Total metals & mining industry M&A deals in Q4 2020 worth $1.74bn were announced in the US, according to GlobalData’s deals database.
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The value marked a decrease of 50.1% over the previous quarter and a drop of 32.6% when compared with the last four-quarter average of $2.58bn.
The US held a 9.2% share of the global metals & mining industry M&A deal value that totalled $18.94bn in Q4 2020.
In terms of deal activity, the US recorded 44 deals during Q4 2020, marking a drop of 15.4% over the previous quarter and a rise of 10% over the last four-quarter average.
The US metals & mining industry M&A deals in Q4 2020: Top deals
The top five metals & mining industry M&A deals accounted for 98.3% of the overall value during Q4 2020.
The combined value of the top five metals & mining M&A deals stood at $1.71bn, against the overall value of $1.74bn recorded for the month.
The top five metals & mining industry deals of Q4 2020 tracked by GlobalData were:
1) U.S. Steel’s $774m acquisition of Big River Steel LLC (Steel DevelopmentLLC)
2) The $670m acquisition of Alcoa Warrick by Kaiser Aluminum
3) Magris Resources’ $223m acquisition of Imerys Talc America, Imerys Talc Canada and Imerys Talc Vermont
4) The $34.4m acquisition of CONSOL Coal Resources by CONSOL Energy
5) Riedel Resources’ acquisition of Flagstaff Minerals (USA) for $9.27m.
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.