Global Materials Potentially Undervalued Companies

Indian Metals and Ferro Alloys

Market Cap: ₹60.7b

Engages in the production and sale of ferro chrome in India and internationally.

Thai Eastern Group Holdings

Market Cap: ฿3.5b

Engages in the rubber, palm oil, renewable energy and organic waste management, and logistics businesses in Thailand and internationally.

Zhejiang Jihua Group

Market Cap: CN¥3.7b

Operates in the dyestuff industry.

UBE

Market Cap: JP¥232.2b

Engages in the materials and machinery businesses in Japan, Asia, Europe, and internationally.

Core Lithium

Market Cap: AU$278.4m

Engages in the development of lithium and various metal deposits in Northern Territory and South Australia.

Jiangsu Shagang

Market Cap: CN¥12.2b

Engages in the development, smelting, processing, and sales of ferrous metal products in China and internationally.

Showa Paxxs

Market Cap: JP¥13.3b

Manufactures and sells packaging containers and materials in Japan and internationally.

Tribune Resources

Market Cap: AU$339.5m

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

Sinopec Shanghai Petrochemical

Market Cap: HK$25.8b

Manufactures and sells petroleum and chemical products in the People’s Republic of China.

Air Water

Market Cap: JP¥599.2b

Engages in the manufacturing and sale of products and services related to industrial gas, chemical, medical, energy, agriculture and food products, logistics, seawater, and other businesses in Japan.

Jiangsu Changhai Composite Materials

Market Cap: CN¥5.9b

Engages in the scientific research, development, production, and sale of glass fiber products and glass fiber composite materials.

Shandong Boyuan Pharmaceutical & Chemical

Market Cap: CN¥10.1b

Shandong Boyuan Pharmaceutical & Chemical Co., Ltd.

JTL Industries

Market Cap: ₹27.9b

Manufactures and sells iron and steel products in India and internationally.

Hubei Jianghan New Materials

Market Cap: CN¥9.0b

Develops, produces, and sells silane coupling agents, silane cross-linking agents, and other products in China.

Hailir Pesticides and Chemicals GroupLtd

Market Cap: CN¥4.8b

Hailir Pesticides and Chemicals Group Co.,Ltd.

Lee & Man Paper Manufacturing

Market Cap: HK$11.7b

Engages in the manufacture and trading of packaging papers, pulps, and tissue papers in the People’s Republic of China, Vietnam, Malaysia, Macau, and Hong Kong.

Voestalpine

Market Cap: Kč5.0b

Processes, develops, manufactures, and sells steel products in Austria, the European Union, and internationally.

ACICO Industries Company - K.S.C. (Public)

Market Cap: د.ك32.5m

Provides building materials, and construction and engineering services in Kuwait, the United Arab Emirates, the Kingdom of Saudi Arabia, Qatar, and internationally.

Lion Asiapac

Market Cap: S$29.2m

An investment holding company, engages in lime manufacturing and sales activities in Malaysia and Singapore.

Perimeter Solutions

Market Cap: Mex$3.1b

Manufactures and supplies firefighting products and lubricant additives in the United States, Germany, and internationally.

OQ Base Industries (SFZ) SAOG

Market Cap: ر.ع508.5m

Produces and sells base chemicals in the Sultanate of Oman and the United Arab Emirates.

United Carton Industries

Market Cap: ر.س1.1b

Provides various paper-based packaging solutions in the Kingdom of Saudi Arabia and internationally.

SABIC Agri-Nutrients

Market Cap: ر.س56.4b

Engages in the production, conversion, manufacturing, marketing, and trade of agri-nutrients and chemical products in Singapore, the United States, India, the Kingdom of Saudi Arabia, the United Arab Emirates, Bangladesh, Pakistan, and internationally.

Saudi Lime Industries

Market Cap: ر.س280.9m

Manufactures and sells limestone products.

CEVIA Enviro

Market Cap: CN¥9.3b

Produces and sells cement clinker, cement and its products in China.

Bengang Steel Plates

Market Cap: CN¥13.3b

Engages in production and trading of ferrous metal products in China.

Japan Pure ChemicalLtd

Market Cap: JP¥18.8b

Develops, manufactures, and sells metal plating chemicals for electronic devices in Japan.

Hwang Kum Steel & Technology

Market Cap: ₩99.0b

Produces and sells stainless steel products in South Korea.

Tongling Nonferrous Metals GroupLtd

Market Cap: CN¥63.6b

Tongling Nonferrous Metals Group Co.,Ltd.

Champion Iron

Market Cap: AU$2.5b

Engages in the acquisition, exploration, development, and production of iron ore properties in Canada.

MMG

Market Cap: HK$76.0b

An investment holding company, engages in the exploration, development, and mining of mineral properties.

Stanley Agriculture GroupLtd

Market Cap: CN¥10.6b

Engages in the research and development, production and sale of compound fertilizers in China.

Can Tho Pesticides

Market Cap: ₫71.0b

Manufactures and sells agricultural chemicals in Vietnam and internationally.

Jiangsu Shagang

Market Cap: CN¥12.2b

Engages in the development, smelting, processing, and sales of ferrous metal products in China and internationally.

Robex Resources

Market Cap: AU$774.2m

Engages in the exploration, development, and production of gold in West Africa.

Kohat Cement

Market Cap: PK₨93.2b

Manufactures and sells cement in Pakistan and Afghanistan.