Global Materials Potentially Undervalued Companies

Corbion

Market Cap: €948.2m

Provides lactic acid and lactic acid derivatives, food preservation solutions, functional blends, and algae ingredients in the Netherlands, the United States, Asia, rest of North Americas, the rest of Europe, the Middle East, and Africa.

Tubacex

Market Cap: €446.4m

Engages in the manufacturing and sale of stainless steel and nickel tubes in Spain and internationally.

Birla

Market Cap: ₹95.3b

Manufactures and sells cement and clinker in India and internationally.

West African Resources

Market Cap: €3.5b

Engages in the mining, mineral processing, acquisition, exploration, and project development of gold projects in West Africa.

Ann Joo Resources Berhad

Market Cap: RM 512.3m

An investment holding company, manufactures and trades in iron, steel, and steel related products in Malaysia and Singapore.

Zijin Mining Group

Market Cap: CN¥794.1b

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

Soken Chemical & Engineering

Market Cap: JP¥34.2b

Manufactures and sells acrylic pressure-sensitive adhesives, functional polymers, organic fine particles, and adhesive tapes in Japan, China, and internationally.

Nanjing COSMOS Chemical

Market Cap: CN¥6.3b

Engages in the research, development, production, and sale of daily chemical raw materials in China and internationally.

China National Building Material

Market Cap: HK$40.0b

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

Andean Precious Metals

Market Cap: US$1.1b

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

Dow

Market Cap: €15.7b

Through its subsidiaries, provides various materials science solutions for packaging, infrastructure, mobility, and consumer applications in the United States, Canada, Europe, the Middle East, Africa, India, the Asia Pacific, and Latin America.

Fuchs

Market Cap: €4.6b

Develops, produces, and distributes lubricants and functional fluids in Europe, the Middle East, Africa, the Asia Pacific, and North and South America.

Orezone Gold

Market Cap: US$830.9m

Engages in the mining, exploration, and development of gold properties.

Braskem

Market Cap: €6.9b

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

Cementos PacasmayoA

Market Cap: €2.0b

Produces, distributes, and sells cement and cement-related materials in Peru.

Vicat

Market Cap: €2.7b

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

Tosoh

Market Cap: €722.6b

Manufactures and sells basic chemicals, petrochemicals, specialty products, and fine chemicals worldwide.

Atalaya Mining Copper

Market Cap: UK£840.3m

Engages in the mineral exploration and development in Spain.

Harmony Gold Mining

Market Cap: €192.6b

Engages in the exploration, extraction, and processing of mineral properties in South Africa, Papua New Guinea, and Australasia.

Aluminum Corporation of China

Market Cap: €139.6b

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

Gem Diamonds

Market Cap: UK£4.5m

Operates diamond mines.

Dynacor Group

Market Cap: CA$185.5m

Engages in the exploration, development, and mining of minerals properties in Peru.

Gränges

Market Cap: SEK 12.4b

Engages in the development, production, and distribution of rolled aluminum products for thermal management systems, specialty packaging, and niche applications in Asia Pacific, Europe, and North and South Americas.

Aimia

Market Cap: CA$286.5m

Invests in public and private companies.

BEWI

Market Cap: €4.0b

Produces, markets, and sells packaging, components, and insulation solutions in Norway and internationally.

Cascades

Market Cap: CA$972.1m

Produces, converts, and markets packaging and tissue products in Canada and the United States.

Commercial Metals

Market Cap: US$6.5b

Manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally.

Grupa Azoty

Market Cap: zł1.9b

Manufactures and sells fertilizers, plastics, and other chemicals in Poland, Germany, South America, Asia, other European Union countries, and internationally.

Capital

Market Cap: €203.1m

Provides drilling, mining, mineral assaying, and surveying services.

Norsk Hydro

Market Cap: US$130.2b

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

Robertet

Market Cap: €1.6b

Produces and sells perfumes, aromas, and natural products.

Osisko Development

Market Cap: CA$1.0b

Acquires, explores, and develops precious metals resource properties in Canada, Mexico, and the United States.

Resonac Holdings

Market Cap: €915.6b

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

Fortescue

Market Cap: US$58.8b

Engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally.

Worthington Steel

Market Cap: €1.4b

Operates as a steel processor in North America.

Groupe Guillin

Market Cap: €532.4m

Produces and sells food packaging products in France, the United Kingdom, Italy, and internationally.