Global Materials Potentially Undervalued Companies

Olin

Market Cap: US$2.7b

Manufactures and distributes chemical products in the United States, Europe, Asia Pacific, Latin America, and Canada.

Stepan

Market Cap: €1.1b

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

Covestro

Market Cap: €10.9b

Supplies high-tech polymer materials and application solutions.

Huhtamäki Oyj

Market Cap: €3.1b

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

Verallia Société Anonyme

Market Cap: €2.8b

Manufactures and sells glass packaging products for beverages and food products worldwide.

American Vanguard

Market Cap: US$163.5m

Through its subsidiaries, develops, manufactures, and markets chemical, biological and biorational products for agricultural, commercial, and consumer uses in the United States and internationally.

Outokumpu Oyj

Market Cap: €1.7b

Produces and sells various stainless steel products in Finland, Germany, Italy, the United Kingdom, other European countries, North America, the Asia-Pacific, and internationally.

Fortescue

Market Cap: US$58.8b

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

Outokumpu Oyj

Market Cap: €1.7b

Produces and sells various stainless steel products in Finland, Germany, Italy, the United Kingdom, other European countries, North America, the Asia-Pacific, and internationally.

SSAB

Market Cap: SEK 52.8b

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

Alcoa

Market Cap: €8.1b

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.

Kobe Steel

Market Cap: €712.7b

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

Geodrill

Market Cap: CA$161.3m

Provides mineral exploration drilling services to the mining companies in West Africa, Egypt, Chile, and Peru.

Avery Dennison

Market Cap: US$12.7b

Operates as a materials science and digital identification solutions company in the United States, Europe, the Middle East, North Africa, Asia, Latin America, and internationally.

Rio Tinto Group

Market Cap: US$83.8b

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

SSAB

Market Cap: €52.8b

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

Freeport-McMoRan

Market Cap: €54.1b

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

Eldorado Gold

Market Cap: CA$7.9b

Engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, and Greece.

IAMGOLD

Market Cap: CA$9.4b

Through its subsidiaries, operates as a gold producer and developer in Canada and Burkina Faso.

CNMC Goldmine Holdings

Market Cap: S$409.3m

An investment holding company, engages in the exploration and mining of gold deposits in Malaysia.

Rio Tinto Group

Market Cap: UK£83.8b

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

Regis Resources

Market Cap: AU$4.4b

Engages in the exploration, evaluation, and development of gold projects in Australia.

Evonik Industries

Market Cap: €6.9b

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

Norsk Hydro

Market Cap: €131.5b

Engages in the power production, bauxite extraction, alumina refining, aluminium smelting, and recycling activities worldwide.

LANXESS

Market Cap: €2.0b

Operates as a specialty chemicals company that engages in the development, manufacture, and marketing of chemical intermediates, additives, specialty chemicals, and consumer protection products worldwide.

Vicat

Market Cap: €2.7b

Engages in the production and sale of cement, ready-mixed concrete, and aggregates for construction industry.

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.

Regis Resources

Market Cap: US$4.4b

Engages in the exploration, evaluation, and development of gold projects in Australia.

KGHM Polska Miedz

Market Cap: €30.3b

Engages in the exploration and mining of copper, nickel, precious metals, and non-ferrous metals in Poland and internationally.

Alphamin Resources

Market Cap: €1.2b

Engages in the production and sale of tin concentrate.

Vidrala

Market Cap: €3.0b

Manufactures and sells glass containers for food and beverage products in the United Kingdom, Ireland, Italy, Iberian Peninsula, rest of Europe, and Brazil.

Kemira Oyj

Market Cap: US$2.9b

Operates as a chemicals company in Finland, rest of Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Lotte Chemical

Market Cap: ₩2.7t

A chemical company, manufactures and distributes petrochemical products.

Aurubis

Market Cap: €4.4b

Processes metal concentrates and recycling materials in Germany.

Ero Copper

Market Cap: CA$2.7b

Engages in the exploration, development, and production of mining projects in Brazil.

artience

Market Cap: €154.9b

Engages in the colorants and functional materials, polymers and coatings, printing and information, and packaging materials businesses in Japan, China, Europe, Africa, Asia, the Americas, and internationally.