Asia-Pacific metals, mining industry reduces deal activity in Q1

Photo: Vedanta

Asia-Pacific’s metals and mining industry reported a decrease of 20.15 percent in deal activity in the first quarter of 2021, according to figures released by data analytics company GlobalData.


A total of 105 deals worth some US$1.89 billion were announced for the region during the first three months of 2021, compared with the last four-quarter average of 131.50 deals, the company said.


“Led by US$808.93 million acquisition of Vedanta, Asia-Pacific’s metals & mining industry saw a drop of 20.15 percent in deal activity during Q1 2021, when compared to the last four-quarter average,” GlobalData said in a statement.


Of all the deal types that took place in the first quarter of this year, mergers and acquisitions saw most activity, with 102 deals, representing a 97.1 percent share for the region, according to the statement.