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  1. Deals Analysis
July 18, 2022

Metals & Mining industry cross border deals total $438.6m globally in June 2022

By Carmen

Total Metals & mining industry cross border deals worth $438.6m were announced globally for June 2022, with the $161.59m acquisition of UEX being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 95.4% over the previous month of $9.48bn and a drop of 79.3% when compared with the last 12-month average of $2.12bn.

In terms of number of cross border deals, the sector saw a rise of 38.89% with 25 deals in June 2022 when compared to the last 12-month average of 18 deals.

In value terms, North America led the activity with cross border deals worth $217.11m in June 2022.

Metals & mining industry cross border deals in June 2022: Top deals

The top five cross border deals accounted for 86.2% of the overall value during June 2022.

The combined value of the top five cross border deals stood at $377.88m, against the overall value of $438.6m recorded for the month.

The top five Metals & mining industry cross border deals of June 2022 tracked by GlobalData were:

1) Uranium Energy $161.59m acquisition deal with UEX

2) The $92.72m acquisition of Altus Strategies by Elemental Royalties

3) Stellantis $52.6m acquisition deal for 8% stake in Vulcan Energy Resources

4) The $38.62m acquisition of Minagoldchoix by QNB Metals

5) Divine Token $32.35m acquisition deal with Billions Steel International

Related Companies

Verdict deals analysis methodology

This analysis considers only announced and completed cross border deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

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