Global Materials High ROE Growth Engines

CMOC Group

Market Cap: CN¥385.3b

Engages in the mining, beneficiation, and smelting of base and rare metals in Asia, Africa, South America, and Europe.

AngloGold Ashanti

Market Cap: US$48.7b

Operates as a gold mining company in Africa, Australia, and the Americas.

Zijin Gold International

Market Cap: HK$347.1b

An investment holding company, engages in the exploration, mining, processing, smelting, refining, and sale of gold and other non-ferrous metals.

Shandong Hongqiao Aluminum Industry Holding

Market Cap: CN¥277.0b

Engages in the research, development, production, and sale of aluminum products in China and internationally.

Gold Fields

Market Cap: R574.1b

Operates as a gold producer with reserves and resources in South Africa, Ghana, Australia, Peru, Canada, and Chile.

Kinross Gold

Market Cap: CA$48.2b

Engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania.

Fresnillo

Market Cap: UK£24.2b

Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico.

Industrias Peñoles. de

Market Cap: Mex$400.8b

Engages in the exploration, extraction, and sale of mineral concentrates and minerals in Mexico, Europe, Canada, Asia, the United States, South America, and internationally.

EMS-CHEMIE HOLDING

Market Cap: CHF 16.7b

Engages in the polymers and specialty chemicals businesses in the Americas, Europe, Asia, and internationally.

Polyus

Market Cap: ₽1.1t

Public Joint Stock Company Polyus, together with its subsidiaries, engages in the extraction, refining, and sale of gold.

CF Industries Holdings

Market Cap: US$17.9b

Engages in the production of ammonia in North America, Europe, and internationally.

Zangge Mining

Market Cap: CN¥121.1b

Researches, develops, manufactures, and sells potassium chloride and lithium carbonate in China and internationally.

Solar Industries India

Market Cap: ₹1.7t

Engages in the manufacture and sale of industrial explosives and explosive initiating devices in India and internationally.

Yunnan Aluminium

Market Cap: CN¥98.8b

Produces and sells aluminum primarily in China.

Endeavour Mining

Market Cap: CA$19.9b

Operates as a gold mining company in West Africa.

Dangote Cement

Market Cap: ₦19.8t

Engages in the preparation, manufacturing, distribution, and sale of cement and related products in Nigeria.

Jordan Phosphate Mines

Market Cap: د.أ9.4b

Engages in the mining and processing of phosphate ore.

Harmony Gold Mining

Market Cap: R185.0b

Engages in the exploration, extraction, and processing of mineral properties in South Africa, Papua New Guinea, and Australia.

National Aluminium

Market Cap: ₹779.6b

Engages in the manufacture and sale of alumina and aluminum products in India and internationally.

China Gold International Resources

Market Cap: CA$10.9b

A gold and base metal mining company, acquires, explores, develops, and mines mineral resources in the People’s Republic of China and Canada.

Greatland Resources

Market Cap: AU$9.2b

Operates as a gold and copper mining company.

OceanaGold

Market Cap: CA$9.1b

Engages in the exploration, development, and operation of gold and gold/copper mines in the United States, the Philippines, and New Zealand.

Wanguo Gold Group

Market Cap: HK$48.3b

An investment holding company, engages in mining, ore processing, and sale of concentrate products in the People’s Republic of China and Solomon Islands.

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.

Minsur

Market Cap: S/19.0b

Engages in the mining business in Peru, Europe, the United States, Asia, Canada, and internationally.

Artemis Gold

Market Cap: CA$7.6b

Engages in the identification, acquisition, and development of gold properties in Canada.

Hindustan Copper

Market Cap: ₹521.0b

Engages in the exploration, exploitation, and mining of copper and copper ores in India.

Discovery Silver

Market Cap: CA$6.6b

A precious metals company, engages in gold production activities.

Genesis Minerals

Market Cap: AU$6.7b

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

Orla Mining

Market Cap: CA$6.0b

Acquires, explores, develops, and exploits mineral properties.

Hochschild Mining

Market Cap: UK£3.2b

A precious metals company, engages in the exploration, mining, processing, and sale of gold and silver deposits.

K92 Mining

Market Cap: CA$5.9b

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

Corporación Moctezuma. de

Market Cap: Mex$70.9b

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

Lafarge Africa

Market Cap: ₦5.5t

Manufactures, markets, and sells cement and other cementitious products in Nigeria.

Zhuzhou Smelter GroupLtd

Market Cap: CN¥27.2b

Produces and sells lead, zinc, and its alloy products under the Torch brand in China.

Pan African Resources

Market Cap: UK£2.8b

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