Energy & Critical Metals
#Metals & #Mining Industry M&A Deals Total $9.9B Globally in Q3 2022
Total metals & mining industry M&A deals worth $9.9bn were announced globally in Q3 2022, led by Aluminum of China’s…
The post Metals &…
Total metals & mining industry M&A deals worth $9.9bn were announced globally in Q3 2022, led by #Aluminum of #China’s $986.35m acquisition of 19% stake in Yunnan Aluminium, according to GlobalData’s deals database.
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The value marked a decrease of 61.1% over the previous quarter of $25.58bn and a drop of 62.8% when compared with the last four-quarter average, which stood at $26.73bn.
Comparing M&A deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $6.2bn. At the country level, the China topped the list in terms of deal value at $2.34bn.
In terms of volumes, North America emerged as the top region for metals & mining industry M&A deals globally, followed by Asia-Pacific and then Europe.
The top country in terms of M&A deals activity in Q3 2022 was the Canada with 103 deals, followed by Australia with 48 and the US with 27.
In 2022, at the end of , M&A deals worth $48.4bn were announced globally in metals & mining industry, marking an increase of 7.7% year on year.
M&A deals in metals & mining industry in Q3 2022: Top deals
The top five M&A deals in metals & mining industry accounted for 7.7% of the overall value during Q3 2022.
The combined value of the top deals stood at $3.68bn, against the overall value of $9.9bn recorded for the quarter.
The top five metals & mining industry metals & mining deals of Q3 2022 tracked by GlobalData were:
1) Aluminumof China’s $986.35m acquisition deal for 19% stake in Yunnan Aluminium
2) The $962m acquisition of Lithea by Ganfeng Lithium Group
3) China Baowu Steel Group’s $629.57m acquisition deal for 51% stake in Xinyu Iron & Steel
4) The $580m acquisition of 50% stake in Minas de San Nicolas by Agnico Eagle Mines
5) RG Royalties’s $525m asset transaction deal with Rio Tinto
The post Metals & Mining industry M&A deals total $9.9bn globally in Q3 2022 appeared first on Mining Technology.
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