Global Materials Potentially Undervalued Companies

Tokai Carbon

Market Cap: JP¥204.9b

Manufactures and sells carbon-related products and services in Japan.

Hoa Phat Group

Market Cap: ₫204.6t

Produces and sells steel products in Vietnam.

Aeris Resources

Market Cap: AU$532.7m

Explores, produces, and sells precious metals in Australia.

Aurelia Metals

Market Cap: AU$465.5m

Engages in the exploration and production of mineral properties in Australia.

Champion Iron

Market Cap: US$2.6b

Engages in the acquisition, exploration, development, and production of iron ore properties in Canada.

Atalaya Mining Copper

Market Cap: €1.3b

Engages in the mineral exploration and development in Spain.

Wesdome Gold Mines

Market Cap: €3.8b

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

Northam Platinum Holdings

Market Cap: €136.1b

Through its subsidiary, Northam Platinum Limited, engages in the production and sale of platinum group metals.

Nippon Paint Holdings

Market Cap: JP¥2.4t

Engages in the paints and fine chemicals businesses.

AMG Critical Materials

Market Cap: €1.1b

Develops, produces, and sells energy storage materials.

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.

Cabka

Market Cap: €36.8m

Manufactures and sells pallets and large containers made from recycled plastic in Europe, North America, and internationally.

Pan African Resources

Market Cap: UK£2.9b

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

Andean Precious Metals

Market Cap: €1.2b

Engages in the acquisition, exploration, development, and processing of mineral resource properties in the United States.

Silgan Holdings

Market Cap: US$4.4b

Manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally.

IAMGOLD

Market Cap: CA$16.0b

Through its subsidiaries, operates as a gold producer and developer in Canada and Burkina Faso.

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.

Suzano

Market Cap: R$66.0b

Manufactures and sells pulp and paper products in Brazil and internationally.

Ero Copper

Market Cap: CA$3.7b

Engages in the exploration, development, and production of mining projects in Brazil.

Aurelia Metals

Market Cap: AU$465.5m

Engages in the exploration and production of mineral properties in Australia.

Akzo Nobel

Market Cap: €8.8b

Produces and sells paints and coatings worldwide.

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.

AMG Critical Materials

Market Cap: US$1.1b

Develops, produces, and sells energy storage materials.

Torex Gold Resources

Market Cap: US$6.4b

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

Fauji Cement

Market Cap: PK₨96.1b

Engages in the manufacturing and selling of various types of cement in Pakistan.

Tokuyama

Market Cap: €277.3b

Produces and sells various chemical products in Japan.

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.

Central Asia Metals

Market Cap: €294.5m

Operates as a base metals producer.

OceanaGold

Market Cap: €10.7b

Engages in the exploration, development, and operation of gold and gold/copper mines in the United States, the Philippines, and New Zealand.

Sonoco Products

Market Cap: €5.3b

Designs, develops, manufactures, and sells various engineered and sustainable packaging products in the United States, Europe, Canada, the Asia Pacific, 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.

Aeris Resources

Market Cap: €532.7m

Explores, produces, and sells precious metals in Australia.

Tokai Carbon

Market Cap: €204.9b

Manufactures and sells carbon-related products and services in Japan.

Champion Iron

Market Cap: AU$2.6b

Engages in the acquisition, exploration, development, and production of iron ore properties in Canada.

Welspun

Market Cap: ₹211.0b

Manufactures, trades in, distributes, and sells steel pipes, tubes, bars, coils, and plates in India, the United States, and internationally.

Malayan Cement Berhad

Market Cap: RM 8.5b

An investment holding company, produces, manufactures, and trades in cement, clinker, ready-mix concrete, drymix, quarry, and other building materials and related products primarily in Malaysia and Singapore.