Total Metals & mining industry M&A deals worth $3.7bn were announced globally in July 2022, led by Aluminumof China’s $986.35m acquisition of 19% stake in Yunnan Aluminium, according to GlobalData’s deals database.

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The value marked an increase of 297.02% over the previous month of $926.9m and a drop of 42.9% when compared with the last 12-month average, which stood at $6.44bn.

Comparing M&A deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $2.11bn. At the country level, the China topped the list in terms of deal value at $1.7bn.

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 July 2022 was Canada with 11 deals, followed by the China with eight and the US with three.

In 2022, as of July, Metals & mining M&A deals worth $32.44bn were announced globally, marking an increase of 107.4% year on year.

Metals & mining industry M&A deals in July 2022: Top deals

The top five M&A deals accounted for 83.3% of the overall value during July 2022.

The combined value of the top five Metals & mining M&A deals stood at $3.06bn, against the overall value of $3.7bn recorded for the month.

The top five Metals & mining industry M&A deals of July 2022 tracked by GlobalData were:

1) Aluminumof China $986.35m acquisition deal for 19% stake in Yunnan Aluminium

2) The $962m acquisition of Lithea by Ganfeng Lithium

3) China Baowu Steel Group $629.57m acquisition deal for 51% stake in Xinyu Iron & Steel

4) The $332m acquisition of 73% stake in Igneo Technologies by Korea Zinc

5) International Royalty $154.54m acquisition deal with Great Bear Royalties