Global Materials Undervalued based on future growth

Nucor

Market Cap: US$28.2b

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$19.2b

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¥122.3b

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

Anhui Conch Cement

Market Cap: HK$121.6b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

Hengli PetrochemicalLtd

Market Cap: CN¥103.7b

Engages in petrochemical industry in China and internationally.

POSCO Holdings

Market Cap: ₩19.6t

Operates as an integrated steel producer in Korea and internationally.

Jindal Steel & Power

Market Cap: ₹911.9b

Operates in the steel, mining, and infrastructure sectors in India and internationally.

Westlake

Market Cap: US$9.4b

Manufactures and markets performance and essential materials, and housing and infrastructure products in the United States, Canada, Germany, China, Mexico, Brazil, France, Italy, and internationally.

Sociedad Química y Minera de Chile

Market Cap: US$9.2b

Operates as a mining company worldwide.

Harmony Gold Mining

Market Cap: R160.4b

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

Zangge Mining

Market Cap: CN¥64.0b

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

Satellite ChemicalLtd

Market Cap: CN¥55.0b

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¥54.3b

Manufactures and sells aluminum in China.

Hoa Phat Group

Market Cap: ₫173.7t

Produces and sells steel products in Vietnam.

KGHM Polska Miedz

Market Cap: zł24.5b

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

Western MiningLtd

Market Cap: CN¥39.7b

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

Tianshan Aluminum GroupLtd

Market Cap: CN¥38.7b

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

LB Group

Market Cap: CN¥38.1b

Manufactures and sells titanium dioxide pigments in China and internationally.

Henan Shenhuo Coal Industry and Electricity Power

Market Cap: CN¥37.6b

Henan Shenhuo Coal Industry and Electricity Power Co.

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.

Eregli Demir ve Çelik Fabrikalari T.A.S

Market Cap: ₺185.4b

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.

Huafon ChemicalLtd

Market Cap: CN¥33.1b

Engages in the research and development, production, and sale of polyurethane product materials in China 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$5.9b

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¥28.4b

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.

Sumitomo Chemical Company

Market Cap: JP¥568.3b

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

Resonac Holdings

Market Cap: JP¥566.4b

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

Wienerberger

Market Cap: €3.4b

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$3.6t

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

JCHX Mining ManagementLtd

Market Cap: CN¥26.8b

Engages in mine engineering, development, and construction activities in the People’s Republic of China and internationally.

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¥25.6b

Manufactures and sells polyester filament yarns in China.

Wacker Chemie

Market Cap: €3.0b

Provides chemical products worldwide.