Global Materials Potentially Undervalued Companies

IAMGOLD

Market Cap: €9.5b

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

Atalaya Mining Copper

Market Cap: UK£840.3m

Engages in the mineral exploration and development in Spain.

PPG Industries

Market Cap: US$23.5b

Manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa.

NV Bekaert

Market Cap: €2.0b

Provides steel wire transformation and coating technologies worldwide.

Huhtamäki Oyj

Market Cap: €3.1b

Provides packaging solutions in the United States, Germany, the United Kingdom, India, Turkey, Australia, Thailand, Poland, South Africa, Spain, Finland, and internationally.

LANXESS

Market Cap: €1.9b

Operates as a specialty chemicals company that engages in the development, manufacture, and marketing of chemical intermediates, additives, specialty chemicals, and consumer protection products worldwide.

American Vanguard

Market Cap: €159.8m

Through its subsidiaries, develops, manufactures, and markets chemical, biological and biorational products for agricultural, commercial, and consumer uses in the United States and internationally.

Robertet

Market Cap: €1.6b

Produces and sells perfumes, aromas, and natural products.

Synthomer

Market Cap: UK£117.4m

Manufactures and supplies specialised polymers and ingredients for coatings, construction, adhesives, and health and protection sectors.

Cementir Holding

Market Cap: €2.2b

Operates in the building materials sector in Italy, Nordic and Baltic, Belgium, North America, Türkiye, Egypt, and the Asia Pacific.

Nippon Steel

Market Cap: €3.3t

Engages in steelmaking and steel fabrication, engineering, chemicals and materials, and system solutions businesses in Japan and internationally.

Anglo American

Market Cap: R29.1b

Operates as a mining company in the United Kingdom and internationally.

Anglo American

Market Cap: US$29.1b

Operates as a mining company in the United Kingdom and internationally.

Minerals Technologies

Market Cap: US$1.9b

Develops, produces, and markets various mineral, mineral-based, and related systems and services.

Anglo American

Market Cap: UK£29.1b

Operates as a mining company in the United Kingdom and internationally.

Rio Tinto Group

Market Cap: €82.9b

Engages in exploring, mining, and processing mineral resources worldwide.

Alphamin Resources

Market Cap: R1.2b

Engages in the production and sale of tin concentrate.

ERAMET

Market Cap: €1.6b

Produces and sells manganese and nickel in France, Europe, North America, China, Other Asia, Oceania, Africa, South America, and internationally.

K92 Mining

Market Cap: €3.9b

Engages in the exploration and development of mineral deposits in Papua New Guinea.

Plásticos Compuestos

Market Cap: €12.4m

Engages in the design, production, and marketing of mineral fillers, and color concentrates and additives for the plastics processing industry in Spain, Germany, France, and internationally.

Mosaic

Market Cap: €11.0b

Through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients.

Johnson Matthey

Market Cap: UK£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.

Siam City Cement

Market Cap: €44.3b

Manufactures, imports, exports, and sells cement and cement related products in Thailand, Vietnam, Sri Lanka, Singapore, Australia, Cambodia, Bangladesh, Indonesia, India, Dubai, and internationally.

Dynacor Group

Market Cap: US$185.5m

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

Gem Diamonds

Market Cap: €4.5m

Operates diamond mines.

Celanese

Market Cap: R$4.5b

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

LANXESS

Market Cap: US$1.9b

Operates as a specialty chemicals company that engages in the development, manufacture, and marketing of chemical intermediates, additives, specialty chemicals, and consumer protection products worldwide.

Zignago Vetro

Market Cap: €670.8m

Produces, markets, and sells hollow glass containers in Italy, rest of Europe, and internationally.

Anhui Conch Cement

Market Cap: €130.6b

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

Chemtrade Logistics Income Fund

Market Cap: CA$1.5b

Offers industrial chemicals and services in Canada, the United States, and South America.

Gemfields Group

Market Cap: R2.5b

Operates as a mining company.

PCC Rokita

Market Cap: €1.4b

Designs, produces, and sells chemical products in Poland and internationally.

Mayr-Melnhof Karton

Market Cap: €1.5b

Manufactures and sells cartonboard and folding cartons in Germany, Austria, and internationally.

Bowen Coking Coal

Market Cap: AU$8.1m

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

Breedon Group

Market Cap: US$1.2b

Engages in the quarrying, manufacture, and sale of construction materials and building products primarily in the United Kingdom and internationally.

Thor Explorations

Market Cap: CA$825.0m

Operates as a gold producer and explorer.