U.K. Materials Potentially Undervalued Companies

Resolute Mining

Market Cap: UK£3.0b

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

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 383.7m

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

Vidrala

Market Cap: €3.0b

Manufactures and sells 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£1.3b

Engages in the quarrying, manufacture, and sale of construction materials and building products primarily in the United Kingdom and internationally.

Semapa - Sociedade de Investimento e Gestão SGPS

Market Cap: €1.9b

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.

Breedon Group

Market Cap: UK£1.3b

Engages in the quarrying, manufacture, and sale of construction materials and building products primarily in the United Kingdom and internationally.

Michelmersh Brick Holdings

Market Cap: UK£83.0m

Together its subsidiaries, manufactures and sells bricks and brick prefabricated products in the United Kingdom and rest of Europe.

Torex Gold Resources

Market Cap: CA$6.5b

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

Petropavlovsk

Market Cap: UK£47.5m

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

ArcelorMittal

Market Cap: €43.0b

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

Pan African Resources

Market Cap: UK£3.6b

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

Aluminium Bahrain B.S.C

Market Cap: US$1.6b

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

Vidrala

Market Cap: €3.0b

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

Kinross Gold

Market Cap: CA$58.4b

Engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania.

Greatland Resources

Market Cap: UK£9.1b

Operates as a gold and copper mining company.

Gemfields Group

Market Cap: UK£2.0b

Operates as a mining company.

Outokumpu Oyj

Market Cap: €2.5b

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

Smurfit Westrock

Market Cap: UK£24.1b

Manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products.

Evonik Industries

Market Cap: €7.1b

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

Capital

Market Cap: UK£307.3m

Provides drilling, mining, mineral assaying, and surveying services.

Smurfit Westrock

Market Cap: UK£25.4b

Manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products.

NV Bekaert

Market Cap: €2.2b

Provides steel wire transformation and coating technologies worldwide.

AltynGold

Market Cap: UK£429.1m

Engages in the exploration and development of gold producing mine in the Republic of Kazakhstan.

Newmont

Market Cap: €135.2b

Operates as a gold producer.

Navigator Company

Market Cap: €2.4b

Manufactures and markets pulp and paper products worldwide.

AltynGold

Market Cap: UK£429.1m

Engages in the exploration and development of gold producing mine in the Republic of Kazakhstan.

Gränges

Market Cap: SEK 16.5b

Engages in the development, production, and distribution of rolled aluminum products for thermal management systems, specialty packaging, and niche applications in Asia Pacific, Europe, and North and South Americas.

H+H International

Market Cap: DKK 1.4b

Provides wall building materials and solutions in the United Kingdom, Central Western Europe, and Poland.

Aperam

Market Cap: €3.1b

Produces and sells stainless steel and alloy products worldwide.

Celanese

Market Cap: US$5.7b

A chemical and specialty materials company, manufactures and sells engineered polymers worldwide.

CPH Group

Market Cap: CHF 383.7m

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

Serabi Gold

Market Cap: UK£253.7m

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

Alcoa

Market Cap: US$15.8b

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.

LANXESS

Market Cap: €1.6b

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

FMC

Market Cap: US$1.7b

An agricultural sciences company, provides crop protection solutions to farmers in Latin America, North America, Europe, the Middle East, Africa, and Asia.