Insight
Metals deal activity Q4 2018 - at a turning point
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Metals sector deal activity has picked up in recent months, with a number of large deals announced. We've identified over US$30 billion of pending or probable deals, of which US$1.7 to US$10 billion could be completed this quarter. The balance should position 2019 for a strong start. Deal activity, based on completed deals to 30 September, appears to have found a floor. Aggregate deal value and average size are at their lowest levels since the early 1990s, while deal count is at a level last seen in the early 2000s. In this Insight, we discuss: • The outlook for metals sector M&A, including key themes driving corporate activity. • Companies and assets potentially on the radar, despite acquirers still finding growth opportunities relatively scarce. • Trends in recent deal activity and key transactions across the metals sector.
Table of contents
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Metals deal activity Q4 2018 – at a turning point
- Deal activity – trends and observations
- Recent activity
- Key observations
- Outlook: willing buyers but scarce opportunities
- On the radar
- Copper
- Aluminium
- Nickel
- Zinc
- Gold
- Transaction drivers
- Appendix 1: Deal activity by metal
- Copper
- Aluminium
- Lead and zinc
- Gold
- Nickel
- Lithium
Tables and charts
This report includes 24 images and tables including:
- Total metals deal value vs metal prices
- Total number of deals vs metal prices
- Metal prices vs oil price
- Metal prices vs US dollar trade-weighted index
- WoodMac metal price forecasts vs spot
- Total number of metals deals
- Total metals deal value
- Average deal size ($ million)
- Average deal size by metal
- Metals sector deal count – size greater than US$1 million
- Metals sector deal count by size
- Metals sector pending and probable deals (ranked by deal value)
- Copper – deal value
- Copper – number of deals
- Aluminium – deal value
- Aluminium – number of deals
- Lead and zinc – deal value
- Lead and zinc – number of deals
- Gold – deal value
- Gold – number of deals
- Nickel – deal value
- Nickel – number of deals
- Lithium – deal value
- Lithium – number of deals
What's included
This report contains:
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