Global Materials Potentially Undervalued Companies

Mitsubishi Chemical Group

Market Cap: €1.2t

Provides performance products, industrial materials, industrial gases, and others in Japan and internationally.

Savannah Resources

Market Cap: €99.3m

Engages in the exploration and development of lithium properties.

China XLX Fertiliser

Market Cap: HK$10.6b

An investment holding company, engages in the development, manufacture, and sale of urea primarily in Mainland China and internationally.

Nanjing Iron & Steel

Market Cap: CN¥31.3b

Produces and sells steel and related products in China.

Huasheng International Holding

Market Cap: HK$113.3m

An investment holding company, engages in the production and sale of ready-mixed commercial concrete in the People’s Republic of China.

South32

Market Cap: AU$11.9b

Operates as a diversified metals and mining company.

Jinneng Science&TechnologyLtd

Market Cap: CN¥5.7b

An energy-focused industrial company, produces and distributes fine chemical and coal chemical products in China and internationally.

Avery Dennison

Market Cap: US$12.5b

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.

Contango Ore

Market Cap: €312.6m

An exploration stage company, engages in the exploration and development of mineral properties in Alaska, the United States.

Metsä Board Oyj

Market Cap: €1.1b

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

Flotek Industries

Market Cap: US$425.5m

Operates as a technology-driven green chemistry and data company that serves customers across industrial and commercial markets in the United States, the United Arab Emirates, and internationally.

Air Products and Chemicals

Market Cap: €59.2b

Provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally.

BHP Group

Market Cap: UK£214.4b

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

Chongqing Polycomp International

Market Cap: CN¥23.4b

Engages in the research, development, production, and sale of fiberglass products in China.

Jinduicheng Molybdenum

Market Cap: CN¥47.3b

Engages in the provision of molybdenum worldwide.

CMC

Market Cap: ₫1.0t

Together with its subsidiary, CVT Investment and Development Company Limited, manufactures and sells construction materials and other ceramic products in Vietnam.

Orient Cement

Market Cap: ₹46.2b

Manufactures and sells cement in India.

MLG Oz

Market Cap: AU$139.4m

Provides mine site and supply chain solutions in Western Australia and the Northern Territory.

Iluka Resources

Market Cap: AU$2.8b

Engages in the exploration, project development, mining, processing, marketing, and rehabilitation of mineral sands in Australia, China, rest of Asia, Europe, the Americas, and internationally.

Jindal Steel

Market Cap: ₹1.1t

Operates in the steel, mining, and infrastructure sectors in India and internationally.

SSAB

Market Cap: SEK 54.1b

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

Salzgitter

Market Cap: US$1.4b

Engages in steel and technology businesses worldwide.

Gerdau

Market Cap: R$32.2b

Operates as a steel producer company.

Acerinox

Market Cap: €2.8b

Manufactures, process, and markets stainless steel products in Spain, the United States, Africa, Asia, Rest of Europe, and internationally.

Clariant

Market Cap: CHF 2.4b

Develops, manufactures, distributes, and sells specialty chemicals in Switzerland, Europe, the Middle East, Africa, the United States, and the Asia Pacific.

Ddev Plastiks Industries

Market Cap: ₹35.8b

Manufactures and sells customised plastic compounds in India and internationally.

Sonal Adhesives

Market Cap: ₹292.9m

Engages in the manufacturing of adhesive tapes, specialty adhesives, and emulsions in India.

Shandong Xinjufeng Technology Packaging

Market Cap: CN¥3.7b

Shandong Xinjufeng Technology Packaging Co., Ltd.

Tianshan Material

Market Cap: CN¥42.4b

Produces and sells cement, commercial concrete, and aggregates in China and internationally.

Dazhong Mining

Market Cap: CN¥17.5b

Engages in the mining and dressing of iron ore.

Omni-Plus System

Market Cap: JP¥17.8b

Engages in the manufacturing and distribution of commodity and engineering plastics in Singapore and internationally.

Heubach Colorants India

Market Cap: ₹13.7b

Engages in the manufacture and sale of specialty chemicals in India and internationally.

Aditya Birla Real Estate

Market Cap: ₹194.7b

Develops and leases real estate properties primarily in India.

L&P Global Berhad

Market Cap: RM 53.2m

Offers integrated industrial packaging solutions in Malaysia and Vietnam.

China Gold International Resources

Market Cap: HK$9.7b

A gold and base metal mining company, acquires, explores, develops, and mines mineral resources in the People’s Republic of China and Canada.

BBMG

Market Cap: HK$16.9b

An investment holding company, engages in green building materials, and property development and operation businesses in Asia, Europe, Africa, and internationally.