US metals & mining industry M&A deals total $1.74bn in Q4 2020

Photo: Kaiser Aluminum

Total metals & mining industry M&A deals in Q4 2020 worth $1.74bn were announced in the US, according to GlobalData’s deals database.

 

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 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:

 

- U.S. Steel’s $774m acquisition of Big River Steel LLC (Steel DevelopmentLLC)

- The $670m acquisition of Alcoa Warrick by Kaiser Aluminum

- Magris Resources’ $223m acquisition of Imerys Talc America, Imerys Talc Canada and Imerys Talc Vermont

- The $34.4m acquisition of CONSOL Coal Resources by CONSOL Energy

- Riedel Resources’ acquisition of Flagstaff Minerals (USA) for $9.27m.