U.K. Materials Potentially Undervalued Companies

Huhtamäki Oyj

Market Cap: €3.5b

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

Kenmare Resources

Market Cap: UK£339.1m

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

Axalta Coating Systems

Market Cap: US$7.0b

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.

Glencore

Market Cap: UK£32.5b

Engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania.

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.

Metsä Board Oyj

Market Cap: €1.2b

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

Navigator Company

Market Cap: €2.5b

Manufactures and markets pulp and paper products worldwide.

Serabi Gold

Market Cap: UK£115.5m

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

Altri SGPS

Market Cap: €1.1b

Altri, SGPS, S.A. and its subsidiaries, produces and sells cellulosic fibers in Portugal and internationally.

Ferrexpo

Market Cap: UK£334.2m

Ferrexpo plc, together with its subsidiaries, mines for, develops, processes, produces, markets, exports, and sells iron ore pellets to the metallurgical industry.

Kenmare Resources

Market Cap: UK£339.1m

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

Semapa - Sociedade de Investimento e Gestão SGPS

Market Cap: €1.4b

Through its subsidiaries, produces and sells uncoated woodfree (UWF) printing and writing paper in Portugal, rest of Europe, the United States, Africa, Asia, and Oceania.

Central Asia Metals

Market Cap: UK£272.4m

Operates as a base metals producer.

Glencore

Market Cap: UK£32.5b

Engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania.

Lenzing

Market Cap: €1.1b

Produces and markets regenerated cellulosic fibers for textiles and nonwovens.

RHI Magnesita

Market Cap: UK£1.3b

Develops, produces, sells, installs, and maintains refractory products and systems used in industrial high-temperature processes worldwide.

Ferrexpo

Market Cap: UK£334.2m

Ferrexpo plc, together with its subsidiaries, mines for, develops, processes, produces, markets, exports, and sells iron ore pellets to the metallurgical industry.

RHI Magnesita

Market Cap: UK£1.3b

Develops, produces, sells, installs, and maintains refractory products and systems used in industrial high-temperature processes worldwide.

Petropavlovsk

Market Cap: UK£47.5m

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

Petra Diamonds

Market Cap: UK£40.2m

Engages in the mining, processing, sorting, and sale of rough diamonds in South Africa and Tanzania.

Outokumpu Oyj

Market Cap: €1.5b

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

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 the Middle East, North Africa, Asia, and the Americas.

CRH

Market Cap: UK£64.3b

Provides building materials solutions in Ireland, the United States, the United Kingdom, rest of Europe, and internationally.

Norsk Hydro

Market Cap: NOK 110.7b

Engages in the power production, bauxite extraction, alumina refining, aluminium smelting, and recycling activities worldwide.

Cementir Holding

Market Cap: €2.2b

Operates in the building materials sector in Italy, Nordic and Baltic, Belgium, North America, Türkiye, Egypt, and the Asia Pacific.

Resolute Mining

Market Cap: UK£1.3b

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

AMG Critical Materials

Market Cap: €609.9m

Develops, produces, and sells energy storage materials.

Gemfields Group

Market Cap: UK£1.3b

Operates as a mining company.

Vicat

Market Cap: €2.5b

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

Vidrala

Market Cap: €3.2b

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

Clariant

Market Cap: CHF 3.1b

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

thyssenkrupp

Market Cap: €5.5b

Operates as an industrial and technology company in Germany and internationally.

Billerud

Market Cap: SEK 26.4b

Provides paper and packaging materials worldwide.

Covestro

Market Cap: €11.3b

Supplies high-tech polymer materials and application solutions.

Goldplat

Market Cap: UK£11.1m

Operates as a mining services company in South Africa and Ghana.

Elkem

Market Cap: NOK 12.5b

Engages in the provision of advanced material solutions worldwide.