Total metals & mining industry M&A deals in Q3 2020 worth $1.59bn were announced in the US, according to GlobalData’s deals database.

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The value marked a decrease of 13% over the previous quarter and a drop of 10.9% when compared with the last four-quarter average of $1.79bn.

The US held a 22.1% share of the global metals & mining industry M&A deal value that totalled $7.21bn in Q3 2020.

In terms of deal activity, the US recorded 51 deals during Q3 2020, marking a rise of 18.6% over the previous quarter and a rise of 34.2% over the last four-quarter average.

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The US metals & mining industry M&A deals in Q3 2020: Top deals

The top five metals & mining industry M&A deals accounted for 98.2% of the overall value during Q3 2020.

The combined value of the top five metals & mining M&A deals stood at $1.57bn, against the overall value of $1.59bn recorded for the month.

The top five metals & mining industry deals of Q3 2020 tracked by GlobalData were:

1) The $1.4bn merger of ArcelorMittal USA and Cleveland-Cliffs

2) The $90m asset transaction with Newmont by Maverix Metals

3) Premier Gold Mines USA and Premier Gold Mines’ $50m acquisition of Osgood MiningLLC

4) The $16.8m asset transaction with Barrick Gold by Bullfrog Gold

5) Altius Minerals’ asset transaction with Liberty Metals & Mining Holdings for $8.38m.

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.