Global Materials Undervalued based on future growth

Centerra Gold

Market Cap: CA$2.0b

Engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Turkey, and internationally.

Egypt Aluminum

Market Cap: ج.م69.4b

Engages in the production and sale of aluminum products.

RHI Magnesita

Market Cap: UK£1.1b

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

TriMas

Market Cap: US$1.4b

Engages in the design, development, manufacture, and sale of products for consumer products, aerospace, and industrial markets worldwide.

Shenzhen Batian Ecotypic Engineering

Market Cap: CN¥10.0b

Shenzhen Batian Ecotypic Engineering Co., Ltd.

China XLX Fertiliser

Market Cap: HK$10.5b

An investment holding company, engages in the development, manufacture, and sale of urea primarily in Mainland China and internationally.

Sinofert Holdings

Market Cap: HK$10.3b

An investment holding company, engages in the production, import and export, distribution, and retail of fertilizer raw materials and crop nutrition products in Mainland China and internationally.

HBIS Resources

Market Cap: CN¥9.5b

Engages in the mining, processing, selling, and servicing of mineral products in Asia, Africa, Europe, and the Americas.

DeHua TB New Decoration MaterialLtd

Market Cap: CN¥8.4b

Produces and sells environmentally friendly furniture panels in China and internationally.

Zhejiang Runtu

Market Cap: CN¥8.4b

Produces and sells dyes in China.

Kaiser Aluminum

Market Cap: US$1.2b

Manufactures and sells semi-fabricated specialty aluminum mill products.

Bradespar

Market Cap: R$6.2b

Through its interest in VALE, operates as a mining company in the production of iron ore and pellets, and nickel in Brazil.

Stepan

Market Cap: US$1.1b

Produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products worldwide.

Archi Indonesia

Market Cap: Rp17.5t

Through its subsidiaries, engages in the mining, trading, and processing of gold properties in Indonesia.

Catalyst Metals

Market Cap: AU$1.6b

Explores and evaluates mineral properties in Australia.

Xinjiang Qingsong Building Materials and Chemicals(Group)CoLtd

Market Cap: CN¥7.4b

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

Nanjing COSMOS Chemical

Market Cap: CN¥7.3b

Engages in the research, development, production, and sale of daily chemical raw materials in China and internationally.

Alphamin Resources

Market Cap: CA$1.4b

Engages in the production and sale of tin concentrate.

Sappi

Market Cap: R17.5b

Engages in the provision of materials made from woodfiber-based renewable resources in Europe, North America, and South Africa.

Atalaya Mining Copper

Market Cap: UK£734.8m

Engages in the mineral exploration and development in Spain.

artience

Market Cap: JP¥145.9b

Engages in the colorants and functional materials, polymers and coatings, printing and information, and packaging materials businesses in Japan, China, Europe, Africa, Asia, the Americas, and internationally.

Silvercorp Metals

Market Cap: CA$1.3b

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

Southern Province Cement

Market Cap: ر.س3.6b

Engages in the manufacture, production and sale of cement, clinker, and its derivatives and accessories in Saudi Arabia.

Fatima Fertilizer

Market Cap: PK₨270.6b

Engages in buying, manufacturing, producing, importing, exporting, and selling of fertilizers and chemicals in Pakistan.

Xinxiang Chemical Fiber

Market Cap: CN¥6.6b

Produces and sells chemical fiber products in China.

Jiangsu Changhai Composite Materials

Market Cap: CN¥6.4b

Engages in the scientific research, development, production, and sale of glass fiber products and glass fiber composite materials.

Nippon Paper Industries

Market Cap: JP¥130.7b

Engages in production and sale of pulp and paper products in Japan, Oceania, Asia, North America, and internationally.

Shandong Bohui Paper IndustryLtd

Market Cap: CN¥6.3b

Researches, develops, produces, sells, imports, and exports paper products in China.

Dexco

Market Cap: R$4.6b

Engages in the production and sale of wooden panels in Brazil and internationally.

Zignago Vetro

Market Cap: €721.1m

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

SK ChemicalsLtd

Market Cap: ₩1.1t

Provides chemicals and life sciences products and solutions in South Korea, China, Japan, Asia, the United States, Europe, and internationally.

Ora Banda Mining

Market Cap: AU$1.3b

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

Wuzhou Special Paper Group

Market Cap: CN¥5.9b

Researches and develops, manufactures, and sells special paper in China.

Surya Roshni

Market Cap: ₹68.7b

Manufactures and markets steel pipes and tubes, lighting products, fans, home appliances, and PVC pipes in India.

Kolon Industries

Market Cap: ₩1.1t

Engages in industrial materials, chemicals, films/electronic materials, and fashion businesses in South Korea and internationally.

MOIL

Market Cap: ₹66.1b

Engages in the exploration, development, and marketing of various grades of manganese ores in India.