Produces and sells paints and coatings worldwide.

Akzo Nobel

Market Cap: €8.6b

Produces and sells paints and coatings worldwide.

Atalaya Mining Copper

Market Cap: UK£1.1b

Engages in the mineral exploration and development in Spain.

Zotefoams

Market Cap: UK£169.8m

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

Breedon Group

Market Cap: UK£1.1b

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

Groupe Guillin

Market Cap: €403.0m

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

Pan African Resources

Market Cap: UK£2.7b

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

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.

Victrex

Market Cap: UK£490.9m

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

Petropavlovsk

Market Cap: UK£47.5m

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

Vicat

Market Cap: €2.8b

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

Kenmare Resources

Market Cap: UK£176.0m

Engages in the production and sale of mineral sand products in China, rest of Asia, Europe, the United States, and internationally.

ArcelorMittal

Market Cap: €35.1b

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

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.

Victrex

Market Cap: UK£490.1m

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

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.

Huhtamäki Oyj

Market Cap: €3.0b

Provides packaging solutions in the United States, Germany, the United Kingdom, India, Turkey, Australia, Thailand, Poland, South Africa, Spain, Finland, and internationally.

Outokumpu Oyj

Market Cap: €2.3b

Produces and sells various stainless-steel products in Finland, Germany, Italy, the United Kingdom, other European countries, North America, the Asia-Pacific, and internationally.

Resolute Mining

Market Cap: UK£2.7b

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