Global Materials Undervalued based on future growth

Nucor

Market Cap: US$28.1b

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

Steel Dynamics

Market Cap: US$19.8b

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

LyondellBasell Industries

Market Cap: US$19.3b

Operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally.

Ningxia Baofeng Energy Group

Market Cap: CN¥121.1b

Produces, processes, and sells coal mining, washing, coking, coal tar, crude benzene, C4 deep-processed, methanol, and olefin products.

Hengli PetrochemicalLtd

Market Cap: CN¥105.6b

Engages in petrochemical industry in China and internationally.

POSCO Holdings

Market Cap: ₩19.6t

Operates as an integrated steel producer in Korea and internationally.

Sociedad Química y Minera de Chile

Market Cap: US$9.4b

Operates as a mining company worldwide.

Harmony Gold Mining

Market Cap: R165.9b

Engages in the exploration, extraction, and processing of mineral properties in South Africa, Papua New Guinea, and Australasia.

Zangge Mining

Market Cap: CN¥63.9b

Engages in the production and sale of potassium chloride under the Blue Sky brand name in China.

Satellite ChemicalLtd

Market Cap: CN¥55.2b

A low-carbon chemical company, manufactures and sells functional chemicals, new polymer materials, and new energy materials in China and internationally.

Yunnan Aluminium

Market Cap: CN¥53.9b

Manufactures and sells aluminum in China.

KGHM Polska Miedz

Market Cap: zł25.0b

Engages in the production and sale of copper, precious metals, and non-ferrous metals in Poland and internationally.

Hoa Phat Group

Market Cap: ₫171.1t

Produces and sells steel products in Vietnam.

Western MiningLtd

Market Cap: CN¥39.7b

Engages in the mining, smelting, and trading of metals in Mainland China and internationally.

LB Group

Market Cap: CN¥38.5b

Manufactures and sells titanium dioxide pigments in China and internationally.

Henan Shenhuo Coal Industry and Electricity Power

Market Cap: CN¥38.3b

Henan Shenhuo Coal Industry and Electricity Power Co.

Tianshan Aluminum GroupLtd

Market Cap: CN¥38.1b

Produces and sells primary aluminum, alumina, prebaked anodes, high-purity aluminum, and aluminum deep-processed products and materials in China and internationally.

Arkema

Market Cap: €4.5b

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

Dangote Cement

Market Cap: ₦7.4t

Engages in the preparation, manufacturing, distribution, and sale of cement and related products in Nigeria.

Huafon ChemicalLtd

Market Cap: CN¥33.2b

Engages in the research and development, production, and sale of polyurethane product materials in China and internationally.

Eregli Demir ve Çelik Fabrikalari T.A.S

Market Cap: ₺181.3b

Produces and sells iron and steel rolled products, alloyed and non-alloyed iron, steel and pig iron castings, cast and pressed products, coke, and by-products in Turkey and internationally.

Voestalpine

Market Cap: €3.9b

Processes, develops, manufactures, and sells steel products in Austria, the European Union, and internationally.

Eldorado Gold

Market Cap: CA$6.0b

Engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, and Greece.

Asia-potash International Investment (Guangzhou)Co.Ltd

Market Cap: CN¥28.7b

Asia-Potash International Investment (Guangzhou)Co.,Ltd., together with its subsidiaries, engages in the research, development, processing, production, and sale of potash fertilizers in China and internationally.

Wienerberger

Market Cap: €3.5b

Produces and sells clay blocks, facing bricks, roof tiles, and pavers in Europe West, Europe East, and North America.

New Gold

Market Cap: CA$5.3b

An intermediate gold mining company, engages in the development and operation of mineral properties in Canada.

Empresas CMPC

Market Cap: CL$3.7t

Engages in the production and sale of pulp and wood products in Chile and internationally.

Resonac Holdings

Market Cap: JP¥558.8b

Operates as a chemical company in Japan, China, rest of Asia, and internationally.

Sumitomo Chemical Company

Market Cap: JP¥555.0b

Engages in Chemicals & Plastics, energy and functional materials, IT-related chemicals, health and crop sciences, pharmaceuticals, and other businesses worldwide.

Solvay

Market Cap: €3.1b

Provides basic and performance chemicals worldwide.

Wacker Chemie

Market Cap: €3.1b

Provides chemical products worldwide.

OceanaGold

Market Cap: CA$4.9b

A gold and copper producer, engages in exploration, development, and operation of mineral properties in the United States, the Philippines, and New Zealand.

China Gold International Resources

Market Cap: CA$4.9b

A gold and base metal mining company, acquires, explores, develops, and mines mineral resources in the People’s Republic of China and Canada.

Tongkun Group

Market Cap: CN¥25.1b

Manufactures and sells polyester filament yarns in China.

China National Building Material

Market Cap: HK$27.2b

An investment holding company, engages in building material, new materials, and engineering technical services businesses.

Inner Mongolia ERDOS ResourcesLtd

Market Cap: CN¥24.8b

Engages in clothing, and power metallurgy and chemical businesses in China.