Global Materials High ROE Growth Engines

Grupo México. de

Market Cap: Mex$1.8t

Produces copper worldwide.

Barrick Mining

Market Cap: CA$111.2b

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

AngloGold Ashanti

Market Cap: US$63.0b

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

CMOC Group

Market Cap: CN¥403.1b

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

Zijin Gold International

Market Cap: HK$424.5b

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

Gold Fields

Market Cap: R688.6b

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

Kinross Gold

Market Cap: CA$54.8b

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

Shandong Hongqiao Aluminum Industry Holding

Market Cap: CN¥239.9b

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

Fresnillo

Market Cap: UK£23.0b

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

Ningxia Baofeng Energy Group

Market Cap: CN¥168.1b

Produces and sells chemical products in China and internationally.

Evolution Mining

Market Cap: AU$32.3b

Engages in the exploration, mine development and operation, and sale of gold and gold-copper concentrates in Australia and Canada.

Valterra Platinum

Market Cap: R366.0b

Engages in the production and supply of platinum group metals, base metals, and precious metals in South Africa, Asia, Europe, North America, and internationally.

EMS-CHEMIE HOLDING

Market Cap: CHF 18.0b

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

Qinghai Salt Lake IndustryLtd

Market Cap: CN¥149.0b

Manufactures and sells potash fertilizers in China and internationally.

Industrias Peñoles. de

Market Cap: Mex$367.2b

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

CF Industries Holdings

Market Cap: US$19.3b

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

Solar Industries India

Market Cap: ₹1.8t

Manufactures and sells industrial explosives, explosive initiating devices, and high energy materials for mining and defense applications in India 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.

Zangge Mining

Market Cap: CN¥124.0b

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

Endeavour Mining

Market Cap: CA$22.0b

Operates as a gold mining company in West Africa.

Harmony Gold Mining

Market Cap: R224.0b

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

Yunnan Aluminium

Market Cap: CN¥91.4b

Produces and sells aluminum primarily in China.

China Gold International Resources

Market Cap: CA$18.3b

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

Dangote Cement

Market Cap: ₦17.3t

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

IAMGOLD

Market Cap: CA$17.5b

Through its subsidiaries, operates as a gold producer and developer in Canada and Burkina Faso.

Jordan Phosphate Mines

Market Cap: د.أ7.7b

Engages in the mining and processing of phosphate ore in Jordan, Asia, Australia, Europe, Africa, North America, and internationally.

Mitsui Kinzoku Company

Market Cap: JP¥1.7t

Manufactures and sells functional engineered and electronic materials in Japan, China, India, Asia, North America, and internationally.

Compañía de Minas BuenaventuraA

Market Cap: US$9.1b

Engages in the exploration, development, construction, and operation of mines in Peru, the Americas, Europe, and Asia.

Henan Shenhuo Coal Industry and Electricity Power

Market Cap: CN¥59.2b

Henan Shenhuo Coal Industry and Electricity Power Co.

Wanguo Gold Group

Market Cap: HK$65.2b

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

National Aluminium

Market Cap: ₹733.4b

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

Artemis Gold

Market Cap: CA$10.4b

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

Discovery Mining

Market Cap: CA$10.3b

A precious metals company, engages in gold production activities.

Genesis Minerals

Market Cap: AU$10.1b

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

OceanaGold

Market Cap: CA$9.6b

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

Greatland Resources

Market Cap: AU$9.1b

Operates as a gold and copper mining company.