Total metals & mining industry deals worth $1.9bn were announced globally for October 2021, with the $763.83m acquisition of Neo Lithium being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 51.2% over the previous month of $3.91bn and a drop of 52.01% when compared with the last 12-month average of $3.98bn.

In terms of number of deals, the sector saw a drop of 45.76% with 32 deals in October 2021 when compared to the last 12-month average of 59 deals.

In value terms, North America led the activity with deals worth $926.2m in October 2021.

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metals & mining industry deals in October 2021: Top deals

The top five deals accounted for 92.4% of the overall value during October 2021.

The combined value of the top five deals stood at $1.77bn, against the overall value of $1.9bn recorded for the month.

The top five metals & mining industry deals of October 2021 tracked by GlobalData were:

1) Zijin Mining Group $763.83m acquisition deal with Neo Lithium

2) The $571.59m acquisition of Anhui Dahua Dongfang MiningLimited and Anhui Sanli MiningLimited by Flat Glass Group

3) China Coal Pingshuo GroupLimited $220.63m acquisition deal with Pingshuo Industrial Group

4) The $145.62m acquisition of Fiore Gold by Calibre Mining

5) Pallinghurst Nickel International $64.82m acquisition deal with Talon Metals