Global Materials High ROE Growth Engines

Mako Mining

Market Cap: CA$1.2b

Engages in mineral exploration and exploitation activities in Nicaragua, the United States, and Guyana.

Santacruz Silver Mining

Market Cap: CA$1.1b

Engages in the acquisition, exploration, development, production, and operation of mineral properties in Latin America.

Guizhou Zhongyida

Market Cap: CN¥5.5b

Produces and sells fine chemical products in the People’s Republic of China.

Andean Precious Metals

Market Cap: CA$1.0b

Engages in the acquisition, exploration, development, and processing of mineral resource properties in the United States.

J Resources Asia Pasifik

Market Cap: Rp13.1t

Engages in the gold mining business in Indonesia.

GR Engineering Services

Market Cap: AU$1.0b

Provides engineering, process control, automation, and construction services to the mining and mineral processing industries in Australia and internationally.

Raghav Productivity Enhancers

Market Cap: ₹66.0b

Manufactures, trades in, and sells ramming mass and other quartz related items in India and internationally.

Kirac Galvaniz Telekominikasyon Metal Makine Insaat Elektrik Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺29.1b

Operates as a guardrail supplier company in Turkey.

LafargeHolcim Bangladesh

Market Cap: ৳66.9b

Manufactures and markets building materials in Bangladesh and internationally.

Abadi Nusantara Hijau Investama

Market Cap: Rp9.6t

Provides flexible packaging products for digital printing industry in Indonesia.

Hume Cement Industries Berhad

Market Cap: RM 2.2b

An investment holding company, manufactures and sells cement, concrete, and related products in Malaysia.

KeePer Technical Laboratory

Market Cap: JP¥80.7b

Develops, manufactures, and sells car coatings, car washing chemicals and equipment, and other products in Japan.

Thor Explorations

Market Cap: CA$699.9m

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

Caledonia Mining

Market Cap: US$439.7m

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

Sociedad Minera Corona

Market Cap: S/1.4b

Engages in the exploration, extraction, production, and sale of copper, silver, gold, lead, zinc, and oxides concentrates.

AltynGold

Market Cap: UK£285.6m

Engages in the exploration and development of gold producing mine in the Republic of Kazakhstan.

Jubilant Agri and Consumer Products

Market Cap: ₹36.5b

Manufactures and sells performance polymers, chemicals, and agri products in India and internationally.

Vox Royalty

Market Cap: CA$517.7m

Operates as a mining royalty company.

Campine

Market Cap: €298.5m

Provides raw material solutions in Belgium and internationally.

Apcotex Industries

Market Cap: ₹31.0b

Manufactures and sells specialty emulsion polymers in India and internationally.

Ningbo Fubang Jingye GroupLtd

Market Cap: CN¥2.1b

Engages in the production, processing, and sale of industrial aluminum plates, strips, and aluminum profiles in China and internationally.

Serabi Gold

Market Cap: UK£228.9m

Engages in the evaluation, exploration, and development of gold and other metals mining projects in Brazil.

Panama Petrochem

Market Cap: ₹29.3b

Together with its subsidiary, Panol Industries RMC FZE, manufactures, sells, and trades in specialty petroleum products for the printing, textiles, rubber, pharmaceutical, cosmetics, power, and other industrial oil industries in India and internationally.

Mohammed Hadi Al-Rasheed

Market Cap: ر.س1.1b

Produces silica sand for various industrial applications in the Kingdom of Saudi Arabia and internationally.

Alexandria Mineral Oils

Market Cap: ج.م13.3b

Engages in the production and sale of oil products in Egypt and internationally.

Dundee

Market Cap: CA$351.3m

Engages in acquiring mineral resource assets.

Beta Glass

Market Cap: ₦337.7b

Manufactures, distributes, and sells glass bottles and containers in Nigeria and internationally.

Compañía Minera Santa Luisa

Market Cap: S/713.9m

Engages in the development, exploration, exploitation, production, and metallurgical treatment, and marketing of mining in Peru.

Monument Mining

Market Cap: CA$290.8m

Engages in the production, exploration, and development of precious metals in Canada, Australia, and Malaysia.

Central Omega Resources

Market Cap: Rp3.6t

Engages in the mineral mining business in Indonesia.

Dragon Mining

Market Cap: HK$1.4b

Engages in the exploration, evaluation, and development of gold mining assets in Sweden and Finland.

PGP Glass Ceylon

Market Cap: LK₨55.1b

Manufactures and sells glass bottles in Sri Lanka, India, the United States, and internationally.

Mermeren Kombinat AD

Market Cap: €126.5m

Engages in mining, processing, and distribution of marble and decorative stones under the SIVEC brand name in North Macedonia, China, Greece, Balkan region, and internationally.

Golconda Gold

Market Cap: CA$184.2m

Engages in the exploration, development, and operation of gold mining properties in Canada, the United States, and South Africa.

S&D

Market Cap: ₩163.4b

Develops good ingredients and medicare materials in South Korea.

China Silver Group

Market Cap: HK$899.4m

An investment holding company, manufactures, trades in, and sells silver ingots, palladium, and other non-ferrous metals in the People’s Republic of China.