Global Materials Growth at Reasonable Price

Allied Gold

Market Cap: CA$4.5b

Operates as gold mining company in Africa.

Asia-potash International Investment (Guangzhou)Co.Ltd

Market Cap: CN¥42.4b

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

Resolute Mining

Market Cap: AU$2.9b

Engages in mining, prospecting, and exploration of mineral properties in Africa.

Jiaxin International Resources Investment

Market Cap: HK$30.0b

Operates as a tungsten mining company focusing on the development of the Boguty Project based in the Republic of Kazakhstan.

Sinomine Resource Group

Market Cap: CN¥36.3b

Engages in the development and utilization of lithium-ion battery raw materials in China and internationally.

Rio2

Market Cap: CA$1.9b

Engages in the exploration, development, and mining of mineral properties in Canada, Peru, Bahamas, and Chile.

West African Resources

Market Cap: AU$4.3b

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

K92 Mining

Market Cap: CA$7.4b

Engages in the exploration and development of mineral deposits in Papua New Guinea.

Pantoro Gold

Market Cap: AU$978.1m

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

Vale Indonesia

Market Cap: Rp55.6t

Engages in the mining and processing of nickel in Indonesia.

Ramaco Resources

Market Cap: US$695.7m

Engages in the development, operation, and sale of metallurgical coal.

McEwen

Market Cap: US$1.3b

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

Nickel Industries

Market Cap: AU$3.8b

Engages in nickel ore mining, nickel pig iron, cobalt, and nickel matte production activities.

Orezone Gold

Market Cap: CA$1.9b

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

Algoma Steel Group

Market Cap: US$491.3m

Produces and sells steel products in Canada, the United States, and internationally.

Ganfeng Lithium Group

Market Cap: CN¥101.7b

Manufactures and sells lithium products in China.

Sylvania Platinum

Market Cap: UK£244.3m

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

Atalaya Mining Copper

Market Cap: UK£1.6b

Engages in the mineral exploration and development in Spain.

Archi Indonesia

Market Cap: Rp36.3t

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

Caledonia Mining

Market Cap: US$478.9m

Engages in the exploration, development, and production of gold in Zimbabwe.

Ora Banda Mining

Market Cap: AU$3.1b

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

SSR Mining

Market Cap: CA$10.6b

Engages in the acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina.

Galiano Gold

Market Cap: CA$839.7m

Operates as a gold mining company.

Pan American Silver

Market Cap: CA$30.5b

Engages in the exploration, mine development, extraction, processing, refining, and reclamation of mines in Chile, Peru, Brazil, Mexico, Canada, Argentina, Bolivia, and Guatemala.

Eldorado Gold

Market Cap: CA$16.4b

Engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, and Greece.

Aurelia Metals

Market Cap: AU$694.3m

Engages in the exploration and production of mineral properties in Australia.

Greenpanel Industries

Market Cap: ₹19.2b

Engages in the manufacturing and sale of plywood, medium density fibre board (MDF), and allied products under the Greenpanel brand name in India and internationally.

Chemplast Sanmar

Market Cap: ₹28.1b

Engages in manufacturing and selling of specialty chemicals in India.

Guangzhou Tinci Materials Technology

Market Cap: CN¥73.9b

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

ERAMET

Market Cap: €1.3b

Produces and sells manganese and nickel metals in Asia, Europe, North America, and internationally.

Merdeka Copper Gold

Market Cap: Rp72.3t

Engages in the mining activities in Indonesia.

Sagar Cements

Market Cap: ₹21.4b

Manufactures and sells cement in India.

Mondi

Market Cap: UK£3.8b

Engages in the manufacture and sale of packaging and paper solutions in Africa, Western Europe, Emerging Europe, North America, South America, Asia, and Australia.

Advanced Petrochemical

Market Cap: ر.س6.5b

Engages in the production and sale of propylene, polypropylene, isopropyl alcohol, polysilicon, and polysilicon downstream products in the Kingdom of Saudi Arabia and internationally.

Billerud

Market Cap: SEK 19.1b

Provides paper and packaging materials worldwide.

Kenmare Resources

Market Cap: UK£185.6m

Engages in the production and sale of mineral sand products in China, Europe, rest of Asia, Saudi Arabia, the United States, and internationally.