Global Materials Low-Risk Leaders

Mako Mining

Market Cap: CA$980.7m

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

Resolute Mining

Market Cap: AU$2.0b

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

Capricorn Metals

Market Cap: AU$6.2b

Explores, develops, evaluates, and produces gold in Australia.

Turk Altin Isletmeleri

Market Cap: ₺164.0b

Engages in the gold mining operations in Turkey.

Lynas Rare Earths

Market Cap: AU$17.0b

Engages in the exploration, development, mining, extraction, and processing of rare earth minerals in Australia and Malaysia.

Zhaojin Mining Industry

Market Cap: HK$65.3b

An investment holding company, engages in exploration, mining, processing, smelting, and sale of gold and other metallic products in the People’s Republic of China and internationally.

GoGold Resources

Market Cap: CA$1.5b

Engages in the exploration, development, and production of silver, gold, and copper primarily in Mexico It owns the Los Ricos property, which includes Los Ricos South and Los Ricos North projects, that covers 45 concessions with an area of approximately 24,000 hectares situated in the Jalisco State, Mexico; and the Parral Tailings project located in the city of Parral.

Hecla Mining

Market Cap: US$11.0b

Provides precious and base metals in the United States, Canada, Japan, Korea, China, and internationally.

Regis Resources

Market Cap: AU$5.1b

Engages in the exploration, evaluation, and development of gold projects in Australia.

Fortuna Mining

Market Cap: CA$3.9b

Engages in the precious and base metal mining and related activities in Argentina, Côte d’Ivoire, Mexico, Peru, and Senegal.

Warrior Met Coal

Market Cap: US$4.3b

Engages in the production and export of non-thermal steelmaking coal for the steel production by metal manufacturers in Europe, South America, and Asia.

Griffin Mining

Market Cap: UK£529.8m

A mining and investment company, engages in the mining, exploration, and development of mineral properties.

Triple Flag Precious Metals

Market Cap: CA$9.3b

A precious metals streaming and royalty company, engages in acquiring and managing precious metals, streams, royalties, and other mineral interests in Australia, Canada, Colombia, Cote d’Ivoire, Mexico, Mongolia, Peru, South Africa, and the United States.

Himadri Speciality Chemical

Market Cap: ₹324.6b

Manufactures and sells carbon materials and chemicals in India and internationally.

EPC Groupe

Market Cap: €569.6m

Engages in the manufacture, storage, and distribution of explosives in Europe, Africa, Asia Pacific, and the Americas.

Lundin Gold

Market Cap: CA$20.2b

Develops and operates its mineral concessions in Ecuador.

Press Metal Aluminium Holdings Berhad

Market Cap: RM 63.2b

Engages in the manufacture and trading of aluminum, and smelting and extrusion products in Malaysia, Asia, Europe, Oceania, Europe, and internationally.

SSR Mining

Market Cap: CA$9.3b

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

Wheaton Precious Metals

Market Cap: CA$76.4b

Operates as a precious metal streaming company.

Henan Zhongfu IndustrialLtd

Market Cap: CN¥23.2b

Processes, manufactures, and sells electrolytic aluminum and aluminum products in China.

Osaka Soda

Market Cap: JP¥220.6b

Manufactures and sells basic and functional chemicals products in Asia, Europe, North America, and internationally.

Santacruz Silver Mining

Market Cap: CA$919.1m

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

Taiyo Holdings

Market Cap: JP¥549.4b

Engages in the electronics materials business internationally.

Torex Gold Resources

Market Cap: CA$5.8b

A mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in Mexico and the United States.

Usha Martin

Market Cap: ₹154.7b

Manufactures and sells steel wires, strands, wire ropes, and cord related accessories in India and internationally.

SOL

Market Cap: €5.5b

Produces and distributes technical and medical gases for industry and healthcare facilities in Italy and internationally.

Sociedad Minera Cerro VerdeA

Market Cap: US$23.1b

Engages in the extraction, production and marketing of copper cathodes, copper concentrates and molybdenum concentrates in Peru.

Adeka

Market Cap: JP¥406.2b

Engages in chemicals, food products, and life science businesses.

NOF

Market Cap: JP¥638.1b

Manufactures chemicals in Japan.

Balchem

Market Cap: US$5.4b

Develops, manufactures, and distributes specialty performance ingredients and products for the nutritional, food, pharmaceutical, animal health, medical device sterilization, plant nutrition, and industrial markets worldwide.

Okaya

Market Cap: JP¥196.6b

Engages in the selling, exporting, and importing of iron and steel, special steel, non-ferrous metals in Japan and internationally.

Gübre Fabrikalari Türk Anonim Sirketi

Market Cap: ₺152.7b

Produces and sells chemical fertilizers in Turkey and internationally.

Monarch Cement

Market Cap: US$1.0b

Engages in the manufacture and sale of portland cement in the United States.

Mitani Sekisan

Market Cap: JP¥124.8b

Produces and sells concrete products in Japan.

Impack Pratama Industri

Market Cap: Rp83.2t

Manufactures and distributes plastic building materials in Indonesia and internationally.

Turpaz Industries

Market Cap: ₪7.4b

Engages in the development, production, marketing, and sale of scents in Israel, the Middle East, North America, Europe, Africa, Asia, and internationally.