Global Materials Potentially Undervalued Companies

AMG Critical Materials

Market Cap: US$1.3b

Develops, produces, and sells energy storage materials in the United States, China, Germany, France, Japan, Brazil, Africa, and internationally.

Transcontinental

Market Cap: €461.6m

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

SergeFerrari Group

Market Cap: €79.5m

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

IAMGOLD

Market Cap: CA$15.4b

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

Silgan Holdings

Market Cap: US$4.4b

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

SSR Mining

Market Cap: CA$9.4b

Engages in the acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina.

Atalaya Mining Copper

Market Cap: €1.3b

Engages in the mineral exploration and development in Spain.

Torex Gold Resources

Market Cap: US$6.1b

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

Andean Precious Metals

Market Cap: €1.1b

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

Champion Iron

Market Cap: US$2.8b

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

Transcontinental

Market Cap: CA$461.6m

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

Suzano

Market Cap: R$59.2b

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

OceanaGold

Market Cap: €10.6b

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

Nippon Paint Holdings

Market Cap: JP¥2.3t

Engages in the paints and fine chemicals businesses in Japan, Asia, the United States, Europe, and internationally.

Aurelia Metals

Market Cap: AU$448.8m

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

Aeris Resources

Market Cap: AU$448.9m

Explores, produces, and sells precious metals in Australia.

Aluminum Corporation of China

Market Cap: HK$235.3b

Primarily engages in the exploration and mining of bauxite, coal, and other resources in the People's Republic of China and internationally.

Anhui Conch Cement

Market Cap: CN¥110.8b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

Aluminum Corporation of China

Market Cap: HK$235.3b

Primarily engages in the exploration and mining of bauxite, coal, and other resources in the People's Republic of China and internationally.

Duc Giang Chemicals Group

Market Cap: ₫20.2t

Manufactures industrial products in Vietnam.

Aurelia Metals

Market Cap: AU$448.8m

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

Stanmore Resources

Market Cap: AU$2.0b

Engages in the exploration, development, production, and sale of metallurgical coal in Australia.

Cabka

Market Cap: €49.2m

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

Axalta Coating Systems

Market Cap: US$6.4b

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.

Tessenderlo Group

Market Cap: €1.3b

Engages in the agriculture, valorizing bio-residuals, machinery, mechanical engineering, electronics, energy, and industrial solution businesses worldwide.

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 359.7m

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

Aeris Resources

Market Cap: €443.0m

Explores, produces, and sells precious metals in Australia.

Tokai Carbon

Market Cap: €221.2b

Engages in the manufacture and sale of carbon-related products and services in Japan.

Elopak

Market Cap: €9.6b

Manufactures and supplies paper-based packaging system solutions for liquid products in Europe, the Middle East, Africa, Asia, Americas, Germany, Canada, Netherlands, Norway, the United States, and internationally.

Genesis Minerals

Market Cap: US$7.5b

Engages in the gold mining, project development and exploration activities in Western Australia.

Champion Iron

Market Cap: €2.8b

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

OceanaGold

Market Cap: US$10.6b

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

Vidrala

Market Cap: €2.9b

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

Nippon Paint Holdings

Market Cap: €2.3t

Engages in the paints and fine chemicals businesses in Japan, Asia, the United States, Europe, and internationally.

Fortuna Mining

Market Cap: €4.5b

Engages in the precious and base metal mining and related activities in Argentina, Côte d’Ivoire, Mexico, Peru, and Senegal.