According to a new report, demand for electric vehicles and the clean energy is driving higher investment across mining, in particular, exposure to metals like copper, nickel and lithium.
The US$65 billion announced so far in 2023 is almost double what was announced in the same period of 2022, and the highest since 2012 when China saw a dramatic surge in growth.
“The world has changed, and it’s changing rapidly”
— Gavi Friedland, Goldman Sachs Group Inc.’s head of metals and mining in Australia and New Zealand
Some of the biggest deals include:
- Newmont raises bid for Australia’s Newcrest to $19.5 billion
- Teck resources again rebuffs Glencore’s $23 billion approach
- BHP signs agreement for $6.4 billion OZ Minerals takeover
You can read our analysis on stellar electric vehicle sales keep focus on tight metal markets: