Global Materials Potentially Undervalued Companies

Cleveland-Cliffs

Market Cap: Mex$6.1b

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

Nexa Resources PerúA

Market Cap: S/2.1b

Engages in the exploration, exploitation, production, and commercialization of metals in Peru, the United States, Europe, and Asia.

Delta For Printing & PackagingE

Market Cap: ج.م613.3m

Delta Co. For Printing & Packaging S.A.E converts and prints flexible packaging materials in Egypt.

Ivanhoe Mines

Market Cap: CA$18.6b

Engages in the mining, development, and exploration of minerals and precious metals in Africa.

Pan African Resources

Market Cap: US$1.8b

Engages in the mining, extraction, production, and sale of gold in South Africa.

Israel

Market Cap: ₪7.7b

Operates in the specialty minerals and chemical businesses in Europe, Asia, South America, North America, and internationally.

Heidelberg Materials

Market Cap: CHF 34.6b

Produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide.

Victrex

Market Cap: €597.5m

Through its subsidiaries, engages in the manufacture and sale of polymer solutions worldwide.

Sibanye Stillwater

Market Cap: US$135.1b

Operates as a precious metals mining company in South Africa, the United States, Europe, and Australia.

Freeport-McMoRan

Market Cap: US$51.3b

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

Harmony Gold Mining

Market Cap: Mex$192.6b

Engages in the exploration, extraction, and processing of mineral properties in South Africa, Papua New Guinea, and Australasia.

Newmont

Market Cap: US$93.3b

Engages in the production and exploration of gold properties.

ArcelorMittal

Market Cap: €23.9b

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

B2Gold

Market Cap: CA$9.1b

Operates as a gold producer company in Canada.

Cleveland-Cliffs

Market Cap: US$6.1b

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.

Grupo Argos

Market Cap: Col$13.5t

An infrastructure holding company, engages in cement business.

BHP Group

Market Cap: US$214.4b

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

Cementos PacasmayoA

Market Cap: US$2.0b

Produces, distributes, and sells cement and cement-related materials in Peru.

Cementos PacasmayoA

Market Cap: S/2.0b

Produces, distributes, and sells cement and cement-related materials in Peru.

Cementos Bio Bio

Market Cap: CL$482.5b

Engages in the production and sale of cement, lime, and concrete products in Chile and internationally.

Wienerberger

Market Cap: €2.9b

Produces and sells clay blocks, facing bricks, roof tiles, and pavers in Europe West, Europe East, and North America.

Crown Holdings

Market Cap: Mex$10.1b

Engages in the packaging business in the United States and internationally.

Chelyabinsk plant of the profiled steel decking

Market Cap: ₽1.5b

Public joint stock company "Chelyabinsk plant of the profiled steel decking" produces and sells building structures and materials for rolled metal products in Russia.

Atlas Consolidated Mining and Development

Market Cap: US$10.9b

Through its subsidiaries, engages in the exploration and mining of metallic mineral properties in the Philippines.

KGHM Polska Miedz

Market Cap: zł26.5b

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

Ramaco Resources

Market Cap: US$358.9m

Engages in the development, operation, and sale of metallurgical coal.

Sandfire Resources

Market Cap: US$4.2b

A mining company, engages in the exploration, evaluation, and development of mineral tenements and projects.

Regis Resources

Market Cap: US$1.9b

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

Kazan Organichesky sintez

Market Cap: ₽125.0b

Kazan Public Joint Stock Company Organichesky sintez, together with its subsidiaries, produces and sells chemical products in Russia.

Borregaard

Market Cap: US$18.3b

Engages in the development, production, and marketing of specialized biochemicals and biomaterials in Norway, rest of Europe, Asia, the United States, and internationally.

Turquoise Hill Resources

Market Cap: €8.7b

Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company.

Accsys Technologies

Market Cap: €124.9m

Engages in the production and sale of solid wood and wood elements in the United Kingdom, Ireland, rest of Europe, the Americas, and internationally.

Toagosei

Market Cap: US$165.1b

Manufactures, distributes, and sells chemical products.

Boab Metals

Market Cap: US$62.8m

Engages in the exploration and development of mineral tenements in Australia.

Jishan Berhad

Market Cap: RM 162.3m

An investment holding company, engages in the manufacturing and trading of corrugated cartons, and paper and plastic packaging products in Malaysia and internationally.