A total of $1.74 billion worth of M&A deals were announced in the US metals & mining industry during Q4 2020, according to GlobalData’s database.
This 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 $2.58 billion.
SIGN UP FOR THE MINING NEWS DIGEST
The US held a 9.2% share of the global metals & mining industry M&A deal value, which reached $18.94 billion 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 US metals & mining industry deals accounted for 98.3% of the overall value during Q4 2020. The combined value of these deals stood at $1.71 billion, against the overall value of $1.74 billion recorded for the month.
The top five metals & mining industry deals of Q4 2020 tracked by GlobalData were:
- U.S. Steel’s $774 million acquisition of Big River Steel LLC (Steel DevelopmentLLC)
- The $670 million acquisition of Alcoa Warrick by Kaiser Aluminum
- Magris Resources’ $223 million acquisition of Imerys Talc America, Imerys Talc Canada and Imerys Talc Vermont
- The $34.4 million acquisition of CONSOL Coal Resources by CONSOL Energy
- Riedel Resources’ acquisition of Flagstaff Minerals (USA) for $9.27 million.