Mexican Materials Potentially Undervalued Companies

Industrias Peñoles. de

Market Cap: Mex$307.8b

Engages in the exploration, extraction, and sale of mineral concentrates and minerals in Mexico, Europe, Canada, Asia, the United States, South America, and internationally.

Corporación Moctezuma. de

Market Cap: Mex$72.1b

Engages in the production, distribution, and sale of Portland cement, mortar, white cement, ready-mixed concrete, and aggregates in Mexico.

Orbia Advance Corporation. de

Market Cap: Mex$43.1b

Provides polymer solutions in the United States, Northwest Europe, Southwest Europe, Africa, the Middle East, Asia, Brazil, Mexico, Central and Eastern Europe, Colombia, Central America, Peru, Southeast Europe, Canada, Ecuador, Israel, Argentina, Chile, and internationally.

Cleveland-Cliffs

Market Cap: Mex$5.4b

Operates as a steel producer in the United States and Canada.

Torex Gold Resources

Market Cap: Mex$5.0b

A mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in Mexico and the United States.

Chemours

Market Cap: Mex$2.8b

Provides performance chemicals in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America.

ALPEK. de

Market Cap: Mex$26.4b

Operates as a petrochemical company in Mexico, the United States, Argentina, Brazil, Chile, Canada, the United Kingdom, Oman, and Saudi Arabia.

Fortescue

Market Cap: Mex$46.1b

Engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally.

Sika

Market Cap: Mex$22.2b

A specialty chemicals company, develops, produces, and sells systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and motor vehicle industry worldwide.

Gold Fields

Market Cap: Mex$479.3b

Operates as a gold producer with reserves and resources in South Africa, Ghana, Australia, Peru, Canada, and Chile.

Umicore

Market Cap: Mex$4.8b

Operates as a materials technology and recycling company in Belgium, Europe, the Asia-Pacific, North America, South America, and Africa.

Kinross Gold

Market Cap: Mex$39.0b

Engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania.

FMC

Market Cap: Mex$1.4b

An agricultural sciences company, develops, markets, and sells crop protection chemicals in Latin America, North America, Europe, the Middle East, Africa, and Asia.

Celanese

Market Cap: Mex$5.2b

Produces and sells engineered polymers worldwide.

Arkema

Market Cap: Mex$7.7b

Manufactures and sells specialty materials in Europe, the United States, Canada, Mexico, China, Hong Kong, Taiwan, and internationally.

USA Rare Earth

Market Cap: Mex$4.2b

Engages in mining, processing, and supplying rare earths and other critical minerals in the United States, Europe, and Asia.

Sibanye Stillwater

Market Cap: Mex$96.9b

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

Inmocemento

Market Cap: Mex$1.6b

Through its subsidiaries, engages in the real estate and cement businesses.

Suzano

Market Cap: Mex$65.7b

Manufactures and sells pulp and paper products in Brazil and internationally.

CF Industries Holdings

Market Cap: Mex$18.0b

Engages in the production of ammonia in North America, Europe, and internationally.

Crown Holdings

Market Cap: Mex$10.9b

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

Eagle Materials

Market Cap: Mex$6.3b

Through its subsidiaries, manufactures and sells heavy construction products and light building materials in the United States.

GCC. de

Market Cap: Mex$66.4b

Through its subsidiaries, produces, markets, and distributes cement, aggregates, ready-mix concrete, and other materials for the construction industry in Mexico and the United States.

B2Gold

Market Cap: Mex$7.3b

Operates as a gold producer company in Canada.

Tubacex

Market Cap: Mex$408.0m

Engages in the manufacturing and sale of stainless steel and nickel tubes in Spain and internationally.

Methanex

Market Cap: Mex$4.9b

Produces and supplies methanol in Asia Pacific, North America, Europe, and South America.

O-I Glass

Market Cap: Mex$1.5b

Through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers in the Americas, Europe, and internationally.

Fortuna Mining

Market Cap: Mex$3.5b

Engages in the precious and base metal mining and related activities in Argentina, Côte d’Ivoire, Mexico, Peru, and Senegal.

Steel Dynamics

Market Cap: Mex$32.0b

Operates as a steel producer and metal recycler in the United States.

Vitro. de

Market Cap: Mex$2.5b

Through its subsidiaries, produces, processes, distributes, and markets inorganic chemical products worldwide.

Sylvamo

Market Cap: Mex$1.6b

Produces and markets uncoated freesheet for cutsize, offset paper, and pulp in Europe, Latin America, and North America.

Eastman Chemical

Market Cap: Mex$7.3b

Operates as a specialty materials company in the United States, China, and internationally.

Dow

Market Cap: Mex$20.9b

Through its subsidiaries, provides various materials science solutions for packaging, infrastructure, mobility, and consumer applications in the United States, Canada, Europe, the Middle East, Africa, India, the Asia Pacific, and Latin America.

PPG Industries

Market Cap: Mex$25.8b

Manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa.

Avery Dennison

Market Cap: Mex$16.5b

Operates as a materials science and digital identification solutions company in the United States, Europe, the Middle East, North Africa, Asia, Latin America, and internationally.

Navigator Company

Market Cap: Mex$2.5b

Engages in the production of forestry, pulp, paper, tissue, and packaging solutions worldwide.