Global Materials Undervalued based on future growth

HBIS Resources

Market Cap: CN¥8.4b

Engages in the mining, processing, selling, and servicing of mineral products.

Zhejiang Jiahua Energy Chemical IndustryLtd

Market Cap: CN¥8.4b

Zhejiang Jiahua Energy Chemical Industry Co.,Ltd.

Kolon Industries

Market Cap: ₩1.8t

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

Orezone Gold

Market Cap: CA$1.7b

Engages in the mining, exploration, and development of gold properties.

Poongsan

Market Cap: ₩1.8t

Manufactures and sells copper and copper-related products in South Korea and internationally.

Apex Mining

Market Cap: ₱73.2b

Engages in the mining, milling, concentrating, converting, smelting, treating, preparing for market, manufacturing, buying, selling, and exchanging of metals and minerals in the Philippines.

Sinofert Holdings

Market Cap: HK$9.3b

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.

Elkem

Market Cap: NOK 11.6b

Engages in the provision of advanced material solutions worldwide.

McEwen

Market Cap: US$1.1b

Engages in the exploration, development, production, and sale of gold and silver deposits in the United States, Canada, Mexico, and Argentina.

Catalyst Metals

Market Cap: AU$1.6b

Engages in the mineral exploration and evaluation in Australia.

GoGold Resources

Market Cap: CA$1.5b

Engages in the exploration, development, and production of silver, gold, and copper primarily in Mexico It owns the Los Ricos property, which includes Los Ricos South and Los Ricos North projects, that covers 45 concessions with an area of approximately 24,000 hectares situated in the Jalisco State, Mexico; and the Parral Tailings project located in the city of Parral.

West China Cement

Market Cap: HK$8.4b

An investment holding company, manufactures and sells cement and cement products in the People’s Republic of China, Mozambique, Ethiopia, Democratic Republic of Congo, Other African countries, and internationally.

Çimsa Çimento Sanayi ve Ticaret

Market Cap: ₺46.0b

Engages in the production and sale of cement and building materials in Turkey and internationally.

TR Anadolu Metal Madencilik Isletmeleri

Market Cap: ₺45.6b

Engages in the mining activities in Turkey.

Kingsgate Consolidated

Market Cap: AU$1.4b

Engages in the exploration, development, and mining of mineral properties.

Pabrik Kertas Tjiwi Kimia

Market Cap: Rp17.1t

Manufactures and sells writing and printing paper products in Asia, Africa, Europe, the Middle East, the United States, and internationally.

Engro Fertilizers

Market Cap: PK₨263.5b

Engages in the manufacturing and selling a range of fertilizer products in Pakistan.

UNACEM CorpA

Market Cap: S/3.2b

Produces, markets, and sells various types of cement, clinker, and concrete products in Peru, the United States, Ecuador, Colombia, and Chile.

Century Iron and Steel IndustrialLtd

Market Cap: NT$29.6b

Century Iron and Steel Industrial Co.,Ltd.

Koppers Holdings

Market Cap: US$888.7m

Provides treated wood products, wood preservation chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally.

Hankuk Carbon

Market Cap: ₩1.3t

Produces and sells carbon fiber, synthetic resin, and glass paper related products in South Korea.

Jiangsu Changbao SteeltubeLtd

Market Cap: CN¥5.7b

Manufactures and sells steel tubes in the People’s Republic of China and internationally.

Kirloskar Ferrous Industries

Market Cap: ₹76.6b

Manufactures and sells iron castings, seamless tubes, and engineering steels in India and internationally.

Indian Metals and Ferro Alloys

Market Cap: ₹74.1b

Engages in the production and sale of ferro chrome in India and internationally.

SeAH Besteel Holdings

Market Cap: ₩1.2t

Manufactures and sells special steel products in South Korea, the rest of Asia, South America, North America, Oceania, Europe, and internationally.

LOTTE Fine Chemical

Market Cap: ₩1.1t

Manufactures and sells chemical products in South Korea, the rest of Asia, North America, Europe, and internationally.

Zanyu Technology Group

Market Cap: CN¥4.9b

Engages in the research and development, manufacture, and sale of surfactants and oleo chemicals and personal care products in China and internationally.

Mako Mining

Market Cap: CA$980.7m

Engages in mineral exploration and exploitation activities in Nicaragua, the United States, and Guyana.

Duc Giang Chemicals Group

Market Cap: ₫18.1t

Manufactures industrial products in Vietnam.

Andean Precious Metals

Market Cap: CA$962.4m

Engages in the acquisition, exploration, development, and processing of mineral resource properties in the United States.

JK Paper

Market Cap: ₹63.2b

Engages in the production and sale of paper products in India.

Pantoro Gold

Market Cap: AU$932.0m

Engages in the gold mining, processing, and exploration activities in Western Australia.

Anhui Huaheng Biotechnology

Market Cap: CN¥4.2b

Engages in the research and development, production, and sale of bio-based products through bio-manufacturing in China and internationally.

MOIL

Market Cap: ₹57.4b

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

Gloria Material Technology

Market Cap: NT$19.0b

Engages in smelting, manufacturing, processing and sales of steel in Taiwan, the United States, China, and internationally.

AdvanSix

Market Cap: US$547.0m

AdvanSix Inc., integrated chemistry company, engages in the manufacture and sale of polymer resins in the United States and internationally.