Indonesian Materials Price disconnect

Bumi Resources Minerals

Market Cap: Rp81.5t

Through its subsidiaries, engages in the exploration and development of mineral properties in Asia.

Antam (Persero)

Market Cap: Rp70.2t

Operates as a diversified metals and mining company in Indonesia.

Merdeka Battery Materials

Market Cap: Rp55.1t

Engages in the mining and processing of nickel, cobalt, and other mineral deposits in Indonesia and China.

Trimegah Bangun Persada

Market Cap: Rp52.0t

PT Trimegah Bangun Persada TBK engages in the nickel ore mining and processing in Indonesia and distributes the products to China, Switzerland, Hong Kong, Sweden, and Singapore.

Archi Indonesia

Market Cap: Rp26.1t

Through its subsidiaries, engages in gold and silver mining business in Indonesia.

TIMAH

Market Cap: Rp25.9t

Engages in tin mining and smelting operations in Indonesia and internationally.

J Resources Asia Pasifik

Market Cap: Rp11.0t

Engages in the gold mining business in Indonesia.

ESSA Industries Indonesia

Market Cap: Rp10.0t

Owns and operates liquefied petroleum gas (LPG) refinery in Indonesia.

Unggul Indah Cahaya

Market Cap: Rp4.8t

Engages in the manufacture and sale of alkylbenzene chemicals in Indonesia and internationally.

Suparma

Market Cap: Rp906.2b

Manufactures and sells paper and related paper products in Indonesia.

Tunas Alfin

Market Cap: Rp805.3b

Engages in the manufacturing and selling of packaging products in Indonesia.

Madusari Murni Indah

Market Cap: Rp675.6b

Through its subsidiaries, engages in the production, distribution, trading, advisory, and brokering of various organic and non-organic chemical and non-chemical products in Indonesia.

Indo Acidatama

Market Cap: Rp391.3b

Operates as an agro-chemical company in Indonesia.

Argha Karya Prima Industry

Market Cap: Rp309.2b

Produces and distributes flexible packaging films in Indonesia, the rest of Asia, America, Europe, Africa, the Middle East, Australia, and New Zealand.