Total metals & mining industry M&A deals worth $6.2bn were announced in Asia-Pacific in Q3 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 a decrease of 9.9% over the previous quarter and a drop of 44.04% when compared with the last four-quarter average of $11.08bn.

Asia-Pacific held a 62.37% share of the global metals & mining industry M&A deal value that totalled $9.94bn in Q3 2022. With a 23.54% share and deals worth $2.34bn, China was the top country in Asia-Pacific’s M&A deal value across metals & mining industry.

In terms of deal activity, Asia-Pacific recorded 99 deals during Q3 2022, marking a decrease of 9.17% over the previous quarter and a drop of 9.79% over the last four-quarter average. Australia recorded 48 deals during the quarter.

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Asia-Pacific metals & mining industry M&A deals in Q3 2022: Top deals

The top five metals & mining industry M&A deals accounted for 49.1% of the overall value during Q3 2022.

The combined value of the top five M&A deals stood at $3.04bn, against the overall value of $6.2bn recorded for the quarter.

The top five metals & mining industry deals of Q3 2022 tracked by GlobalData were:

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

2) The $629.57m acquisition of 51% stake in Xinyu Iron & Steel by China Baowu Steel Group

3) The $501.77m merger deal with Tata Steel and Tata Steel Long Products

4) The $471m acquisition of PTT Mining by PT Astrindo Nusantara Infrastruktur

5) The $452.77m merger deal with Tata Steel and The Tinplateof India Limited