Global Materials Potentially Undervalued Companies

Cahya Mata Sarawak Berhad

Market Cap: RM 934.9m

An investment holding company, engages in the manufacture and trading of cement and construction materials, construction, road maintenance, township, and property and infrastructure development businesses in Malaysia 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.

Arkema

Market Cap: €4.5b

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

Vedanta

Market Cap: ₹1.5t

A diversified natural resources company, explores, extracts, and processes minerals, and oil and gas in India, Europe, China, the United States, Mexico, and internationally.

China National Building Material

Market Cap: HK$30.9b

An investment holding company, engages in building material, new materials, and engineering technical services businesses.

Hoa Phat Group

Market Cap: ₫155.4t

Produces and sells steel products in Vietnam.

Aica Kogyo Company

Market Cap: €202.6b

Develops, produces, and sells chemical products, and laminates and building materials in Japan and internationally.

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.

SergeFerrari Group

Market Cap: €58.2m

Designs, develops, manufactures, and markets composite materials for lightweight architectural and outdoor applications in France and internationally.

Zijin Mining Group

Market Cap: US$472.4b

A mining company, engages in the exploration, mining, processing, refining, and sale of gold, non-ferrous metals, and other mineral resources in Mainland China and internationally.

Tokuyama

Market Cap: €178.9b

Produces and sells various chemical products in Japan.

Taseko Mines

Market Cap: US$863.8m

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

Verallia Société Anonyme

Market Cap: €3.2b

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

Transcontinental

Market Cap: €1.4b

Engages in the flexible packaging business in Canada, the United States, Latin America, the United Kingdom, and internationally.

ATI

Market Cap: US$6.6b

Produces and sells specialty materials and complex components worldwide.

Central Asia Metals

Market Cap: €264.4m

Operates as a base metals producer.

Akzo Nobel

Market Cap: €8.4b

Produces and sells paints and coatings worldwide.

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.

Steel Dynamics

Market Cap: €18.0b

Operates as a steel producer and metal recycler in the United States.

Daido Steel

Market Cap: JP¥205.8b

Manufactures and sells steel products in Japan and internationally.

Resonac Holdings

Market Cap: JP¥467.6b

Operates as a chemical company in Japan, China, rest of Asia, and internationally.

Orica

Market Cap: AU$7.4b

Manufactures, distributes, and sells commercial blasting systems, explosives, mining and tunnelling support systems, and various chemical products and services in Australia, Peru, Canada, the United States, and internationally.

Transcontinental

Market Cap: CA$1.4b

Engages in the flexible packaging business in Canada, the United States, Latin America, the United Kingdom, and internationally.

Hubei Xingfa Chemicals Group

Market Cap: CN¥22.2b

Develops, produces, and sells phosphorus-based chemicals in China and internationally.

Cabka

Market Cap: €49.4m

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

ValiantLtd

Market Cap: CN¥9.9b

Produces and sells chemical materials worldwide.

Adaro Minerals Indonesia

Market Cap: Rp33.7t

Engages in metallurgical coal mining business in Indonesia.

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.

Vale

Market Cap: €229.1b

Produces and sells iron ore, iron ore pellets, nickel, and copper in Brazil and internationally.

Acerinox

Market Cap: €2.3b

Manufactures, process, and markets stainless steel products in Spain, the United States, Africa, Asia, Rest of Europe, and internationally.

Billerud

Market Cap: SEK 23.6b

Provides paper and packaging materials worldwide.

Elkem

Market Cap: NOK 11.5b

Engages in the provision of advanced material solutions worldwide.

Zijin Mining Group

Market Cap: €472.4b

A mining company, engages in the exploration, mining, processing, refining, and sale of gold, non-ferrous metals, and other mineral resources in Mainland China and internationally.

Navigator Company

Market Cap: €2.3b

Manufactures and markets pulp and paper products worldwide.

JK Paper

Market Cap: ₹54.4b

Produces and sells paper products in India.