Global Materials Undervalued Stocks Based On Cash Flows

Bellevue Gold

Market Cap: AU$2.1b

Engages in the exploration, development, mining, and processing of gold properties in Australia.

Tianqi Lithium

Market Cap: CN¥85.5b

Invests, produces, process, extracts, and sells lithium, lithium concentrate, and the lithium specialty compounds in Australia, Chile, and China.

Tokai Carbon

Market Cap: JP¥209.2b

Manufactures and sells carbon-related products and services in Japan.

Ramelius Resources

Market Cap: AU$7.3b

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

Neo Performance Materials

Market Cap: CA$684.3m

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.

Cydsa. de

Market Cap: Mex$9.2b

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.

First Majestic Silver

Market Cap: CA$10.6b

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

Forterra

Market Cap: UK£378.5m

Engages in the manufacturing and sale of building products made from clay and concrete in the United Kingdom.

Warrior Met Coal

Market Cap: US$4.2b

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

Metsä Board Oyj

Market Cap: €1.1b

Engages in the folding boxboard, fresh fibre linerboard, and market pulp businesses in Finland and internationally.

Bansal Wire Industries

Market Cap: ₹49.3b

Manufactures and sells steel wires worldwide.

Lynas Rare Earths

Market Cap: AU$12.7b

Engages in the exploration, development, mining, extraction, and processing of rare earth minerals in Australia and Malaysia.

Essentra

Market Cap: UK£278.9m

Engages in the manufacturing and distribution of plastic injection moulded, vinyl dip moulded, and metal items in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Rajratan Global Wire

Market Cap: ₹22.4b

Engages in manufacturing and sale of tyre bead wires in India and Thailand.

Coeur Mining

Market Cap: US$10.3b

Operates as a gold and silver producer in the United States, Canada, and Mexico.

AngloGold Ashanti

Market Cap: US$41.6b

Operates as a gold mining company in Africa, Australia, and the Americas.

Wanguo Gold Group

Market Cap: HK$32.7b

An investment holding company, engages in mining, ore processing, and sale of concentrate products in the People’s Republic of China and Solomon Islands.

Accsys Technologies

Market Cap: UK£151.7m

Engages in the production and sale of solid wood and wood elements in the United Kingdom, Ireland, rest of Europe, the Americas, and internationally.

5N Plus

Market Cap: CA$1.7b

Produces and sells specialty semiconductors and performance materials in the Americas, Europe, Asia, and internationally.

Shengda ResourcesLtd

Market Cap: CN¥20.6b

Through its subsidiaries, engages in the mining development, resource trading, and investment management businesses in China.

NanoXplore

Market Cap: CA$411.8m

A graphene company, manufactures and supplies graphene powder for use in transportation and industrial markets in Australia.

Saudi Paper Manufacturing

Market Cap: ر.س2.0b

Manufactures and sells paper pulp and tissue paper products in the Kingdom of Saudi Arabia, Gulf Cooperation Council countries, and internationally.

SigmaRoc

Market Cap: UK£1.4b

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

Zignago Vetro

Market Cap: €648.7m

Produces, markets, and sells hollow glass containers in Italy, rest of Europe, and internationally.

AlzChem Group

Market Cap: €1.4b

Develops, produces, and markets a range of chemical specialties in Germany, European Union, rest of Europe, Asia, NAFTA region, and internationally.

Lithium Royalty

Market Cap: CA$395.5m

Operates as a lithium-focused royalty company in Canada, the United States, Australia, Argentina, Brazil, and South America.

Endeavour Mining

Market Cap: CA$15.6b

Operates as a multi-asset gold producer in West Africa.

Merdeka Gold Resources

Market Cap: Rp66.3t

Operates as a holding company that focuses on gold mining and its associated minerals, processing, and other related business activities.

Pan American Silver

Market Cap: CA$28.3b

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

Sunjin Beauty ScienceLtd

Market Cap: ₩111.6b

SUNJIN BEAUTY SCIENCE Co. ,Ltd. researches, develops, manufactures, and exports cosmetics, surfactant, and polymer bead products.

Tongguan Gold Group

Market Cap: HK$14.7b

An investment holding company, engages in the exploration, mining, processing, smelting, and sale of gold and related products in China.

Vedanta

Market Cap: ₹2.1t

A diversified natural resources company, explores, extracts, and processes minerals, and oil and gas in India, Europe, China, the United States, Mexico, and internationally.

Advanced Nano Products

Market Cap: ₩712.9b

Manufactures and sells high-tech materials, such as displays, semiconductors, secondary batteries, and solar cells in South Korea and internationally.

Delignit

Market Cap: €22.3m

Engages in the development, production, and sale of ecological materials and system solutions in Germany.

Nickel Industries

Market Cap: AU$3.3b

Engages in nickel ore mining, nickel pig iron, cobalt, and nickel matte production activities.

Xinjiang Qingsong Building Materials and Chemicals(Group)CoLtd

Market Cap: CN¥6.8b

Xinjiang Qingsong Building Materials and Chemicals(Group)Co,Ltd.