Global Materials Potentially Undervalued Companies

OBM Drilchem

Market Cap: Rp209.6b

Operates as a manufacturer and provider of specialty drilling fluid additives to the drilling industry in Indonesia and internationally.

Canaf Investments

Market Cap: US$17.1m

Owns and operates a coal processing business in South Africa.

Stanpacks (India)

Market Cap: ₹73.8m

Manufactures and sells polypropylene (PP) bags in India.

Jastrzebska Spólka Weglowa

Market Cap: €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.

Fortuna Mining

Market Cap: €3.7b

Engages in the precious and base metal mining and related activities in Argentina, Burkina Faso, Côte d’Ivoire, Mexico, Peru, and Senegal.

Corticeira Amorim S.G.P.S

Market Cap: €957.6m

Engages in the acquisition and transformation of cork into various cork and cork-related products in Europe, the United States, Rest of America, Australasia, and Africa.

Viohalco

Market Cap: €1.9b

Through its subsidiaries, manufactures, and sells aluminium, copper, cables, and steel and steel pipe products.

Sotkamo Silver

Market Cap: SEK 336.9m

A mining and ore prospecting company, develops and utilises mineral deposits in the Kainuu region in Finland.

Wienerberger

Market Cap: €2.9b

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

Forterra

Market Cap: UK£386.7m

Engages in the manufacturing and sale of building products made from clay and concrete in the United Kingdom.

Osisko Development

Market Cap: US$1.1b

Acquires, explores, and develops precious metals resource properties in Canada, Mexico, and the United States.

CEMEX. de

Market Cap: €240.1b

Engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide.

Evonik Industries

Market Cap: US$6.8b

Produces and sells specialty chemicals in the Asia-Pacific, Europe, the Middle East, Africa, Central and South America, and North America.

LINTEC

Market Cap: €239.9b

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

Electra Battery Materials

Market Cap: €26.6m

Engages in the acquisition and exploration of resource properties in the United States and Canada.

Shin-Etsu Chemical

Market Cap: US$9.0t

Provides infrastructure, electronics, and functional materials in Japan.

Monument Mining

Market Cap: CA$222.4m

Operates as a gold producer, engages in the acquisition, exploration, and development of gold, precious metals, and other base metal properties in Canada, Australia, and Malaysia.

Samhyun Steel

Market Cap: ₩69.5b

Engages in processing and selling steel plates and section steels.

Hainan Mining

Market Cap: CN¥16.1b

Hainan Mining Co., Ltd. mines, processes, and sells iron ore in China.

Adeka

Market Cap: JP¥338.7b

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

Modern Steels

Market Cap: ₹242.4m

Engages in the steel manufacturing business in India.

Electrotherm (India)

Market Cap: ₹13.0b

An engineering and steel company, provides steel melting solutions worldwide.

FireFly Metals

Market Cap: AU$931.8m

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

Aeroflex Enterprises

Market Cap: ₹9.5b

Manufactures and sells stainless-steel flexible hoses and assemblies in India, the Middle East, Europe, Asia, Africa, the United States, Latin and Central America, the Caribbean Islands, Australia, and North America.

Saraswanti Anugerah Makmur

Market Cap: Rp3.3t

Engages in the production and distribution of non-subsidized NPK Fertilizers in Indonesia.

Siam Steel Service Center

Market Cap: ฿1.3b

Engages in manufacturing and selling steel accessories in Thailand, China, Vietnam, Cambodia, Myanmar, and Japan.

Sika

Market Cap: US$28.0b

A specialty chemicals company, develops, produces, and sells systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and motor vehicle industry worldwide.

Covestro

Market Cap: €11.0b

Supplies high-tech polymer materials and application solutions.

Solvay

Market Cap: US$2.8b

Provides basic and performance chemicals worldwide.

Imerys

Market Cap: €1.9b

Engages in the supply of specialty minerals for various industries across Europe, the Middle East, Africa, Asia Pacific, and America.

Mako Mining

Market Cap: CA$586.4m

Engages in gold mining and exploration activities in Nicaragua.

Fuchs

Market Cap: €4.6b

Develops, produces, and distributes lubricants and functional fluids in Europe, the Middle East, Africa, the Asia Pacific, and North and South America.

Kenmare Resources

Market Cap: UK£278.8m

Engages in the production and sale of mineral sand products in China, rest of Asia, Europe, the United States, and internationally.

Core Lithium

Market Cap: €278.4m

Engages in the development of lithium and various metal deposits in Northern Territory and South Australia.

Tessenderlo Group

Market Cap: €1.5b

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

Eastern Province Cement

Market Cap: ر.س2.3b

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