Global Materials Potentially Undervalued Companies

Ecovyst

Market Cap: €1.0b

Offers specialty catalysts and services in the United States and internationally.

Aldebaran Resources

Market Cap: CA$392.5m

Engages in the acquisition, exploration, and evaluation of mineral properties in Canada and Argentina.

Altri SGPS

Market Cap: €1.0b

Produces and sells cellulosic fibers in Portugal and internationally.

Chememan

Market Cap: ฿2.5b

Manufactures and distributes mineral lime and chemical products in Thailand and internationally.

Neo Performance Materials

Market Cap: US$832.0m

Engages in the manufacture and sale of rare earth, magnetic powders, magnets, and rare metal-based functional materials in China, Japan, Thailand, South Korea, North America, Europe, and internationally.

Symrise

Market Cap: €10.2b

Operates as a supplier of fragrances, flavorings, cosmetic base materials and active ingredients, and functional ingredients and solutions in Europe, Africa, the Middle East, North America, the Asia Pacific, and Latin America.

RHI Magnesita

Market Cap: €962.5m

Develops, produces, sells, installs, and maintains refractory products and systems used in industrial high-temperature processes worldwide.

Aura Minerals

Market Cap: CA$4.0b

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

Solvac

Market Cap: €1.8b

Operates as an advanced materials and specialty chemicals company in Belgium.

Lucara Diamond

Market Cap: CA$86.4m

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

Kaiser Aluminum

Market Cap: €1.2b

Manufactures and sells semi-fabricated specialty aluminum mill products.

Kumba Iron Ore

Market Cap: US$103.7b

Engages in the exploration, extraction, beneficiation, marketing, sale, and shipping of iron ore for the steel industry in South Africa.

RHI Magnesita

Market Cap: €962.5m

Develops, produces, sells, installs, and maintains refractory products and systems used in industrial high-temperature processes worldwide.

Warrior Met Coal

Market Cap: €3.3b

Engages in the production and export of non-thermal steelmaking coal for the steel production by metal manufacturers in Europe, South America, and Asia.

Nucor

Market Cap: AR$31.3b

Engages in the manufacture and sale of steel and steel products.

SIG Group

Market Cap: US$3.2b

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

Salzgitter

Market Cap: €1.3b

Engages in steel and technology businesses worldwide.

Yara International

Market Cap: NOK 96.1b

Provides crop nutrition and industrial solutions in Norway, European Union, Europe, Africa, Asia, North and Latin America, Australia, and New Zealand.

Corteva

Market Cap: €47.3b

Operates in the agriculture business.

Empress Royalty

Market Cap: CA$114.9m

Engages in creating and investing in a portfolio of precious metal royalty and streaming interests in Canada.

Novozymes

Market Cap: €177.9b

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.

Western Forest Products

Market Cap: CA$135.6m

Operates as an integrated softwoods forest products company in Canada, the United States, Japan, China, Europe, and internationally.

Liberty Gold

Market Cap: US$273.5m

Engages in the acquisition, exploration, and development of mineral properties primarily in the United States and Türkiye.

Syensqo

Market Cap: €7.0b

Engages in the research, development, and production of advanced materials for industrial and consumer applications worldwide.

Daido Steel

Market Cap: €262.2b

Manufactures and sells steel products in Japan and internationally.

CF Industries Holdings

Market Cap: US$14.8b

Engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally.

BRAIN Biotech

Market Cap: €47.0m

Provides bio-based products and solutions in Germany, the United States, France, the Netherlands, and the United Kingdom.

DRDGOLD

Market Cap: US$2.3b

A gold mining company, engages in the extraction of gold from the retreatment of surface mine tailings in South Africa.

DSM-Firmenich

Market Cap: US$18.2b

Provides nutrition, health, and beauty solutions in Switzerland, the Netherlands, rest of Europe, the Middle East and Africa, North America, Latin America, China, and rest of Asia.

South32

Market Cap: R11.9b

Operates as a diversified metals and mining company.

Industrie Chimiche Forestali

Market Cap: €37.9m

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.

Newmont

Market Cap: €91.4b

Engages in the production and exploration of gold properties.

Gerdau

Market Cap: US$32.5b

Operates as a steel producer company.

Scotts Miracle-Gro

Market Cap: US$3.3b

Engages in the manufacture, marketing, and sale of products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally.

Osisko Development

Market Cap: €1.1b

Acquires, explores, and develops precious metals resource properties in Canada, Mexico, and the United States.

Ramelius Resources

Market Cap: €6.9b

Engages in the exploration, evaluation, mine development and operation, production, and sale of gold.