Global Materials Low-Risk Leaders

Resolute Mining

Market Cap: AU$2.9b

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

Capricorn Metals

Market Cap: AU$8.0b

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

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.

Lynas Rare Earths

Market Cap: AU$16.3b

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

Zhaojin Mining Industry

Market Cap: HK$90.4b

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.

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.

GoGold Resources

Market Cap: CA$1.8b

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.

SSR Mining

Market Cap: CA$10.4b

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

China Gold International Resources

Market Cap: CA$17.5b

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

Griffin Mining

Market Cap: UK£498.0m

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

Franco-Nevada

Market Cap: CA$68.8b

Operates as a royalty and stream company focused on precious metals in South America, Central America, Mexico, the United States, Canada, Australia, Europe, and Africa.

Himadri Speciality Chemical

Market Cap: ₹330.0b

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

Warrior Met Coal

Market Cap: US$5.5b

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

EPC Groupe

Market Cap: €576.0m

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

MMG

Market Cap: HK$119.8b

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

Wagners Holding

Market Cap: AU$936.7m

Engages in the production and sale of construction materials and related building materials in Australia, the United States, New Zealand, the United Kingdom, and Malaysia.

Press Metal Aluminium Holdings Berhad

Market Cap: RM 65.0b

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

Toray Industries

Market Cap: JP¥1.9t

Manufactures, processes, and sells fibers and textiles, performance chemicals, carbon fiber composite materials, water treatment and healthcare, and other products in Japan, Asia, China, America, Europe, and internationally.

China Nonferrous Mining

Market Cap: HK$59.8b

An investment holding company, engages in the exploration, mining, ore processing, leaching, smelting, and sale of copper and cobalt in Zambia and the Democratic Republic of Congo.

Torex Gold Resources

Market Cap: CA$6.4b

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

Alkane Resources

Market Cap: AU$2.5b

Operates as a gold exploration and production company in Australia.

Hecla Mining

Market Cap: US$14.0b

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

SOL

Market Cap: €4.8b

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

Usha Martin

Market Cap: ₹146.4b

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

Adeka

Market Cap: JP¥443.4b

Engages in chemicals, food, and life sciences businesses.

Henan Zhongfu IndustrialLtd

Market Cap: CN¥24.8b

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

Pum-Tech Korea

Market Cap: ₩741.4b

Engages in the manufacture and sale of plastic containers in South Korea and internationally.

Osaka Soda

Market Cap: JP¥243.9b

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

NOF

Market Cap: JP¥625.2b

Manufactures chemicals in Japan.

Cementir Holding

Market Cap: €2.3b

Operates in the building materials sector in Italy, Nordic and Baltic, Belgium, North America, Turkiye, Egypt, and the Asia Pacific.

Balchem

Market Cap: US$5.7b

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¥195.5b

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

United States Lime & Minerals

Market Cap: US$3.4b

Manufactures and supplies lime and limestone products in the United States.

Nihon Parkerizing

Market Cap: JP¥182.8b

Engages in the manufacture and supply of surface treatment chemicals in Japan and internationally.

Konishi

Market Cap: JP¥89.9b

Manufactures and sells synthetic adhesives in Japan.

Gübre Fabrikalari Türk Anonim Sirketi

Market Cap: ₺157.9b

Produces and sells chemical fertilizers in Turkey and internationally.