Mexican Materials Potentially Undervalued Companies

Corporación Moctezuma. de

Market Cap: Mex$70.7b

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$42.0b

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$6.4b

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

B2Gold

Market Cap: Mex$10.1b

Operates as a gold producer company in Canada.

Fortescue

Market Cap: Mex$46.1b

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

Umicore

Market Cap: Mex$5.5b

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

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$5.1b

Produces and sells engineered polymers worldwide.

Sibanye Stillwater

Market Cap: Mex$142.0b

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.

Alamos Gold

Market Cap: Mex$21.8b

Operates as a gold producer in Canada and Mexico.

Mosaic

Market Cap: Mex$7.8b

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

Crown Holdings

Market Cap: Mex$10.9b

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

Tubacex

Market Cap: Mex$407.4m

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

Pan American Silver

Market Cap: Mex$30.5b

Engages in the exploration, mine development, extraction, processing, refining, and reclamation of mines in Chile, Peru, Brazil, Mexico, Canada, Argentina, Bolivia, and Guatemala.

Cydsa. de

Market Cap: Mex$12.8b

Together its subsidiaries, produces and markets salt, chlorine, caustic soda, and refrigerant gases, electricity and steam cogeneration, and underground storage of hydrocarbons in Mexico, the United States, Canada, Central and South America, Asia, and Europe.

GCC. de

Market Cap: Mex$66.1b

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.

Methanex

Market Cap: Mex$4.9b

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

Fortuna Mining

Market Cap: Mex$4.9b

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

Vitro. de

Market Cap: Mex$2.1b

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

DRDGOLD

Market Cap: Mex$2.7b

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

O-I Glass

Market Cap: Mex$1.1b

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

AdvanSix

Market Cap: Mex$463.9m

AdvanSix Inc., integrated chemistry company, engages in the manufacture and sale of polymer resins in the United States and internationally.

Alcoa

Market Cap: Mex$13.7b

Engages in the bauxite mining, alumina refining, aluminum production, and energy generation business in Australia, Brazil, Canada, Iceland, Norway, Spain, the United States, and internationally.

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$8.5b

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

PPG Industries

Market Cap: Mex$25.3b

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

Industrias Peñoles. de

Market Cap: Mex$371.7b

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

Chemours

Market Cap: Mex$2.4b

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

Navigator Company

Market Cap: Mex$2.5b

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

Mondi

Market Cap: Mex$4.0b

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

International Paper

Market Cap: Mex$21.6b

Produces and sells renewable fiber-based packaging in North America, Latin America, Europe, South America, and North Africa.

Ero Copper

Market Cap: Mex$5.7b

Engages in the exploration, development, and production of mining projects in Brazil.

Verallia Société Anonyme

Market Cap: Mex$3.3b

Manufactures and sells glass packaging products for beverages and food products worldwide.

Boliden

Market Cap: Mex$150.4b

Engages in the extracting, producing, and recycling of base metals in Sweden, Finland, other Nordic region, Germany, the United Kingdom, Europe, North America, and internationally.