The Rise of Mining M&A in North America

The number of lithium and nickel deals as a share of total mining M&A North America reach 14% this year, which is far higher than the typical 2% to 3% share early that decade. Electric vehicle sales are expected to jump from 10.5 million last year to 26.6 million by 2026 with the prospect of having 730 million EVs on the road by 2040. This has created a rush to secure so-called battery metals, which has led to some pretty major M&A deals such as Levent's almost $4 billion merger with Alchem in May.