Global Materials Potentially Undervalued Companies

Welspun

Market Cap: ₹226.4b

Manufactures, trades in, distributes, and sells steel pipes, tubes, bars, coils, and plates in India, the United States, and internationally.

Gulf Oil Lubricants India

Market Cap: ₹59.9b

Manufactures, markets, and trades lubricating oils, greases, and other derivatives for use in the automobile and industrial sectors in India.

Toin

Market Cap: JP¥4.6b

Engages in the packaging materials, precision coating, and other businesses.

CHC Resources

Market Cap: NT$17.7b

Manufactures and supplies construction materials in Taiwan.

Chonburi Concrete Product

Market Cap: ฿802.7m

Engages in the manufacturing and sales of concrete products in Thailand.

Taoka Chemical Company

Market Cap: JP¥20.1b

Manufactures and sells various chemicals in Japan and internationally.

Yamau Holdings

Market Cap: JP¥15.4b

Manufactures and sells concrete products in Japan.

Anhui Conch Material Technology

Market Cap: HK$1.1b

Anhui Conch Material Technology Co., Ltd.

Nicca ChemicalLtd

Market Cap: JP¥23.2b

Manufactures and sells surfactants for textile chemicals, metals, pulp and paper, paints, dyes, synthetic resins, and dry and professional cleaning agents in Japan and internationally.

Ningbo ShanshanLtd

Market Cap: CN¥31.9b

Provides lithium battery materials in China and internationally.

SeAH SPECIAL STEEL

Market Cap: ₩131.2b

SeAH SPECIALSTEEL CO., LTD. manufactures and sells wire rods and steel bars in South Korea and internationally.

Adeka

Market Cap: JP¥338.7b

Engages in chemicals, food products, and life science businesses.

Hindalco Industries

Market Cap: ₹1.7t

Manufactures and distributes aluminum and copper products in India, the United States, Brazil, South Korea, the United Kingdom, Germany, China, and internationally.

FireFly Metals

Market Cap: AU$931.8m

Engages in the exploration and evaluation of mineral deposits in Australia and Canada.

United Basalt Products

Market Cap: MU₨1.8b

Manufactures and sells building materials primarily in Mauritius, Sri Lanka, and Réunion.

Pum-Tech Korea

Market Cap: ₩734.0b

Engages in the manufacturing and sale of in cosmetics dispensers and containers in South Korea and internationally.

Jastrzebska Spólka Weglowa

Market Cap: US$3.0b

Engages in the extraction, production, and sale of coal, coke, and hydrocarbons in Poland, Austria, Czech Republic, Germany, Slovakia, Belgium, Spain, Norway, Switzerland, Romania, Singapore, Italy, Luxembourg, Holland, France, and internationally.

Tosoh

Market Cap: US$722.6b

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

Avient

Market Cap: €3.0b

Operates as a formulator of material solutions in the United States, Canada, Mexico, Europe, South America, and Asia.

Metsä Board Oyj

Market Cap: €1.1b

Engages in the folding boxboard, fresh fibre linerboard, and market pulp businesses in Finland and internationally.

Ball

Market Cap: US$13.5b

Supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally.

Mosaic

Market Cap: US$11.2b

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

Hochschild Mining

Market Cap: €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.

PPC

Market Cap: €8.4b

Engages in the production and sale of cement, aggregates, ready mix concrete, and fly ash in South Africa, Botswana, and Zimbabwe.

K+S

Market Cap: €2.1b

Operates as a supplier of mineral products for the agricultural, industrial, consumer, and community sectors in Europe, the United States, Asia, Africa, and Oceania.

Heidelberg Materials

Market Cap: €34.6b

Produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide.

Bradda Head Lithium

Market Cap: US$4.0m

Engages in the exploration and development of lithium deposits and resources in the United States.

Wienerberger

Market Cap: US$2.9b

Produces and sells clay blocks, facing bricks, roof tiles, and pavers in Europe West, Europe East, and North America.

Hanchang Ind.Co.Ltd

Market Cap: ₩37.5b

Operates as a functional material company in South Korea.

Capital

Market Cap: US$203.1m

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

Inmocemento

Market Cap: €1.6b

Inmocemento S.A., through its subsidiaries, engages in the real estate and cement businesses.

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.

Kobe Steel

Market Cap: US$714.9b

Engages in the materials, machinery, and power businesses internationally.

Covestro

Market Cap: US$11.0b

Supplies high-tech polymer materials and application solutions.

Mako Mining

Market Cap: CA$586.4m

Engages in gold mining and exploration activities in Nicaragua.

Eastern Province Cement

Market Cap: ر.س2.3b

Produces and sells clinker and cement in the Kingdom of Saudi Arabia and internationally.