Global Materials Potentially Undervalued Companies

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.

Aura Minerals

Market Cap: US$3.8b

A gold and copper production company, focuses on the development and operation of gold and base metal projects in the Americas.

S.C. Romcarbon

Market Cap: RON 72.1m

Operates as a plastic processor and a recycler in Romania, Europe, China, Israel, Taiwan, and Panama.

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.

Ibstock

Market Cap: €535.9m

Manufactures and sells clay and concrete building products and solutions to customers in the residential construction sector in the United Kingdom.

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.

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.

Kansai Paint

Market Cap: US$437.8b

Manufactures and sells paints and coatings in Japan, India, Asia, Africa, Europe, and internationally.

Magnum Mining and Exploration

Market Cap: US$20.9m

Engages in the exploration and evaluation of mineral properties in Australia and the United States.

Verallia Société Anonyme

Market Cap: €2.8b

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

Umm Al-Qura Cement

Market Cap: ر.س815.7m

Manufactures and sells clinker and cement products in the Kingdom of Saudi Arabia.

WONIK MaterialsLtd

Market Cap: ₩404.7b

Manufactures and sells specialty gases in South Korea, China, and internationally.

S H Kelkar

Market Cap: ₹31.9b

Manufactures and supplies fragrances, flavors, and aroma ingredients in India.

Orla Mining

Market Cap: €4.8b

Acquires, explores, develops, and exploits mineral properties.

SIG Group

Market Cap: €3.2b

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

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.

Akzo Nobel

Market Cap: €10.3b

Produces and sells paints and coatings worldwide.

Nitto Denko

Market Cap: €2.4t

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

Thrace Plastics Holding

Market Cap: €173.4m

Produces and distributes polypropylene products in Greece and internationally.

Lucara Diamond

Market Cap: US$88.7m

A diamond mining company, engages in the development and operation of diamond properties in Africa.

Salzgitter

Market Cap: €1.4b

Engages in steel and technology businesses worldwide.

Newmont

Market Cap: €91.6b

Engages in the production and exploration of gold properties.

Lithium Royalty

Market Cap: US$343.3m

Operates as a lithium-focused royalty company in Canada, the United States, Australia, Argentina, Brazil, and South America.

Vale

Market Cap: €248.5b

Produces iron ore and nickel worldwide.

Myers Industries

Market Cap: US$621.4m

Engages in distribution of tire service supplies in Ohio.

Cleveland-Cliffs

Market Cap: US$6.0b

Operates as a flat-rolled steel producer in the United States, Canada, and internationally.

Novozymes

Market Cap: €174.7b

Produces and sells industrial enzymes, functional proteins, and microorganisms in Denmark, rest of Europe, North America, the Asia Pacific, the Middle East, Africa, Latin America, and internationally.

Aclara Resources

Market Cap: CA$598.4m

A mining company, engages in the exploration and development of rare-earth mineral resources in Chile, Brazil and Peru.

ArcelorMittal

Market Cap: US$23.9b

Operates as integrated steel and mining companies in the Americas, Europe, Asia, and Africa.

Glencore

Market Cap: UK£39.7b

Engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania.

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.

Ora Banda Mining

Market Cap: €2.2b

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

IBU-tec advanced materials

Market Cap: €46.7m

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

Vizsla Silver

Market Cap: CA$2.0b

Engages in the acquisition, exploration, and development of mineral resource properties in Canada and Mexico.