Total metals & mining industry M&A deals worth $9.9bn were announced globally in Q3 2022, led by Aluminum of 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 61.1% over the previous quarter of $25.58bn and a drop of 62.8% when compared with the last four-quarter average, which stood at $26.73bn. 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 $6.2bn. At the country level, the China topped the list in terms of deal value at $2.34bn. 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 2022 was the Canada with 103 deals, followed by Australia with 48 and the US with 27.

In 2022, at the end of , M&A deals worth $48.4bn were announced globally in metals & mining industry, marking an increase of 7.7% year on year.

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

The top five M&A deals in metals & mining industry accounted for 7.7% of the overall value during Q3 2022.

The combined value of the top deals stood at $3.68bn, against the overall value of $9.9bn recorded for the quarter. The top five metals & mining industry metals & mining deals of Q3 2022 tracked by GlobalData were: 1) Aluminumof China’s $986.35m acquisition deal for 19% stake in Yunnan Aluminium 2) The $962m acquisition of Lithea by Ganfeng Lithium Group 3) China Baowu Steel Group’s $629.57m acquisition deal for 51% stake in Xinyu Iron & Steel 4) The $580m acquisition of 50% stake in Minas de San Nicolas by Agnico Eagle Mines 5) RG Royalties’s $525m asset transaction deal with Rio Tinto