Global Materials Undervalued Solid Performers

Barrick Mining

Market Cap: CA$98.3b

Engages in the exploration, development, production, and sale of mineral properties.

Northern Star Resources

Market Cap: AU$31.3b

Engages in the exploration, development, mining, and processing of gold deposits.

Alcoa

Market Cap: US$19.0b

Engages in the bauxite mining, alumina refining, aluminum production, and energy generation business in Australia, Brazil, Canada, Iceland, Norway, Spain, the United States, and internationally.

Yunnan Aluminium

Market Cap: CN¥113.3b

Produces and sells aluminum primarily in China.

Zhejiang NHU

Market Cap: CN¥105.8b

Engages in the production and sale of nutrition, flavor and fragrance, and new polymer materials in the People’s Republic of China.

Satellite ChemicalLtd

Market Cap: CN¥91.0b

A low-carbon chemical company, research, development, production, sale, and service of new electronic chemicals and functional materials in China and internationally.

Nitto Denko

Market Cap: JP¥2.0t

Primarily engages in the adhesive tapes business in Japan, the Americas, Europe, Asia, and Oceania.

Shanjin International Gold

Market Cap: CN¥82.6b

Explores for, mines, and trades in precious and non-ferrous metal ores in China.

Henan Shenhuo Coal Industry and Electricity Power

Market Cap: CN¥70.5b

Henan Shenhuo Coal Industry and Electricity Power Co.

Shandong Nanshan AluminiumLtd

Market Cap: CN¥70.2b

Engages in the aluminum processing business worldwide.

Asia-potash International Investment (Guangzhou)Co.Ltd

Market Cap: CN¥56.3b

Engages in the processing, production, sale, and marketing of potash fertilizers in China and internationally.

China Nonferrous Mining

Market Cap: HK$46.3b

An investment holding company, engages in the exploration, mining, ore processing, leaching, smelting, and sale of copper and cobalt in Zambia and the Democratic Republic of Congo.

Magnitogorsk Iron & Steel Works

Market Cap: ₽352.0b

Public Joint Stock Company Magnitogorsk Iron & Steel Works, together with its subsidiaries, produces and sells ferrous metal products in Russia and the CIS countries, the Middle East, South Africa, Asia, Europe, North America, and Africa.

Yunnan Chihong Zinc & Germanium

Market Cap: CN¥39.5b

Yunnan Chihong Zinc & Germanium Co., Ltd.

Tokyo Ohka Kogyo

Market Cap: JP¥895.6b

Manufactures and sells chemical products and process equipment in Japan and internationally.

thyssenkrupp

Market Cap: €4.9b

Provides industrial and technology solutions and services in Germany and internationally.

MeiHua Holdings GroupLtd

Market Cap: CN¥31.7b

Manufactures nutritional products and solutions in China and internationally.

Pan African Resources

Market Cap: UK£3.0b

Engages in the mining, extraction, production, and sale of gold in South Africa.

Corporación Moctezuma. de

Market Cap: Mex$67.2b

Engages in the production, distribution, and sale of Portland cement, mortar, white cement, ready-mixed concrete and aggregates in Mexico.

Regis Resources

Market Cap: AU$5.1b

Engages in the exploration, evaluation, and development of gold projects in Australia.

Southern Peru Copper Corporation - Sucursal del Peru

Market Cap: S/11.6b

Engages in the mining, milling, and floatation of ore to produce copper concentrates.

Kemira Oyj

Market Cap: €2.9b

Operates as a chemicals company in Finland, rest of Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Raspadskaya

Market Cap: ₽198.1b

Public Joint Stock Company Raspadskaya, together with its subsidiaries, engages in the mining of coking coal.

Vidrala

Market Cap: €2.7b

Engages in the manufacture and sale of glass containers for food and beverage products in the United Kingdom, Ireland, Italy, Iberian Peninsula, rest of Europe, and Brazil.

Titan America

Market Cap: US$2.8b

Through its subsidiaries, manufactures and supplies heavy building materials and services in the United States.

Iskenderun Demir ve Çelik

Market Cap: ₺120.8b

Produces and sells flat steel products in Turkey.

DRDGOLD

Market Cap: US$2.7b

A gold mining company, engages in the extraction of gold from the retreatment of surface mine tailings in South Africa.

West African Resources

Market Cap: AU$3.7b

Engages in the mining, mineral processing, acquisition, exploration, and project development of gold projects in West Africa.

Nippon Shokubai

Market Cap: JP¥333.3b

Engages in the manufacture and sale of chemical products in Japan and internationally.

C.UyemuraLtd

Market Cap: JP¥329.5b

Engages in the research, development, manufacture, and sale of surface treatment chemicals and machinery in Japan, Taiwan, China, and internationally.

JiaoZuo WanFang Aluminum Manufacturing

Market Cap: CN¥14.1b

Engages in smelting and processing aluminum products in China.