Global Materials Undervalued based on future growth

Sylvania Platinum

Market Cap: UK£223.1m

Operates as a producer of platinum group metals including platinum, palladium, and rhodium, and chrome in South Africa.

AltynGold

Market Cap: UK£222.5m

Engages in the exploration and development of gold producing mine in the Republic of Kazakhstan.

Aeris Resources

Market Cap: AU$425.0m

Explores, produces, and sells precious metals in Australia.

WONIK MaterialsLtd

Market Cap: ₩437.5b

Manufactures and sells specialty gases in South Korea, China, and internationally.

Serabi Gold

Market Cap: UK£212.1m

Engages in the evaluation, exploration, and development of gold and other metals mining projects in Brazil.

UNID

Market Cap: ₩415.6b

Manufactures and sells potassium based chemical products in South Korea and internationally.

Al Jazeera Steel Products Company SAOG

Market Cap: ر.ع106.2m

Manufactures and sells steel products in the Sultanate of Oman, the United Arab Emirates, Saudi Arabia, and internationally.

Cahya Mata Sarawak Berhad

Market Cap: RM 1.1b

An investment holding company, engages in the manufacture and trading of cement and construction materials in Malaysia and internationally.

29Metals

Market Cap: AU$385.0m

Operates as a copper-focused base and precious metals mining company in Australia and Chile.

Kalekim Kimyevi Maddeler Sanayi Ve Ticaret Anonim Sirketi

Market Cap: ₺12.3b

Operates in the construction chemicals sector in Turkey and internationally.

Afrimat

Market Cap: R4.2b

Operates as a mining and materials company primarily in the southern African region.

Jaya Tiasa Holdings Berhad

Market Cap: RM 1.0b

An investment holding company, engages in the extraction and sale of logs in Malaysia.

Yunnan Jinxun Resources

Market Cap: HK$1.8b

Engages in the smelting, beneficiation, deep processing, and recycling of non-ferrous metal new energy material in China and internationally.

Richards Group

Market Cap: CA$322.4m

Designs, manufactures, and distributes packaging containers and healthcare supplies and products in North America.

Pioneer Cement

Market Cap: PK₨63.6b

Manufactures, markets, and sells cement and clinker products in Pakistan.

Nilkamal

Market Cap: ₹22.0b

Manufactures and sells plastic products in India and internationally.

Ancom Nylex Berhad

Market Cap: RM 915.8m

An investment holding company, manufactures and trades agricultural, petrochemical, and industrial chemicals in Malaysia and internationally.

Asia CementLtd

Market Cap: ₩326.3b

Engages in the manufacture and sale of cement and ready-mixed concrete in South Korea.

Cherat Cement

Market Cap: PK₨60.1b

Manufactures, markets, and sells ordinary Portland cement in Pakistan and Afghanistan.

Core Molding Technologies

Market Cap: US$213.4m

Operates as a molder of thermoplastic and thermoset structural products in the United States, Mexico, Canada, and internationally.

Central Omega Resources

Market Cap: Rp3.7t

Engages in the mineral mining business in Indonesia.

West Red Lake Gold Mines

Market Cap: CA$276.7m

A mineral exploration company, acquires, explores, evaluates, and develops gold properties in Canada.

Meeka Metals

Market Cap: AU$268.6m

Engages in the exploration and development of gold properties in Western Australia.

Tabuk Cement

Market Cap: ر.س696.6m

Manufactures and sells cement in Saudi Arabia.

Nippon Carbide Industries

Market Cap: JP¥30.1b

Engages in the electronic and functional products, and films and sheetings business in Japan, Asia, and internationally.

Dynacor Group

Market Cap: CA$257.1m

Engages in the exploration, development, and mining of minerals properties in Peru.

VICEM Ha Tien Cement

Market Cap: ₫4.8t

Engages in production and trading of cement, building materials, clinker, construction materials, and supplies in Vietnam.

Hi-Tech Pipes

Market Cap: ₹17.5b

Manufactures and sells steel in India.

Sierra Madre Gold and Silver

Market Cap: CA$251.8m

Operates as a precious metal development, extraction, and exploration company in Mexico.

Dongkuk HoldingsLtd

Market Cap: ₩264.1b

Engages in the manufacture and sale of steel products in South Korea and internationally.

Dexxos Participações

Market Cap: R$861.7m

Engages in the production and sale of thermosetting resins to the reconstituted wood panels industry in Brazil.

Mpact

Market Cap: R2.7b

Engages in the paper and plastic packaging, and recycling business in South Africa and internationally.

Foraco International

Market Cap: CA$230.2m

Provides drilling services in North America, South America, the Asia Pacific, the Middle East, Africa, and Europe.

GE-Shen Corporation Berhad

Market Cap: RM 594.8m

An investment holding company, manufactures and trades in plastic moulded products, components, tools and die, fabricated metal products, and other related products in Malaysia, Singapore, and Vietnam.

Fenix Resources

Market Cap: AU$206.5m

Provides mining, logistics, and port services in Western Australia.

Daehan Steel

Market Cap: ₩208.2b

Engages in the manufacture and sale of steel products in South Korea and internationally.