Total metals & mining industry M&A deals in Q3 2020 worth $7.21bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 32.6% over the previous quarter and a drop of 34.02% when compared with the last four-quarter average, which stood at $10.98bn.
Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $3.1bn. At the country level, China topped the list in terms of deal value at $1.89bn.
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 2020 was Canada with 213 deals, followed by Australia with 108 and the US with 51.
In 2020, as of the end of Q3 2020, metals & mining M&A deals worth $24.57bn were announced globally, marking a decrease of 29.4% year on year.
Metals & mining industry M&A deals in Q3 2020: Top deals
The top five metals & mining industry M&A deals accounted for 55% of the overall value during Q3 2020.
The combined value of the top five metals & mining M&A deals stood at $3.96bn, against the overall value of $7.21bn recorded for the month.
The top five metals & mining industry deals of Q3 2020 tracked by GlobalData were:
1) The $1.4bn merger of ArcelorMittal USA and Cleveland-Cliffs
2) The $819.43m acquisition of Shougang Jingtang Iron and Steel United by Beijing Shougang
3) QT Vascular’s $732.03m acquisition of Tengri Coal and Energy
4) The $569.56m acquisition of Highland Gold Mining by Fortiana
5) Shandong Gold Mining‘s acquisition of Hengxing Gold HoldingLimited for $442.81m.
Verdict deals analysis methodology
This analysis considers only announced and completed 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.