Mining Deals Surge

Benzinga

Mining deal activity is surging in Latin America as investors target copper and lithium assets, while investment in higher-risk regions like Africa declines.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:03Global mining mergers and acquisitions are accelerating,

00:06with Latin America capturing most of the activity,

00:08according to McKinsey's Future Minerals Barometer report.

00:12Of roughly $30 billion in global mining M&A recorded in the first three quarters,

00:1774% targeted Latin American assets.

00:20The report said deal values in the region have risen more than 200% since 2021.

00:25Latin America hosts large copper resources in Chile and Peru,

00:28and expanding lithium projects in Argentina under a favorable business climate.

00:34While lithium prices have fallen since 2022,

00:37copper demand, tied to electrification and electric vehicles, is driving consolidation.

00:42The data shows mining investment has shifted toward Latin America,

00:45while deal values in Africa have fallen nearly 80% since 2021,

00:50as investors pull back from higher-risk jurisdictions.

00:53iShares, MSCI, Global Select Metals, and Mining Producers.

00:59ETF is up 58.75% over the past year.

01:03For all things money, visit Benzinga.com.

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