Global Materials Potentially Undervalued Companies

Sappi

Market Cap: R13.8b

Engages in the provision of materials made from woodfiber-based renewable resources in Europe, North America, and South Africa.

Hochschild Mining

Market Cap: US$1.8b

A precious metals company, engages in the exploration, mining, processing, and sale of gold and silver deposits in Peru, Argentina, the United Kingdom, Canada, Brazil, and Chile.

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.

ALPEK. de

Market Cap: Mex$19.8b

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

Magnera

Market Cap: €372.0m

Manufactures and sells non-woven and related products worldwide.

Rio Tinto Group

Market Cap: €82.9b

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

Aurubis

Market Cap: €4.5b

Processes metal concentrates and recycling materials in Germany.

Plastiques du Val de Loire

Market Cap: €33.1m

Manufactures plastic parts in Europe and North America.

Stepan

Market Cap: US$1.1b

Produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products worldwide.

China National Building Material

Market Cap: €40.0b

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

Huhtamäki Oyj

Market Cap: US$3.1b

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

Rio Tinto Group

Market Cap: US$82.9b

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

Dow

Market Cap: US$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.

OceanaGold

Market Cap: CA$6.5b

A gold and copper producer, engages in exploration, development, and operation of mineral properties in the United States, the Philippines, and New Zealand.

Billerud

Market Cap: SEK 20.8b

Provides paper and packaging materials worldwide.

Mativ Holdings

Market Cap: €623.8m

Manufactures and sells specialty materials in the United States, Europe, the Asia Pacific, the Americas, and internationally.

K92 Mining

Market Cap: CA$3.9b

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

Perseus Mining

Market Cap: AU$6.4b

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

Groupe Guillin

Market Cap: €532.4m

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

Bowen Coking Coal

Market Cap: AU$8.1m

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

Robertet

Market Cap: US$1.6b

Produces and sells perfumes, aromas, and natural products.

Freeport-McMoRan

Market Cap: €51.3b

Engages in the mining of mineral properties in North America, South America, and Indonesia.

SSAB

Market Cap: SEK 54.1b

Engages in the production and sale of steel products in Sweden, Finland, the Rest of Europe, the United States, and internationally.

Yodogawa Steel Works

Market Cap: US$102.3b

Engages in the manufacture and sales of steel products for industrial and consumer products in Japan.

Ardiden

Market Cap: US$9.4m

Operates as a gold exploration company in Australia and Canada.

RHI Magnesita

Market Cap: US$1.5b

Develops, produces, sells, installs, and maintains refractory products and systems used in industrial high-temperature processes worldwide.

TOKYO KOATSU

Market Cap: JP¥1.9b

Manufactures and sells industrial gases.

Acron

Market Cap: ₽674.9b

Public Joint Stock Company Acron, together with its subsidiaries, manufactures, distributes, and sells chemical fertilizers and related mineral primary and by-products.

Stora Enso Oyj

Market Cap: SEK 9.2b

Provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries in Finland and internationally.

Sahakol Equipment

Market Cap: ฿1.4b

A mining construction company, provides overburden and coal removal services in Thailand and Lao People’s Democratic Republic.

Magnitogorsk Iron & Steel Works

Market Cap: ₽352.0b

Public Joint Stock Company Magnitogorsk Iron & Steel Works, together with its subsidiaries, produces and sells ferrous metal products in Russia and the CIS countries, the Middle East, South Africa, Asia, Europe, North America, and Africa.

Fortescue

Market Cap: Mex$46.1b

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

Strata Investment Holdings

Market Cap: AU$27.1m

Operates as a resource exploration and development company in the United Kingdom, Europe, the Middle East, Africa, the Asia Pacific, Australasia, and the Americas.

Solvay

Market Cap: CHF 3.0b

Provides basic and performance chemicals worldwide.

Raspadskaya

Market Cap: ₽198.1b

Public Joint Stock Company Raspadskaya, together with its subsidiaries, engages in the mining of coking coal.

Halcyon Agri

Market Cap: S$654.0m

Halcyon Agri Corporation Limited, an investment holding company, originates, produces, and distributes natural rubber products in Singapore, China, the United States, Canada, Europe, rest of Asia, and internationally.