Global Materials Undervalued based on future growth

OceanaGold

Market Cap: CA$4.8b

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

Solvay

Market Cap: €3.0b

Provides basic and performance chemicals worldwide.

Inner Mongolia ERDOS ResourcesLtd

Market Cap: CN¥24.9b

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

Yunnan CopperLtd

Market Cap: CN¥23.9b

Engages in the copper exploration, mining, and smelting activities in China.

Clariant

Market Cap: CHF 2.7b

Develops, manufactures, distributes, and sells specialty chemicals in Switzerland, Europe, the Middle East, Africa, the United States, and the Asia Pacific.

Greif

Market Cap: US$3.0b

Engages in the production and sale of industrial packaging products and services worldwide.

Acerinox

Market Cap: €2.7b

Manufactures, process, and markets stainless steel products in Spain, the United States, Africa, Asia, Rest of Europe, and internationally.

Sinomine Resource Group

Market Cap: CN¥21.4b

Operates as a geological exploration technology services company.

Torex Gold Resources

Market Cap: CA$4.0b

Operates as an intermediate gold producer.

Equinox Gold

Market Cap: CA$3.9b

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

Trimegah Bangun Persada

Market Cap: Rp44.5t

PT Trimegah Bangun Persada TBK engages in the nickel ore mining and processing business in China, Switzerland, Sweden, and Indonesia.

Zhe Jiang Hai Liang

Market Cap: CN¥19.2b

Engages in the production, sale, and service of copper products, materials of conductors, and aluminum-based materials.

SSR Mining

Market Cap: CA$3.6b

Engages in the acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina.

Inner Mongolia Berun Chemical

Market Cap: CN¥18.0b

Engages in the soda ash, methanol, fertilizer and agricultural production materials, and other businesses in China.

Ta Chen Stainless Pipe

Market Cap: NT$73.8b

Manufactures, processes, and sells stainless steel pipes, plates, and fittings, and venetian blinds in Taiwan, the United States, China, and internationally.

Warrior Met Coal

Market Cap: US$2.5b

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

Henan Zhongfu IndustrialLtd

Market Cap: CN¥17.1b

Processes, manufactures, and sells electrolytic aluminum and aluminum products in China.

Fufeng Group

Market Cap: HK$17.9b

An investment holding company, engages in the manufacture and sale of fermentation-based food additives, and biochemical and starch-based products in the People’s Republic of China and internationally.

Olin

Market Cap: US$2.3b

Manufactures and distributes chemical products in the United States, Europe, Asia Pacific, Latin America, and Canada.

Aperam

Market Cap: €2.0b

Produces and sells stainless steel and alloy products worldwide.

Vale Indonesia

Market Cap: Rp36.5t

Engages in the mining and processing of nickel in Indonesia.

Yongxing Special Materials TechnologyLtd

Market Cap: CN¥15.9b

Engages in the development, production, and sale of stainless steel rods and wires, special alloy materials, and lithium battery materials in China and internationally.

Shanghai Huafon Aluminium

Market Cap: CN¥15.9b

Engages in the research and development, production, and sales of aluminum sheets, strips, and foils.

Dongyue Group

Market Cap: HK$17.3b

An investment holding company, manufactures, distributes, and sells polymers, organic silicone, refrigerants, dichloromethane, polyvinyl chloride (PVC), liquid alkali, and other products in the People's Republic of China and internationally.

Xinfengming Group

Market Cap: CN¥15.8b

Researches, develops, produces, and sells polyester filaments.

Group of Companies Segezha

Market Cap: ₽127.9b

Group of Companies Segezha Public Joint Stock Company operates in the forestry industry in Russia and internationally.

Kumho Petro ChemicalLtd

Market Cap: ₩2.8t

Manufactures and sells synthetic rubber and resins, specialty chemicals, nanocarbon, energy, and building materials in South Korea and internationally.

Indah Kiat Pulp & Paper

Market Cap: Rp33.0t

Engages in the manufacture of cultural paper, pulp, tissue, and industrial paper in Indonesia, Asia, the United States, Australia, the Middle East, Africa, and Europe.

Emerald Resources

Market Cap: AU$3.1b

Engages in the exploration and development of mineral reserves in Cambodia and Australia.

XianheLtd

Market Cap: CN¥14.3b

Develops and produces specialty papers, pulps, paper products, and related chemical additives in China and internationally.

Century Iron and Steel IndustrialLtd

Market Cap: NT$57.4b

Century Iron and Steel Industrial Co.,Ltd.

Shandong Humon Smelting

Market Cap: CN¥13.9b

Engages in the development of gold mineral resources; precious metal smelting; research and development, and production of high-tech materials; and international trade business in China and internationally.

Constellium

Market Cap: US$1.9b

Engages in the design, manufacture, and sale of rolled and extruded aluminum products for the aerospace, packaging, automotive, commercial transportation, general industrial, and defense end-markets.

Ningbo Boway Alloy Material

Market Cap: CN¥13.9b

Researches, develops, manufactures, and sells non-ferrous alloy materials in Asia, Europe, North America, and internationally.

Nine Dragons Paper (Holdings)

Market Cap: HK$14.7b

Manufactures and sells packaging paper, printing and writing paper, and specialty paper products and pulp in the People’s Republic of China.

Guizhou Chanhen Chemical

Market Cap: CN¥13.1b

Engages in the mining and beneficiation of phosphate and processing of phosphorus in China.