Total metals & mining industry M&A deals worth $1.9bn were announced globally in October 2021, led by Zijin Mining Group’s $763.83m acquisition of Neo Lithium, according to GlobalData’s deals database.

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The value marked a decrease of 45.1% over the previous month of $3.48bn and a drop of 46.9% when compared with the last 12-month average, which stood at $3.6bn.

Comparing M&A deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $924.7m. At the country level, the Canada topped the list in terms of deal value at $911.32m.

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 South and Central America.

The top country in terms of M&A deals activity in October 2021 was Canada with seven deals, followed by the China with six and the US with four.

In 2021, as of October, metals & mining M&A deals worth $25.66bn were announced globally, marking an increase of 28.5% year on year.

metals & mining industry M&A deals in October 2021: Top deals

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

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

The top five metals & mining industry M&A 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