Analysis of the key themes driving M&A activity reveals that batteries accounted for 61 mining deals announced in Q4 2023, worth a total value of $899.4m. The $366m minority acquisition of Pilbara Minerals by AustralianSuper was the industry’s largest disclosed deal. GlobalData’s Mining Industry Mergers and Acquisitions Deals report for 2023 helps discover the latest insights on Mining Industry M&A transactions. The report uncovers the analyzes the disruptive themes behind the most notable deals, and helps anticipate shifts in the industry landscape. Buy the report here.

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In value terms, batteries-related deal activity decreased by 18% in Q4 2023 compared with the previous quarter’s total of $1.1bn and rose by 34% as compared to Q4 2022. Related deal volume decreased by 14% in Q4 2023 versus the previous quarter and was 9% higher than in Q4 2022.

The top-ranked financial advisors supporting these M&A deals in Q4 2023 were Bank of Montreal; Canaccord Genuity Group; CPS Capital Group with 3, 3, 2 deals respectively.

The top-ranked legal advisors supporting these M&A deals in Q4 2023 were Fasken Martineau DuMoulin; McCarthy Tetrault; Cassels Brock & Blackwell with 5, 4, 3 deals respectively.

For further understanding of GlobalData's Mining Industry Mergers and Acquisitions Deals by Top Themes in 2023 – Thematic Intelligence, buy the report here.

This content was updated on 8 January 2024

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.