Global Materials Potentially Undervalued Companies

Andean Precious Metals

Market Cap: CA$1.1b

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

Steel Dynamics

Market Cap: US$20.1b

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

Hudbay Minerals

Market Cap: US$7.8b

A diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America.

Blue Moon Metals

Market Cap: €199.4m

Engages in the exploration and development of mineral resource properties in Norway and the United States.

Huntsman

Market Cap: US$1.6b

Manufactures and sells diversified organic chemical products worldwide.

Norsk Hydro

Market Cap: €131.5b

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

Johnson Matthey

Market Cap: €3.3b

Engages in the clean air, catalyst and hydrogen technology, and platinum group metals (PGM) service businesses in the United Kingdom, Germany, rest of Europe, the United States, rest of North America, China, rest of Asia, and internationally.

Fortuna Mining

Market Cap: CA$3.6b

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

Sylvamo

Market Cap: €1.7b

Produces and markets uncoated freesheet for cutsize, offset paper, and pulp in Europe, Latin America, and North America.

Capral

Market Cap: €180.8m

Together with its subsidiary, Austex Dies Pty Ltd, manufactures and distributes fabricated and semi-fabricated aluminum related products in Australia.

Indorama Ventures

Market Cap: €127.5b

Manufactures and distributes petrochemical products in Thailand, the United States, Brazil, and internationally.

Perseus Mining

Market Cap: €6.4b

Explores, evaluates, develops, and mines for gold properties in Ghana, Côte d’Ivoire, Tanzania, and Sudan.

Braskem

Market Cap: R$6.9b

Engages in the manufacture, sale, import, and export of chemicals, petrochemicals, and fuels in Brazil.

thyssenkrupp

Market Cap: €7.1b

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

Gerdau

Market Cap: US$32.5b

Operates as a steel producer company.

CEMEX. de

Market Cap: US$239.8b

Engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide.

Dongyue Group

Market Cap: €20.0b

An investment holding company, manufactures, distributes, and sells polymers, organic silicone, refrigerants, dichloromethane, liquid alkali, and other products in the People's Republic of China and internationally.

ALPEK. de

Market Cap: €20.2b

Alpek, S.A.B. de C.V., together with its subsidiaries, operates as a petrochemical company in Mexico and internationally.

Boliden

Market Cap: US$104.0b

Engages in the extracting, producing, and recycling of base metals in Sweden, Finland, other Nordic region, Germany, the United Kingdom, Europe, North America, and internationally.

Tronox Holdings

Market Cap: US$618.2m

Operates as a vertically integrated manufacturer of TiO2 pigment in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific.

TIMAH

Market Cap: €10.5t

Engages in tin mining and smelting operations in Indonesia and internationally.

Perseus Mining

Market Cap: CA$6.4b

Explores, evaluates, develops, and mines for gold properties in Ghana, Côte d’Ivoire, Tanzania, and Sudan.

Companhia Siderúrgica Nacional

Market Cap: US$10.7b

Operates as an integrated steel producer in Brazil and Latin America.

Celanese

Market Cap: €4.6b

A chemical and specialty materials company, manufactures and sells engineered polymers worldwide.

Aurubis

Market Cap: €4.4b

Processes metal concentrates and recycling materials in Germany.

Vicat

Market Cap: €2.7b

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

Gurit Holding

Market Cap: CHF 58.9m

Develops, manufactures, supplies, markets, and sells advanced composite materials, composite tooling equipment, and core kitting services in Switzerland and internationally.

Orbia Advance Corporation. de

Market Cap: US$31.0b

Orbia Advance Corporation, S.A.B. de C.V.

Sino-Platinum MetalsLtd

Market Cap: CN¥12.2b

Engages in the research, development, production, sales, and technical services of metal and non-metal materials in China.

Shenzhen Dynanonic

Market Cap: CN¥10.7b

Engages in the research and development, production, and sale of materials for lithium-ion batteries in China.

Johnson Matthey

Market Cap: US$3.3b

Engages in the clean air, catalyst and hydrogen technology, and platinum group metals (PGM) service businesses in the United Kingdom, Germany, rest of Europe, the United States, rest of North America, China, rest of Asia, and internationally.

NV Bekaert

Market Cap: €2.0b

Provides steel wire transformation and coating technologies worldwide.

Huangshan NovelLtd

Market Cap: CN¥7.0b

Manufactures and sells packaging materials in China and internationally.

Krosaki Harima

Market Cap: JP¥138.6b

Manufactures and sells refractory and ceramic products in Japan and internationally.

PILLAR

Market Cap: JP¥95.4b

Designs, develops, manufactures, and sells various fluid control equipment in Japan and internationally.

Inner Mongolia Berun Chemical

Market Cap: CN¥23.2b

Engages in the soda ash, methanol, fertilizer and agricultural production materials, and other businesses in China.