U.K. Materials Potentially Undervalued Companies

Scotts Miracle-Gro

Market Cap: US$2.9b

Engages in the manufacture, marketing, and sale of products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally.

Kenmare Resources

Market Cap: UK£341.3m

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

Air Products and Chemicals

Market Cap: US$59.8b

Provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, 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.

Kenmare Resources

Market Cap: UK£341.3m

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

Ferrexpo

Market Cap: UK£283.9m

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

Navigator Company

Market Cap: €2.3b

Manufactures and markets pulp and paper products worldwide.

Elkem

Market Cap: NOK 11.5b

Engages in the provision of advanced material solutions worldwide.

Billerud

Market Cap: SEK 23.6b

Provides paper and packaging materials worldwide.

Central Asia Metals

Market Cap: UK£264.4m

Operates as a base metals producer.

Arkema

Market Cap: €4.5b

Manufactures and sells specialty materials in Europe, the United States, Canada, Mexico, China, Hong Kong, Taiwan, and internationally.

Lenzing

Market Cap: €940.4m

Produces and markets regenerated cellulosic fibers for textiles and nonwovens.

Ferrexpo

Market Cap: UK£283.9m

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£1.4b

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

Mayr-Melnhof Karton

Market Cap: €1.5b

Manufactures and sells cartonboard and folding cartons in Germany, Austria, and internationally.

Taseko Mines

Market Cap: UK£863.8m

A mining company, acquires, develops, and operates mineral properties.

Kemira Oyj

Market Cap: €2.9b

Operates as a chemicals company in Finland, rest of Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

RHI Magnesita

Market Cap: UK£1.4b

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

Groupe Guillin

Market Cap: €465.8m

Produces and sells food packaging products in France and internationally.

Verallia Société Anonyme

Market Cap: €3.2b

Manufactures and sells glass packaging products for beverages and food products worldwide.

Arkema

Market Cap: €4.5b

Manufactures and sells specialty materials in Europe, the United States, Canada, Mexico, China, Hong Kong, Taiwan, and internationally.

HEXPOL

Market Cap: SEK 27.8b

Develops, manufactures, and sells various polymer compounds and engineered gaskets, seals, and wheels in Sweden, rest of Europe, the United States, rest of the Americas, and Asia.

CF Industries Holdings

Market Cap: US$12.2b

Engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally.

Eastman Chemical

Market Cap: US$9.0b

Operates as a specialty materials company in the United States, China, and internationally.

Petropavlovsk

Market Cap: UK£47.5m

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

Treatt

Market Cap: UK£130.5m

Manufactures and supplies various natural extracts and ingredients to beverage, flavor, fragrance, and consumer goods markets in the United Kingdom, Germany, Ireland, rest of Europe, the United States, rest of the Americas, China, and internationally.

AMG Critical Materials

Market Cap: €436.9m

Develops, produces, and sells energy storage materials.

Axalta Coating Systems

Market Cap: US$6.7b

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.

Vicat

Market Cap: €2.2b

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

ArcelorMittal

Market Cap: €17.7b

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

CRH

Market Cap: UK£57.3b

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

Cementir Holding

Market Cap: €2.1b

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

Glencore

Market Cap: UK£30.6b

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.

Huhtamäki Oyj

Market Cap: €3.3b

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

Aluminium Bahrain B.S.C

Market Cap: US$1.5b

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.

Outokumpu Oyj

Market Cap: €1.3b

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