Global Materials Potentially Undervalued Companies

Erciyas Çelik Boru Sanayi

Market Cap: ₺6.3b

Engages in the manufacture and sale of steel pipes in Turkey.

Treatt

Market Cap: UK£159.6m

Manufactures and supplies various natural extracts and ingredients to beverage, flavor, fragrance, and consumer goods markets.

Amex Exploration

Market Cap: CA$381.2m

Engages in the exploration of gold mining properties in Canada.

Denarius Metals

Market Cap: €73.0m

Engages in the acquisition, exploration, development, and operation of mineral properties in Spain and Colombia.

Greystone Logistics

Market Cap: US$32.2m

Through its subsidiaries, manufactures and markets plastic pallets and pelletized recycled plastic resins in the United States.

Eastman Chemical

Market Cap: R$7.2b

Operates as a specialty materials company in the United States, China, and internationally.

Sasol

Market Cap: R70.5b

Operates as a chemical and energy company.

Silvercorp Metals

Market Cap: CA$1.8b

Acquires, explores, develops, and mines mineral properties in China.

ALPEK. de

Market Cap: US$19.8b

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

Flügger group

Market Cap: DKK 984.6m

Designs, manufactures, and markets decorative paints, wood protection products, spackling pastes, and wallpaper and tools.

Tessenderlo Group

Market Cap: €1.5b

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

Zaklady Azotowe Pulawy

Market Cap: €930.9m

Manufactures and sells fertilizer and chemical products worldwide.

Steel Pipe Industry of Indonesia

Market Cap: €3.2t

Together with its subsidiary, PT Spindo Engineering Industry, manufactures and sells steel pipes/tubes and other related products in Indonesia and internationally.

FPX Nickel

Market Cap: US$110.2m

A junior nickel mining company, engages in the acquisition, exploration, and development of mineral resource properties in Canada.

Grupa Kety

Market Cap: €9.1b

Through its subsidiaries, manufactures and sells aluminum profiles and components in Poland and internationally.

Denarius Metals

Market Cap: US$73.0m

Engages in the acquisition, exploration, development, and operation of mineral properties in Spain and Colombia.

Suzano

Market Cap: €62.1b

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

Steel Dynamics

Market Cap: €20.0b

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

Denarius Metals

Market Cap: CA$73.0m

Engages in the acquisition, exploration, development, and operation of mineral properties in Spain and Colombia.

Ferroglobe

Market Cap: €802.5m

Produces and sells silicon metal, and silicon and manganese-based ferroalloys in the United States, Europe, and internationally.

Thai O.P.P

Market Cap: ฿816.0m

Manufactures and distributes plastic films, stickers, laminate tubes, and packaging products in Thailand.

Zaklady Azotowe Pulawy

Market Cap: zł930.9m

Manufactures and sells fertilizer and chemical products worldwide.

Lenzing

Market Cap: US$979.0m

Produces and markets regenerated cellulosic fibers for textiles and nonwovens.

Progressive Planet Solutions

Market Cap: €34.0m

Primarily engages in the acquisition and exploration of mineral properties in Canada and the United States.

Voltage Metals

Market Cap: €1.1m

Engages in the acquisition, exploration, and development of mineral property interests in Canada.

Tirupati Foam

Market Cap: ₹489.2m

Manufactures and sells polyurethane foam and articles in India.

Shougang Fushan Resources Group

Market Cap: HK$14.2b

An investment holding company, engages in the business of coking coal mining and production and sales of coking coal products in the People's Republic of China.

Guangdong Zhongnan Iron and Steel

Market Cap: CN¥6.5b

Guangdong Zhongnan Iron and Steel Co., Ltd.

Crown Paints Kenya

Market Cap: KSh8.1b

Manufactures and sells paints, adhesives, decorating sundries, PVA emulsions, and alkyd resins in Kenya, Uganda, Tanzania, and Rwanda.

Formosa Chemicals & Fibre

Market Cap: NT$171.4b

Produces and sells petrochemical products, nylon fibers, and rayon staple fibers in Taiwan and internationally.

Sirakorn

Market Cap: ฿276.0m

Engages in the manufacture and distribution of concrete products in Thailand.

Guangzhou Lushan New Materials

Market Cap: CN¥3.4b

Manufactures and sells functional polymer materials worldwide.

Nihon Seikan k.k

Market Cap: JP¥1.7b

Together with its subsidiary, manufactures and sells metal cans in Japan.

Shikoku Kasei Holdings

Market Cap: JP¥99.6b

Engages in the research and development, manufacture, and sale of chemical products and housing materials in Japan and internationally.

BHP Group

Market Cap: AU$214.4b

Operates as a resources company in Australia, Europe, China, Japan, India, South Korea, rest of Asia, North America, South America, and internationally.

Shandong Jinling Mining

Market Cap: CN¥5.0b

Engages in the iron ore mining business in China.