Global Materials Potentially Undervalued Companies

Salzgitter

Market Cap: €1.6b

Engages in steel and technology businesses worldwide.

Artemis Gold

Market Cap: €8.5b

Focuses on the identification, acquisition, and development of gold properties.

Foran Mining

Market Cap: CA$2.1b

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

ATEX Resources

Market Cap: US$729.7m

Engages in the exploration and evaluation of mineral properties in South America.

Outokumpu Oyj

Market Cap: €1.8b

Produces and sells various stainless steel products in Finland, Germany, Italy, the United Kingdom, other European countries, North America, the Asia-Pacific, and internationally.

South32

Market Cap: US$14.2b

Operates as a diversified metals and mining company.

Nine Dragons Paper (Holdings)

Market Cap: €28.4b

Manufactures and sells packaging paper, printing and writing paper, and specialty paper products and pulp in the People’s Republic of China.

Solstice Advanced Materials

Market Cap: US$7.3b

Operates as a specialty materials company.

Catalyst Metals

Market Cap: €1.9b

Engages in the mineral exploration and evaluation in Australia.

Balchem

Market Cap: €5.1b

Develops, manufactures, and markets specialty performance ingredients and products for the nutritional, food, pharmaceutical, animal health, medical device sterilization, plant nutrition, and industrial markets worldwide.

Fufeng Group

Market Cap: €20.6b

An investment holding company, engages in the manufacture and sale of fermentation-based food additives, and biochemical and starch-based products in the People’s Republic of China and internationally.

SigmaRoc

Market Cap: €1.2b

Through its subsidiaries, invests in and/or acquires projects in the quarried materials sector.

Daido Steel

Market Cap: €299.2b

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

POSCO Holdings

Market Cap: €23.7t

Operates as an integrated steel producer in Korea and internationally.

Kumba Iron Ore

Market Cap: US$106.4b

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

Ibstock

Market Cap: UK£513.9m

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

Atlas Lithium

Market Cap: €87.5m

Operates as a mineral exploration and development company in Brazil.

CMOC Group

Market Cap: €354.9b

Engages in the mining, beneficiation, smelting, and refining of base and rare metals.

West China Cement

Market Cap: US$16.4b

An investment holding company, manufactures and sells cement and cement products in the People’s Republic of China, Mozambique, Ethiopia, Democratic Republic of Congo, Other African countries, and internationally.

Robex Resources

Market Cap: €1.2b

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

Lucara Diamond

Market Cap: CA$82.0m

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

Koppers Holdings

Market Cap: US$576.5m

Provides treated wood products, wood preservation chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally.

TRX Gold

Market Cap: US$268.7m

A junior gold mining company, engages in the exploration, development, and production of mineral property in Tanzania.

First Majestic Silver

Market Cap: CA$8.4b

Engages in the acquisition, exploration, development, and production of mineral properties in North America.

RHI Magnesita

Market Cap: €1.1b

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

SigmaRoc

Market Cap: UK£1.2b

Through its subsidiaries, invests in and/or acquires projects in the quarried materials sector.

Grupo México. de

Market Cap: €1.2t

Engages in copper production, cargo transportation, and infrastructure businesses worldwide.

ATEX Resources

Market Cap: CA$729.7m

Engages in the exploration and evaluation of mineral properties in South America.

Imaflex

Market Cap: CA$56.8m

Develops, manufactures, and sells flexible packaging materials for agriculture and packaging industries in Canada, the United States, and internationally.

Freeport-McMoRan

Market Cap: US$58.2b

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

Mondi

Market Cap: US$3.7b

Engages in the manufacture and sale of packaging and paper solutions in Africa, Western Europe, Emerging Europe, Russia, North America, South America, Asia, and Australia.

Tokuyama

Market Cap: US$277.1b

Produces and sells various chemical products in Japan.

Sumitomo Bakelite

Market Cap: €442.0b

Engages in the research and development, manufacture, and sale of semiconductor materials, plastic products, and life products in Japan and internationally.

Mosaic

Market Cap: US$8.1b

Through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients.

Clariant

Market Cap: €2.3b

Develops, manufactures, distributes, and sells specialty chemicals in Switzerland, Europe, the Middle East, Africa, the United States, and the Asia Pacific.

Ashland

Market Cap: US$2.4b

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