Global Materials Undervalued Stocks Based On Cash Flows

Silvercorp Metals

Market Cap: CA$3.4b

Acquires, explores, develops, and mines mineral properties in China.

Ferroglobe

Market Cap: US$789.4m

Produces and sells silicon metal, and silicon and manganese-based alloys.

RHI Magnesita

Market Cap: UK£1.3b

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

Camlin Fine Sciences

Market Cap: ₹20.1b

Research, develops, manufactures, and markets specialty chemicals, ingredients, and additive blend products in India and internationally.

SP Group

Market Cap: DKK 4.5b

Manufactures and sells moulded plastic and composite components in Denmark, rest of Europe, the Americas, Asia, the Middle East, Australia, and Africa.

Pan African Resources

Market Cap: UK£3.2b

Engages in the mining, extraction, production, and sale of gold in South Africa.

Asia-potash International Investment (Guangzhou)Co.Ltd

Market Cap: CN¥55.4b

Engages in the processing, production, sale, and marketing of potash fertilizers in China and internationally.

MP Materials

Market Cap: US$9.6b

Produces rare earth materials in the Western Hemisphere.

G Mining Ventures

Market Cap: CA$12.0b

A mining company, engages in the acquisition, exploration, evaluation, development, and operation of mineral properties.

Almonty Industries

Market Cap: CA$6.9b

Engages in mining, processing, and shipping of tungsten concentrates.

Americas Gold and Silver

Market Cap: CA$2.6b

Engages in the exploration, development, and production of mineral properties in the Americas.

Accsys Technologies

Market Cap: UK£149.9m

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

Holcim

Market Cap: CHF 40.1b

Provides building materials and solutions in Europe, Latin America, and Asia, Middle East, and Africa.

Hemlo Mining

Market Cap: CA$1.9b

Operates as a gold production company.

AECI

Market Cap: R11.7b

Provides products and services for mining, water treatment, plant and animal health, food and beverage, manufacturing, and general industrial sectors.

Jinhong GasLtd

Market Cap: CN¥13.2b

Produces and sells bulk, special, and natural gas products in China.

TIMAH

Market Cap: Rp27.9t

Engages in tin mining and smelting operations in Indonesia and internationally.

Solvay

Market Cap: €3.0b

Provides basic and performance chemicals worldwide.

Saudi Paper Manufacturing

Market Cap: ر.س2.1b

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

Canfor

Market Cap: CA$1.6b

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

Zhaojin Mining Industry

Market Cap: HK$119.5b

An investment holding company, engages in exploration, mining, processing, smelting, and sale of gold and other metallic products in the People’s Republic of China and internationally.

Sibanye Stillwater

Market Cap: R150.5b

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

Sinomine Resource Group

Market Cap: CN¥56.1b

Engages in the development and utilization of lithium battery new energy raw materials, rare light metals, and solid minerals in China and internationally.

Vittia

Market Cap: R$611.9m

Vittia S.A. manufacturing and sale of compost, fertilizers, biological pesticides, and other chemical products in Brazil and internationally.

ACG Metals

Market Cap: UK£376.0m

Produces gold and silver in Turkey.

Mishra Dhatu Nigam

Market Cap: ₹61.9b

Manufactures and sells super alloys, titanium, special purpose steel, and other special metals in India and internationally.

Titomic

Market Cap: AU$417.6m

Offers manufacturing and technology solutions for high-performance metal additive manufacturing in Australia, the United States, and Europe.

Solstice Advanced Materials

Market Cap: US$13.1b

Operates as a specialty chemicals and advanced materials company in the United States and internationally.

Warrior Met Coal

Market Cap: US$4.5b

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

OceanaGold

Market Cap: CA$10.5b

Engages in the exploration, development, and operation of gold and gold/copper mines in the United States, the Philippines, and New Zealand.

Hochschild Mining

Market Cap: UK£3.4b

A precious metals company, engages in the exploration, mining, processing, and sale of gold and silver deposits in Peru, Argentina, the United Kingdom, Canada, Brazil, and Chile.

Montage Gold

Market Cap: CA$5.9b

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

Zignago Vetro

Market Cap: €637.3m

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

Ganfeng Lithium Group

Market Cap: CN¥167.7b

Manufactures and sells lithium products in China.

Endeavour Mining

Market Cap: CA$21.1b

Operates as a gold mining company in West Africa.

Elkem

Market Cap: NOK 18.5b

Engages in the provision of advanced material solutions worldwide.