Global Materials Potentially Undervalued Companies

Group of Companies Segezha

Market Cap: ₽127.9b

Group of Companies Segezha Public Joint Stock Company operates in the forestry industry in Russia and internationally.

Campine

Market Cap: €111.0m

Engages in the circular metals and specialty chemicals businesses in Belgium and internationally.

Holcim

Market Cap: €29.1b

Provides building materials and solutions worldwide.

Arkema

Market Cap: Mex$7.7b

Manufactures and sells specialty materials in Europe, the United States, Canada, Mexico, China, Hong Kong, Taiwan, and internationally.

Alumindo Light Metal Industry

Market Cap: Rp282.4b

Manufactures and sells flat rolled aluminum products in Indonesia, the United States, Asia, Europe, Australia, and the Middle East.

Zignago Vetro

Market Cap: €968.9m

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

LINTEC

Market Cap: US$186.3b

Develops, manufactures, and sells adhesive-related products in Japan and internationally.

Minera IRL

Market Cap: US$5.3m

Engages in the exploration, development, and operation of mines in Peru.

Alcoa

Market Cap: CHF 9.0b

Engages in the bauxite mining, alumina refining, aluminum production, and energy generation business in Australia, Brazil, Canada, Iceland, Norway, Spain, the United States, and internationally.

Dyno Nobel

Market Cap: CHF 4.8b

Manufactures and distributes commercial explosives in in the United States, Australia, and Mexico.

Corsa Coal

Market Cap: CA$22.8m

Corsa Coal Corp. mines, processes, and sells metallurgical coal in the Asia, North America, South America, and Europe.

Cementir Holding

Market Cap: US$2.3b

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

Holcim

Market Cap: CHF 54.9b

Provides building materials and solutions worldwide.

General Engineering

Market Cap: ฿430.6m

Manufactures and distributes construction materials in Thailand and internationally.

Borregaard

Market Cap: US$19.7b

Engages in the development, production, and marketing of specialized biochemicals and biomaterials in Norway, rest of Europe, Asia, the United States, and internationally.

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.

Harmony Gold Mining

Market Cap: US$192.6b

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

Sinofert Holdings

Market Cap: US$9.5b

An investment holding company, engages in the production, import and export, distribution, and retail of fertilizer raw materials and crop nutrition products in Mainland China and internationally.

Maike Tube Industry Holdings

Market Cap: HK$650.7m

An investment holding company, manufactures and sells steel pipe products and prefabricated pipe nipple products in the People’s Republic of China, the United States, rest of the Americas, rest of Asia, Europe, and internationally.

Nakayama Steel Works

Market Cap: JP¥36.4b

Engages in the steel, engineering, building materials, and real estate businesses in Japan.

Orezone Gold

Market Cap: AU$860.8m

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

Kridhan Infra

Market Cap: ₹379.1m

Manufactures and sells steel products in India and internationally.

Asia-potash International Investment (Guangzhou)Co.Ltd

Market Cap: CN¥34.5b

Asia-Potash International Investment (Guangzhou)Co.,Ltd., together with its subsidiaries, engages in the research, development, processing, production, and sale of potash fertilizers in China and internationally.

CK SAN-ETSU

Market Cap: JP¥35.9b

Engages in the manufacture and sale of brass rod and wire products in Japan, China, and Taiwan.

Furubayashi ShikoLtd

Market Cap: JP¥2.6b

Plans, designs, prints, processes, manufactures, and sells packaging products in Japan, China, and Taiwan.

Sharjah Cement and Industrial Development (PJSC)

Market Cap: د.إ503.6m

Sharjah Cement and Industrial Development Co.

Vietnam Fumigation

Market Cap: ₫2.4t

Produces, processes, and trades in disinfectant and agro-pharmaceutical products in Vietnam.

Zhejiang Jianye Chemical

Market Cap: CN¥4.0b

Engages in the research, development, production, and sales of fine chemical products in China.

Grigeo Group

Market Cap: €139.3m

Operates in the paper and wood industry in Lithuania.

Analabs Resources Berhad

Market Cap: RM 192.8m

An investment holding company, manufactures, formulates, and sells resins, chemicals, and building materials in Malaysia, rest of Asia, and internationally.

Shin-Etsu Chemical

Market Cap: JP¥9.0t

Provides infrastructure, electronics, and functional materials in Japan.

Sharda Cropchem

Market Cap: ₹74.6b

A crop protection chemical company, provides various formulations and generic active ingredients worldwide.

Nan Ya Plastics

Market Cap: NT$314.1b

Engages in the production and sale of plastic processed products, polyester fibers, chemical products, and electronic materials in Taiwan, China and Hong Kong, the United States, and internationally.

NSL

Market Cap: S$336.2m

An investment holding company, engages in the manufacture and sale of building materials in Singapore, Malaysia, the United Arab Emirates, Finland, Norway, Germany, and internationally.

Galan Lithium

Market Cap: AU$153.4m

Engages in the exploration and development of lithium properties.

DingZing Advanced Materials

Market Cap: NT$7.2b

Researches, develops, produces, and sells composite materials, technical films, and other components for various industries in Taiwan.