Global Materials Potentially Undervalued Companies

Industrie Chimiche Forestali

Market Cap: €38.5m

Designs, manufactures, and markets adhesives and fabrics for footwear, leather goods, packaging, automotive, clothing, upholstered furniture, boating, cement, gloss lamination, and other industrial applications in Italy and internationally.

Tung Ho Steel Enterprise

Market Cap: US$43.8b

Produces and sells steel products in Taiwan.

Nippon Kayaku

Market Cap: €219.3b

Engages in mobility and imaging, fine chemicals, and life sciences businesses in Japan.

Liontown Resources

Market Cap: US$2.7b

Engages in the exploration, evaluation, and development of mineral properties in Australia.

Monarch Cement

Market Cap: US$860.6m

Engages in the manufacture and sale of portland cement in the United States.

ArcWest Exploration

Market Cap: US$12.5m

Engages in the exploration of mineral properties in Canada.

Toray Industries

Market Cap: US$1.5t

Manufactures, processes, and sells fibers and textiles, performance chemicals, carbon fiber composite materials, environment and engineering products, and life science products in Japan, China, North America, Europe, and internationally.

UPM-Kymmene Oyj

Market Cap: €12.2b

Engages in the forest-based bioindustry in Europe, North America, Asia, and internationally.

Orla Mining

Market Cap: €4.8b

Acquires, explores, develops, and exploits mineral properties.

New Gold

Market Cap: US$7.5b

An intermediate gold mining company, engages in the development and operation of mineral properties in Canada.

Usinas Siderúrgicas de Minas Gerais

Market Cap: US$5.5b

Processes, manufactures, and markets flat steel products in Brazil and internationally.

Stora Enso Oyj

Market Cap: US$7.3b

Provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries in Finland 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.

Stella-Jones

Market Cap: €4.3b

Manufactures and sells industrial pressure-treated wood products in Canada and the United States.

Philex Mining

Market Cap: US$45.1b

Engages in the exploration, development, and utilization of mineral resources in the Philippines.

Master-Pack Group Berhad

Market Cap: RM 146.9m

An investment holding company, manufactures, distributes, and sells corrugated cartons and wooden packaging materials in Malaysia, Vietnam, and internationally.

Akzo Nobel

Market Cap: €10.3b

Produces and sells paints and coatings worldwide.

SIG Group

Market Cap: €3.2b

Provides aseptic carton packaging systems and solutions for beverage and liquid food products.

Cementos Molins

Market Cap: €1.9b

Manufactures and markets materials and solutions for construction.

Nippon Sanso Holdings

Market Cap: US$2.4t

Engages in the gas business in Japan, the United States, Europe, Asia, and Oceania.

Ternium

Market Cap: US$6.8b

Manufactures and distributes steel products in Mexico, Southern Region, Brazil, and internationally.

AirBoss of America

Market Cap: CA$142.3m

Manufactures and sells rubber-based products in Canada, the United States, and internationally.

Atome

Market Cap: UK£31.3m

Engages in producing, marketing, and distributing green hydrogen and ammonia in the United Kingdom, Costa Rica, Iceland, and Paraguay.

Tharisa

Market Cap: R6.9b

An investment holding company, engages in the mining, processing beneficiation, marketing, sale, and logistics of platinum group metals (PGMs) and chrome concentrates in South Africa, China, Singapore, Hong Kong, the United Arab Emirates, an internationally.

Dangote Cement

Market Cap: ₦8.8t

Engages in the preparation, manufacturing, distribution, and sale of cement and related products in Nigeria.

Winpak

Market Cap: CA$2.5b

Manufactures and distributes packaging materials and related packaging machines in the United States, Canada, and Mexico.

UPM-Kymmene Oyj

Market Cap: €12.2b

Engages in the forest-based bioindustry in Europe, North America, Asia, and internationally.

Gemfields Group

Market Cap: €2.5b

Operates as a mining company.

Silver Tiger Metals

Market Cap: CA$324.9m

Engages in the exploration and evaluation of mineral properties in Mexico.

Thrace Plastics Holding

Market Cap: €173.4m

Produces and distributes polypropylene products in Greece and internationally.

Nitto Denko

Market Cap: €2.4t

Primarily engages in the adhesive tapes business in Japan, the Americas, Europe, Asia, and Oceania.

Ambuja Cements

Market Cap: US$1.4t

Manufactures, markets, and sells cement and related products to individual homebuilders, developers, infrastructure projects, masons and contractors, professionals, and architects and engineers in India.

Wacker Chemie

Market Cap: €3.2b

Provides chemical products worldwide.

Amaroq

Market Cap: US$604.0m

Engages in the acquisition, exploration, and development of mineral properties in Greenland.

International Flavors & Fragrances

Market Cap: €15.5b

Manufactures and markets food, beverage, health and biosciences, scent, pharma solutions, and complementary adjacent products in the United States, Europe, and internationally.

IBU-tec advanced materials

Market Cap: €46.7m

Offers services and products for the chemical industry Germany, rest of Europe, and internationally.