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: