Global Materials Potentially Undervalued Companies

Vizsla Silver

Market Cap: CA$2.0b

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

Aclara Resources

Market Cap: €598.4m

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

Baikowski

Market Cap: €75.6m

Produces and sells specialty chemicals in France, rest of Europe, the Americas, Asia, and internationally.

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.

CRH

Market Cap: €75.0b

Provides building materials solutions in Ireland, the United States, the United Kingdom, rest of Europe, and internationally.

Labrador Iron Ore Royalty

Market Cap: CA$1.8b

Through its subsidiary, Hollinger-Hanna Limited, holds a 15.10% equity interest in Iron Ore Company of Canada that produces and processes iron ores in Canada.

Amaroq

Market Cap: US$604.0m

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

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.

ArcWest Exploration

Market Cap: US$12.5m

Engages in the exploration of mineral properties in Canada.

Winpak

Market Cap: CA$2.5b

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

Tung Ho Steel Enterprise

Market Cap: US$43.8b

Produces and sells steel products in Taiwan.

Stora Enso Oyj

Market Cap: US$7.3b

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

UPM-Kymmene Oyj

Market Cap: €12.2b

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

Nippon Kayaku

Market Cap: €219.3b

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

Monarch Cement

Market Cap: US$860.6m

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

Liontown Resources

Market Cap: US$2.7b

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

Buzzi

Market Cap: €8.6b

Manufactures, distributes, and sells cement, ready-mix concrete, and aggregates.

Aris Mining

Market Cap: US$2.6b

Engages in the acquisition, exploration, development, and operation of gold properties in Canada, Colombia, and Guyana.

Arabian Cement CompanyE

Market Cap: ج.م14.7b

Manufactures and sells cement and other related products in Egypt.

Wacker Chemie

Market Cap: €3.2b

Provides chemical products worldwide.

Glencore

Market Cap: R39.7b

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.

Alleima

Market Cap: SEK 18.4b

Manufactures and sells stainless steels, special alloys, medical wires and components, and electric heating systems in Europe, North America, Asia, and internationally.

Trinseo

Market Cap: US$92.4m

Provides specialty material solutions in the United States, Europe, the Asia-Pacific, and internationally.

Atome

Market Cap: €31.3m

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

Orion

Market Cap: €436.8m

Engages in the manufacture and sale of carbon black products.

Ball

Market Cap: €13.2b

Supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally.

Ashland

Market Cap: €2.2b

Provides additives and specialty ingredients in the North and Latin America, Europe, Asia Pacific, and internationally.

B2Gold

Market Cap: R8.9b

Operates as a gold producer company in Canada.

Acerinox

Market Cap: €2.8b

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

Supremex

Market Cap: US$95.0m

Manufactures and markets envelopes, and paper-based packaging solutions and specialty products for corporations, direct mailers, resellers, government entities, small and medium sized enterprises, and solution providers in Canada and the United States.

Corteva

Market Cap: €46.2b

Operates in the agriculture business.

Alexandria Mineral Oils

Market Cap: ج.م9.7b

Engages in the production and sale of oil products in Egypt and internationally.

Highlander Silver

Market Cap: €397.9m

Engages in acquisition, exploration, and evaluation of mineral properties in Peru.

Gerdau

Market Cap: Mex$32.2b

Operates as a steel producer company.

Cleveland-Cliffs

Market Cap: Mex$6.1b

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